Image by lane.bailey via Flickr

Last year I wrote about comeback…  Legends of Parkview had kind of folded up shop.  The previous builder had gone bankrupt and relinquished the property to the bank.  DR Horton stepped in and bought the remaining lots after the last few completed homes had been sold.

Originally, the homes had been priced in the $500k+ range.  They were custom built, most featuring 3+ car garages, basements and very nice finishes.  As a buyer, if you wanted a wall moved, different materials or almost any other change, they would do it (for a price).  They were custom homes.  I had toured them when the development started, and the build quality was excellent.

DR Horton came in at a WAY lower price point.  In fact, pre-construction, the prices were starting in the $270k range.  Now they are up to the $290k range to start (but quickly pass $300k).  Still, that is $300k below where many of the previous homes were sold.  Floorplans are actually similar, as are square footages.  Style is very similar… some of the elevations (exterior stylings) even match the older homes.

There are a few differences, though.  I don’t think there are any 3 car garage plans in the DR Horton stage of the development.  Custom changes aren’t happening.  Some of the materials aren’t as luxurious as they were previously.  There may not be as many variations in exterior designs.

Of course, those are the differences that allow DR Horton to come in $300k lower on their price point.

Coincidentally, the lead agent on the development recently emailed me to invite me to take a look at the new homes.  I’ll try to get out there very soon to see under the hood…