RANCHO TESORO

The question that challenges every renter: Keep renting or buy my first home? If you find yourself skimming rental properties and new-home websites simultaneously, you’re probably on the fence. Brookfield Residential shows what your $2,800 can buy you right now in San Diego’s North County.

You might be surprised to discover that a new-construction home in San Marcos could be on the horizon for you this year.

According to February 2020 Apartment List data, the median rent for a San Marcos two-bedroom unit is $2,030. Neighboring Carlsbad has the most expensive rent in the San Diego metropolitan area, with a two-bedroom median of $2,546.

Rancho Tesoro — a new-construction, master-planned community located off Twin Oaks Valin ley Road in San Marcos — has new townhomes for sale with pricing from the $400,000s.

Let’s break it down: With a sales price of $465,000, a loan amount of $372,000, a minimum credit score of 740 and a note rate of 3.990 percent (4.044 percent APR), you may be able to get a monthly payment close to $2,752 including HOA, through a designated lender.

“By investing in a home rather than spending money on rent, you’re building equity and gaining tax benefits,” said Rachel Peyton, marketing manager for Brookfield Residential. “Plus, our homes are brand-new with in-home technology, customization options and sparkling community amenities, while rentals are often outdated.”

When North County coastal renters Ben and Candace started home shopping, they came across Rancho Tesoro and were pleased with the value.

“We wanted to buy and we wanted a lot more room,” Ben said. “The price per square foot and what you’re getting is a great deal.”

the 2.5 years since Brookfield Residential opened Rancho Tesoro, the homebuilder and developer has watched more than 350 families and individuals successfully purchase a new home. Singlefamily homes are nearly sold out at the top-selling community, where Brookfield and its builder partner California West have just released two new townhome communities: Latitude and Skyhaus.

Located at the peak of Rancho

Tesoro, the new townhomes range from 752 to 1,933 square feet and offer between one and three bedrooms. Residents have access to outstanding schools, including the sought-after Double Peak K-8 school. Nearby is California State University San Marcos and plenty of retail and dining opportunities.

Homeowners at Latitude and Skyhaus also enjoy The Bungalow, a private resort-style recreation area with a pool, fire pit and barbecue pavilion, as well as picturesque pathways that connect to Discovery Lake.

“Buying your first home can feel like entering the unknown, so we make certain people have the information they need to make the decision that’s best for them,” said Peyton. “Beyond the monthly payment, there are a few things to consider, including location, affordability and amenities. We know Rancho Tesoro meets the demands of many renters-turned homebuyers, as evidenced at this fast-selling community.”

To see if now is your time to buy, visit liveranchotesoro.com or call (714) 822-4733.

To visit Rancho Tesoro from state Route 78, exit S. Twin Oaks Valley Road and turn right. Turn right on Village Drive to enter the community. Access new-home neighborhoods along Santa Barbara Drive.

“Buying your first home can feel like entering the unknown, so we make certain people have the information they need to make the decision that’s best for them.” Rachel Peyton Brookfield Residential

COURTESY IMAGES Located at the peak of Rancho Tesoro, new townhomes at Latitude and Skyhaus range from 752 to 1,933 square feet and offer between one and three bedrooms. Pricing starts from the $400,000s.