Houston is a fabulous place to live, but trying to find your own space in this sprawling metropolis can feel daunting.
We all want to live close to the city centers where we like to work and play, but we often crave a smaller-town feel in a neighborhood where we can really be at home. To that end, LGI Homes is proud to announce the opening of one of our newest projects: West Meadows in Baytown, where homeowners truly can have it all—starting at just $679 per month.
West Meadows offers exceptional access and proximity to the heart of downtown Houston, while giving residents a real sense of their own community, nestled within the greater Houston area. Oversized lots and generous floorplans give our homeowners space to thrive on their own property, while family-friendly community attractions like a playground, walking trails and a neighborhood park make coming together with friends, family and neighbors both easy and fun.
Homes in this newest LGI Homes community range in size from 3 to 5 bedrooms, and offer at least 2 bathrooms; a 2-car garage and a utility room are also included. These new homes in Houston also come with over $10,000 of interior upgrades included in the affordable sales price, such as custom cabinets and quality appliances (including a refrigerator!).
But these new homes aren’t just beautiful; all LGI Homes houses are also built with a commitment to quality and value. And when you buy with LGI Homes, our award-winning construction quality and our confident homeowner warranties mean that you can rest easy while you enjoy life in your new home and your new community.
With West Meadows, LGI Homes has once again shown that living in a big city doesn’t mean we have to give up our small-town dreams. It just takes the right builder in the right place to make having it all possible again. Stop by our new West Meadows community soon to see how we can make your dreams come true. We’ll be waiting for you.
Wouldn’t it be great to start off the New Year living in a brand new LGI Home in Sunrise Meadow? Don’t spend another year wasting money on rent. This weekend only at the LGI Homes New Year Sales Event, Sunrise Meadow is offering $5,000 off all homes. With $5,000 off, No Down Payment Required, and interest rates at historic 52 year lows, there has never been a better time to buy the home of your dreams.
If homeownership is not one of your 2011 New Year’s Resolutions it should be. This is the year to stop wasting money on rent! Take the first step towards ownership; call today and set an appointment to attend the LGI Homes New Year Sales Event this weekend only.
The LGI Homes Information Center at Sunrise Meadow will be open from 8:00am to 8:00pm on New Year’s Day. Stop by to see the exciting new floor plans LGI Homes is now offering at Sunrise Meadow. You won’t want to miss this; I can give you 5,000 reasons why.
Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.
How much money will I have to come up with to buy a home?
Answer: Well, that depends on a number of factors, including the cost of the house and the type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money – the deposit you make on the home when you submit your offer, to prove to the seller that you are serious about wanting to buy the house; the down payment, a percentage of the cost of the home that you must pay when you go to settlement; and closing costs, the costs associated with processing the paperwork to buy a house.
The more money you can put into your down payment, the lower your mortgage payments will be. Some types of loans require 10-20% of the purchase price. That’s why many first-time homebuyers turn to FHA for help. FHA loans require only 3% down – and sometimes less.
Closing costs – which you will pay at settlement – average 3-4% of the price of your home. These costs cover various fees your lender charges and other processing expenses. When you apply for your loan, your lender will give you an estimate of the closing costs, so you won’t be caught by surprise.
Eric Lipar has LGI Homes on a fast track for growth because the CEO wants to take the company public within the next five years.
LGI Homes recently acquired 313 home lots in the Houston area, has another 200 lots under contract and is opening an office in Phoenix — the first time it has expanded outside Texas. On top of that, the Conroe-based homebuilder broke a company record in October by closing on the sale of 57 new starter homes in one month. That breaks the previous LGI Homes record, set in February 2008, of 56 closings. The company ranked No. 12 on the Houston Business Journal list of Largest Houston-Area Homebuilders with 2009 local gross revenue of $28.5 million.
Lipar is lining up multiple capital sources and buying land and home lots to fuel strategic plans at the company, which he owns with his father, Tom Lipar. The CEO says a family-owned business only has two exit strategies — sell or go public. LGI Homes chose the stock option.
The homebuilder is opening a Phoenix office because the company needs to have operations in at least two markets besides Texas to go public, Lipar says. LGI Homes intends to expand into Atlanta or one of the Florida markets in 2012 to meet that requirement.
Tony Avila, with San Francisco-based Avila Advisors, is guiding LGI Homes on future growth plans. Avila also paired LGI Homes with New York-based GoldenTree InSite Partners earlier this year to create a $50 million joint venture to buy discounted home lots (see “LGI Homes, GoldenTree InSite targets dirt-cheap lots,” April 2, 2010, at bizjournals.com/houston). GoldenTree InSite, which goes by GTIS, was one impetus behind expanding in Phoenix. Lipar says both joint venture partners believe Phoenix is a great long-term market because it has a large inventory of finished home lots available at a discount.
Lipar expects land prices in Phoenix to hit bottom in 2011, making it a good place to sell homes in 2012. Read the rest of this entry »
Wouldn’t it be great to start off the new year living in a brand new house by LGI Homes? Don’t spend another year wasting money on rent. With $5,000 OFF all homes and interest rates at historic 52 year lows, there has never been a better time to buy the home of your dreams at Sunrise Meadow. As an added bonus you won’t have to make a payment until February 2011!
