Do they still build Jim Walter Homes?
Photo: COURTESY JIM WALTER HOMES Once the underpinning of Florida-based Walter Industries, home building subsidiary Jim Walter Homes is shuttering its doors after 62 years in business. Management made the announcement this morning.
What is a spec home in Texas?
Spec Home (U R HOME TEXAS) A Spec home or a speculative home is a brand-new property that is near completion or fully finished. These homes come with pre-customized features, made with minimal charges. A spec home can be a safe investment, depending on the builder.
Who bought out Jim Walter Homes?
Kohlberg Kravis Roberts & Co.
NEW YORK, AUG. 13 — Jim Walter Corp., one of the nation’s largest home builders, will be taken private in a $2.43 billion leveraged buyout by the New York investment firm of Kohlberg Kravis Roberts & Co., the company said today.
When did Jim Walters homes close?
Jim Walter Homes filed for bankruptcy in December 1989, and in 1995, became known as Walter Industries. It closed in 2009.
Can you negotiate price on a spec home?
The builder(s) will likely be hesitant to negotiate price on a spec home. Chances are that they have built several of the same types of homes, which means they likely have a going rate for it that they want to stick to. Depending on your specific situation, it might be possible to negotiate the price.
What’s the difference between a spec home and a model home?
When it comes to builders, spec home vs model home builders will often include nice materials that custom home builders sometimes consider upgrades and that model homes don’t typically offer. The number of spec homes usually being built means that you’ll often have your choice of location.
How much does it cost to build a 3000 sq ft house in Texas?
between $280,000 to $320,000
In Texas specifically, the average cost for constructing a home can range between $235,000 and $660,000. Average price for the construction of a 3000 sq ft home ranges between $280,000 to $320,000.
Are Jim Walter Homes modular?
Jim Walter Homes, Inc. was a modular, kit or shell home manufacturer. The story goes that Walter started the company in Florida in 1946 with $1,000 that he borrowed from his father and sold it for $2 billion in 1986, having capitalized on the post-World War II building and baby boom.
Why is it called a spec home?
A spec home is one that you build under the speculation that you will find a potential buyer who is willing to purchase the house. This means that these brand new custom built homes are completed or almost completed before they have actually been sold.
Is it good to buy a spec home?
Spec Homes Are Affordably Priced Quality home builders invest their time in blueprints and design plans they know will turn into sturdy and reliable homes. By removing the potential for poor design choices, home owners are afforded peace of mind at no additional cost.