Multifamily Homes For Sale: Bringing affordability to more buyers.
We’re in the midst of a historic housing crisis that started back with the Great Depression and worsened with the pandemic.
Record low inventory, record-high home prices and escalating mortgage costs are threatening to price an entire generation of would-be buyers out of the market.
Not if we have anything to say about it.
Overcoming the current housing crisis will require two tasks: 1) building more homes; 2) making the homes more affordable. Pacific West excels at both.
We specialize in multifamily communities (condos and townhouses), which is the fastest, most efficient way to bring more homes to market. The cost savings inherent with multifamily homes combined with our ultra-efficient building process helps us bring homes costs down to more reasonable levels.
We also provide buyers with better value. That might sound the same as providing affordability, but there is a distinct difference. Our townhomes and condominiums rival more expensive single family homes feature for feature. Buyers can get the same privacy, the same storage, the same flexibility, and the same craftsmanship found in single-family homes. For significantly less. That’s value.
The largest generation in history is coming into a market without enough homes. People are being priced out of the market, particularly first-time buyers who don’t have that equity built up from owning a home.
Affordability without compromise.
The easiest way to reduce costs is by cutting corners, by compromising quality and craftsmanship. Builders can choose to use cheaper materials, include fewer features, shrink square footage, and choose secondary locations. That’s something we’ve never done and will never consider.
For more than three decades, our goal with every project has been to increase buyer value by reducing costs without sacrificing quality or craftsmanship.
Pacific West will always give its customers more for their money.
A seamless approach to multifamily home building.
The key to achieving affordability is through better project management and increased construction efficiency. Those are two areas we have been focused on (obsessively so) since our beginning in 1991 (when we built and developed a single family for-sale community in Southwest Reno).
Central to our project management approach is OurTec. It’s a suite of software programs that are designed exclusively by and for Pacific West with a focus on building multifamily properties.
A $4.5 million investment, OurTec ties together the industry’s most popular and powerful third-party programs, including:
Primavera™ Time Management Software
Sage Precision Estimating by Oracle
Sage Accounting by Oracle
AutoCAD
Autodesk Rivet
Autodesk BIM
MiTek Virtual Plant Software
Everyone associated with a project has free use of our easy-to-learn system. It provides project management, scheduling, and a secure, real-time exchange of information.
OurTec also includes a sophisticated financial modeling system that helps eliminate guessing. It’s easy to use and will instantly give prospective investors real world numbers for any amount of variables (run models for different investment levels, densities, products, time schedules). It can be used in the pre-planning stages to help project partners determine the ideal market and plans to use (a powerful tool for sales representatives and Realtors, as well as project partners). It provides a real look at the potential for success
Construction efficiency cuts costs.
We’ve refined our design-build process to become one of the most efficient builders in the industry. We typically cut 6 to 9 months off build times and reduce per square-foot costs by up to 20% (when compared to other builders).
While lowering construction costs lowers home prices, it also allows us to use better materials, offer home buyers more features, and build our home communities in more desirable locations.
Efficient construction benefits more than just home buyers. Getting a project to market faster strengthens a community by quickly filling housing inventory. It gives investors a quicker return on their investment (our investors can start seeing a ROI while competitors are still spending on construction). Being first also gives your sales team a distinct marketing advantage.
Modular off-site manufacturing is faster and more economical.
Unlike with on-site labor, off-site labor works in continual shifts. Instead of working 8 hours a day, we can work 24 hours a day.
Off-site manufacturing also allows us to start construction (on up to a third of a building) from day one. We don’t have to wait until site work has been done and foundations poured. This alone cuts the overall build time by a month or more.
Off-site manufacturing improves quality. It’s free from environmental variables. Every step is easily managed and monitored. Because we use the same assemblies and manufacturing teams, we can eliminate virtually all errors through experience and repetition.
Focusing on the details also contributes to overall savings. Our products are specifically designed with modular building and manufacturing in mind. They don’t have to be modified. This allows us to build sections off-site are sized to be transported on regular-sized vehicles. Eliminating oversized loads reduces costs and avoids delays associated with extra DOT requirements. Every dollar saved means lower home costs.
Condos and townhouses save open space. And land costs.
One of the primary reasons for soaring home prices is soaring land prices. As the number of available housing sites shrinks, the price for those sites rises. A lot. Multifamily development offsets high land prices.
With smart site layout, multifamily builders can fit around 20 to 24 homes per acre. That’s more than three times as many single family homes. It’s a huge savings on costly real estate. Plus, it’s the most effective way to reduce urban sprawl and preserve open space for future generations.
The award-winning architects and engineers from the 1085 Group, an independent design firm, provides Pacific West with exclusive products that maximize land use. They push the natural benefits that come from condos and townhome communities to the next level. Floor plans maximize livable space. Garages are tucked away, reducing the need for sprawling parking lots. Storage replaces wasted space. It’s a win-win for home buyers and their communities.
Cutting home costs without cutting livability.
Pacific West’s condos and townhouses are designed and built to offer buyers all the privacy, features and craftsmanship of single family homes without the time-consuming, costly maintenance (or high purchase prices).
Resourceful, market-driven features include: open layouts, private entries, full or half garages with direct access, raised ceilings, hybrid car charging stations, abundant storage, oversized windows, flex space, and balconies or patios. Mechanicals systems are isolated to reduce operating noise, and increase performance.
All our plans are designed to be flexible, to easily conform to a resident’s specific needs. Spacious rooms are designed for easy repurposing. Buyers can create an entertainment room, a home office, a guest room, a children’s playroom.
Our Multifamily For-Sale Services
Pacific West is available as a design-build general contractor and as a comprehensive residential development partner. We focus on markets in Northern California and Northern Nevada.
Our Multifamily For-Sale Project Types:
- Market Rate
- Affordable Housing (income assisted)
- Mixed Use (market rate mixed with affordable housing)
Our Multifamily Building Styles:
- Garden Style Condominiums
- Townhome
- Podium Condominiums
- Wraps