Sunrise Meadow offers 100% financing with USDA backed-loans. There are only 10 homes left that can close by December 31, 2010! Call us now to speak with a new home consultant for more information about how you could be one step closer to fulfilling your dream of home ownership in 2010.
“I have started this letter more than once. Thank you seems trite. I absolutely love my new home. My guests feel the warmth and attention to detail that I enjoy every day.
The loan process flew by. I am still amazed at the teamwork with which you work. No matter with whom I spoke, I was always addressed by my name, with eye contact, a sincere smile, and in a respectful tone. I felt like I was the most important person in that office at that time. Thank you for the promptness with which you returned my phone calls and for your support, expertise, and wisdom.
The walk-through was just as top notch as the loan process. Never have I done a walk-through and found nothing to be done, at least not until this walk-through. No question was too trivial and, again, I felt like I was the most important person at that moment.
The warranty program and website are wonderfully user-friendly. Although I have used the website only once, the response time left me laughing. I submitted my claim and was on the way to the car when the phone rang. It was LGI Homes wanting to schedule the workmen….that day!
As a visitor to Creekside Village, I was drawn to the tidiness of each construction site, both inside and out. The quality of workmanship and attention to detail was evident. After moving in, I realized this pride in one’s workplace is a perk for new residents as well. Never did I feel inconvenienced by construction all around me. The streets were easy to navigate and free of debris. The job sites were quiet and the workmen were courteous. Their attention to the job at hand was that of craftsmen.
My beautiful home accommodates my love for the outdoors and my pets. The flow of the house is delightful. It accommodates many guests and yet it is warm and cozy for one. My first energy bill was a pleasant surprise, and cleaning is a breeze.
I could go on and on, but finally I must tell you why I made a decision to buy a home. Over the last decade I have been without. Coincidently, my health has been failing. Medication hadn’t done its job. It was my decision that what I needed was a home with a yard that was easy to maintain and affordable. Little did I know I would end up with my dream home.”
How much do you spend on rent? If you are spending more than $700 a month, you could purchase your new home for less than you spend renting. Currently, payments are as low as $679 a month at all LGI Homes locations. Stop throwing your money away and get into your very own home.
LGI Homes features beautiful brick single family homes for No Money Down. These three, four and five bedroom homes are only minutes from fantastic shopping, dining and outdoor recreation. Some of the great features included in all new LGI Homes are brand new top of the line appliances, custom cabinetry, landscaping and more.
Don’t throw away another penny on rent! Owning is easier than you think. Call or visit one of our beautiful new home communities today. If you live in the Houston, San Antonio or DFW area LGI Homes has the perfect new home for you.
At LGI Homes we are actively acquiring and looking for sales representatives in Houston, Dallas/Fort Worth and San Antonio. Construction and Administrative jobs are also available.
Since 2003, LGI Homes has become one of the fastest growing home builders in Texas and was recognized by Builder Magazine as the only builder in the United States to increase closing in 2006, 2007, and 2008. Recently LGI Homes was recently recognized as the best for Overall Quality for Houston New Homes.
So we’ve seen which builders leave customers most satisfied, but what about quality rankings? This list looks at the number of construction problems in a new home, focusing on 41 categories like the bathroom, kitchen and home exterior.
Just so you know, JD Powers tells us the problems reported most often in Houston include electrical, heating and air conditioning issues.
The builder with the least number of reported issues is LGI Homes of Conroe.
“We are really proud of the JD Power New Home Quality ranking,” said Eric Lipar, CEO of LGI Homes. “We have always maintained that first-time homebuyers don’t have to sacrifice service and quality, for affordability. We have an onsite dedicated professional that insures every home meets our top quality standards and is ready for move in. I am really impressed with our team and thankful to our customers for this recognition.”
WESTLAKE VILLAGE, Calif.: 15 September 2010 — Trendmaker ranks highest in customer satisfaction with new-home builders in the Houston, Texas, market, according to the J.D. Power and Associates 2010 New-Home Builder Customer Satisfaction Study released today. In addition, LGI Homes ranks highest in the New-Home Quality Study also released today. Trendmaker is headquartered in Houston while LGI Homes is headquartered in Conroe, TX.
The downturn of the housing market—along with intensified competition for a very limited pool of home buyers—has reinforced the importance of customer focus for new-home builders,” said Dale Haines, senior director of the real estate and construction industries practice at J.D. Power and Associates. “In this buyers’ market, builders that are attentive to customer needs and focus on relationship building stand the best chance of enduring through the market recovery.”
2010 New-Home Quality Study
The J.D. Power and Associates New-Home Quality Study, now in its fourth year, measures the occurance and impact of construction problems experienced by new-home owners in 17 markets. The study utilizes an index that measures problems in 41 categories for the following aspects: bathroom; drywall; electrical/appliances; flooring/stairs; home exterior; interior paint; kitchen; windows/doors; and other significant problems.
LGI Homes ranks highest in new-home quality in the Houston market. Home quality in the Houston market has improved from 2009, averaging 850 in 2010—up by 18 points from the previous year.
