Market Conditions in Fishers>Question Details

Mike, Both Buyer and Seller in Indianapolis, IN

Any reviews about Centex, Ryland, CP Morgan Home? - I dont find one of these builders as promising from

Asked by Mike, Indianapolis, IN Tue Jun 3, 2008

re-sale prespective? Any takes?

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9
Hi Mike, Let me add a couple thoughts. One: any seller will suffer in the resale market if their neighborhood isn't totally built out when they list their home for resale. They can't compete with the
builder discounts. After the neighborhood is finished, resale value will begin to grow kind of like their landscaping. Two: Are you thinking Pulte offers a better home? Davis? What are you comparing
these builders to? Sandstone Lakes (Ryland) is appreciating - even those homes without basements. Three: I find neighborhoods under the $150k buy in threshold suffer most from foreclosure. There seems
to be a shake out period from 3 - 8 yrs after buildout is finished before the glut of foreclosures end and the neighborhood can begin to appreciate. Off subject/but related - I am pro anything that helps bring jobs to the greater Indy area. Well, that's my four cents. If you want to talk further, Mike, give me a call. 513.4652. marita@maritatopmiller.com
2 votes Thank Flag Link Wed Jun 4, 2008
I have bought Ryland Home for myself and I can say from my personal experience how inferior the quality of homes are after paying well over $300,000. The cabinets in the kitchen are falling apart and I have been the only person using the cabinets and not even often becasue I don't spend much time in the kitchen but they are falling apart. Ryland insists when contacted that they are such high quality cabinets and that's why they exclusively use them - does that say anything? Their standard of quality is far from what I can accept as a customer.
1 vote Thank Flag Link Tue Jul 19, 2011
There is a big difference in resale depending on the price range. For example Ryland builds in a higher price range than CP Morgan. Overall CP homes do not provide as much appreciation as a Ryland or Centex home might. It really depends on your price range, the neighborhood, and area. You want to make sure you are comparing apples to apples. Most importantly you do not want to be the highest priced home in the neighborhood. With some research I can let you know what the average sale price in a new construction neighborhood is. These builders do not discount their pricing if you do not have a realtor. They negotiate the same with and without a realtor. We can research and tell you on average how much they are discounting the home. Please feel free to call me and I can give you some background on the different builders in the Fishers area. Fishers is a wonderful area to live in.

Jacqueline Graham
Century 21 Scheetz
317-814-5273
"Fishers specialist"
1 vote Thank Flag Link Tue Jun 3, 2008
No doubt Ryland has many good looking outside designs. The good thing about them was that they were on time in building the home.

We were shopping in the area builders in Fishers, and trapped into Ryland's "quality" trap thinking they provide better quality as their comparable home is approx. 40-50 thousand expensive than their competitors.

You'll be surprized if I tell you they no better than any cheap builder. The sidings started meted from one side. They said it was because of the neighbor's windows reflection, not because of low quality materials. The outside color was entirely different than what we asked them. The water stoppers in the sink (look like made of stainless steel) have lost their crome. The garage door have been attempted many times to fix but still we need to standby it otherwise it opens back when half way through. They seeded the backyard AFTER the closing, when the weather was already freezing, saying if the grass didn't come properly they will re-seed it in spring, and also put more dirt to grade the yard.In spring, they responded they won't do it as they do it only once which has already been done.

The upgraded granite counter tops in bathrooms (for which we paid a lot of money) get water stains right after you use them. Ryland's supervisor (Cameron???) visited to see, and said he was but he cannot do anything about it.
The arch above the main entrance shivers and makes sounds when you close the door or when there is windy weather.
If there is something that can be fixed/adjusted with some makeup, they will fix it. If it takes them to replace, or in other words, where they see fixing will be expensive, they will simply deny. ---- That's the Ryland Homes normal practice.

And, yes, I am talking about Tanglewood community in Fishers.

If I buy another home, I'll buy from Centex or any other cheaper builder who stands behind their work, and save 40-50 thousand in the price for the same home.
0 votes Thank Flag Link Sat Aug 17, 2013
I am a owner of a centex home. Run fast. The homes are just ok. Built with cheap materail. Go look a homes in the deffernt stages of competion. The worst thing about centex is getting them to do anything. Have been in my home 16 months. Still have problems getting anything done or ever talking to anyone. Then you are told not our porblem. Then you have the HOA company owned by Centex. Not a good thing. I would never buy another home form Centex.


Just a unhappy owner of a centex home in Retama Springs San Antonio tx
0 votes Thank Flag Link Tue Aug 28, 2012
Well, CP Morgan has gone out of business but I have to admit I have been impressed with both Centex and Ryland's homes. I really, really like the floor plan called the Carson by Centex. They have a one neighborhood in Fishers (Hamilton County) that is put up on orders and there build time starts in August. There is a really nice Centex neighborhood in McCordsville that is USDA eligible meaning you could build a brand new home with no money down and very low PMI. The difference in cost between Fishers & McCordsville would be the equivalent $50,000 for the exact same home and without any down payment! Sweet deal!
0 votes Thank Flag Link Wed May 2, 2012
This is in response to Damon Williamson comment on Centex/Pulte homes. Check their clients reviews. Horrible customers comments about construction, quality, customer service. Not concentrated in any one particular area, they're all over the US. I would say there are more comments to counter act your comment, negatively against Centex. I don't believe I would buy any "track builder" home. They all have horrible reviews. The internet is a wonderful thing.
0 votes Thank Flag Link Tue Aug 9, 2011
Centex is now Pulte but when they were Centex and its a resale, they build a solid house. I worked for Centex for 8 years and they do care about the customer.
Web Reference: http://www.realtordamon.com
0 votes Thank Flag Link Tue Jul 19, 2011
A big distinction in how to respond is also considering the age of the home and community built by that builder. For instance, CP Morgan built a fine home in the late 1980's and early 1990 as it competed for the same buyers of semi-custom homes as Estridge. Competing communities at the time were Williamson Run, Rohrer Wood, Rohrer Meadows (C.P. Morgan); Westpark & Beacon Pointe (Estridge). In fact, the C. P. Morgan homes from this era have lap cedar siding, more brick, crown moulding and more labor-intensive, attractive fireplaces. If one is considering these builders for new or recent construction, there is no substitute for simply visiting examples of each. I'd be happy to help you with a personal 'builder's tour', if interested.
0 votes Thank Flag Link Thu Jun 12, 2008
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