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INVESTING IN A PRAIRIE POINTE TOWNHOME MAKES CENTS South Elgin Community Now has 9 Townhomes Ready for Early Move-In Prairie Pointe in South Elgin now has several townhomes ready for immediate delivery. Young professionals looking to make their hard-earned money work for them would be smart to put that money into the best investment going-real estate and the opportunity to own their own home, say the experts. Such a move can be particularly advantageous for those who rent or are considering it. "It makes financial sense and dollars and cents, too. Many 20- and 30-something professionals rent not because they want to, but because it is so difficult to get enough money together at one time for a down payment on a home of their own," said Diane Robinson, director of marketing for Wyndham Deerpoint Homes. "We have just completed the first quarter in a new tax year. If you were lucky enough to get a tax refund in 2006, now is the perfect opportunity for young professionals to break the cycle of renting by taking the lump sum they get from their refund and investing it into a home that will build long-term equity." Buying a townhome instead of a single-family residence can also be a practical step-up for renters who are reluctant to part with one of the only true advantages of renting-the freedom from home maintenance. "A townhome gives buyers all the financial benefits of owning a home without all the upkeep like exterior repairs, snow shoveling and lawn care, which is perfect for busy young professionals," said Robinson. Financially, however, "the most important distinction between renting and owning is the ability to build equity in real estate, which is only possible with the latter. When a homeowner pays a monthly mortgage, the portion applied toward the principal every month comes back is your money coming back to you-a reflection of the value of your equity," Robinson noted. Conversely, the amount you pay each month in rent "is money that you'll never see again-dollars that you can't put to work for you. It's kind of like paying someone for the simple opportunity to occupy their property," she said. Moreover, when tax time rolls around again next year and the year after, buyers can take advantage of yet one of the other benefits of home ownership-the ability to deduct property taxes and mortgage loan interest on their federal and state income tax returns. "When you add up all the pros of purchasing, most owners inevitably gain more tangible and intangible benefits than renters do," Robinson said. "It simply makes better financial sense to build equity, reduce your taxes, and make your money grow through appreciation, all while living in a brand new home that you can call your own." Renters are seeing the advantages of buying, which explains the brisk sales at Prairie Pointe, Wyndham Deerpoint Homes' new community of 84 townhomes in South Elgin. Located on Raymond Street north of Kenyon Road, Prairie Pointe has proved to be an in-demand destination for new townhome shoppers, with 12 residences that are now available for immediate delivery. "While interest rates are still low, now is the time for anyone getting a tax refund to buy," said Robinson. "Many shoppers appreciate the luxury of being able to move in right away, without having to wait out the building cycle from start to finish. At Prairie Pointe, they can do just that." Each of the 12 immediate occupancy townhomes includes two to three bedrooms, two-and-a-half baths, and 1,533 to 2,033 square feet. Some units feature preferred amenities such as two master suites, upgraded cabinetry and appliances, finished lower level, kitchen with a breakfast bar, wood flooring, satin nickel lighting fixtures, and end-unit locations. Prices range from $229,900 to $309,000 (all prices subject to change without notice). "At these prices, that's a lot of townhome for the money, which is why we anticipate a quick sellout of these no-wait residences," said Robinson. All townhome buyers can count on enjoying a home with thoughtful touches like attractive oak railings, a wood deck or concrete patio, nine-foot first-floor ceilings, custom quality kitchen cabinetry, and a fully sodded homesite with a professional landscape package, said Robinson. Community highlights include winding, tree-lined streets and scenic ponds. Additionally, homeowners are also conveniently accessible to a number of area amenities and hot spots, most notably the Fox River, which offers activities like boating, fishing and picnicking. Other area attractions include the Illinois Prairie Path (which borders Prairie Pointe on its east side), Tri-County State Park, two forest preserves with miles of paved bikeways and hiking trails, and the Fox River Trail running parallel to the Fox River. A variety of shops and stores are also within close proximity, such as Geneva Commons shopping center, Charlestown Mall, and Spring Hill Mall. What's more, Prairie Pointe is just a quick walk away from local schools, including Kenyon Farms Middle School and the brand new South Elgin High School, Robinson added. The Prairie Pointe sales office is located at 1680 Deerpoint Drive. To reach the community, take I-90 west to Rt. 59 south to West Bartlett Road. Head west and turn right (north) onto Rt. 25. Turn left on Kenyon Rd. and go west to South Elgin Road. Proceed north on South Elgin Road to the community on the right hand side on Deerpoint Drive. Hours are 11 a.m. to 5 p.m. daily and Sunday 11 a.m. to 5 p.m (closed on Thursday). For more information, phone (847) 742-0200

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