“If you think of the best place in the country, everybody says it’s Texas. The best place in Texas is Dallas-Fort Worth. Then, to be even more surgical, I think we’re in the best place, northeast Tarrant County.”
As production home builders cut back, Maykus Homes and Neighborhoods is keeping a steady pipeline and focusing markets where it has seen success.
The company has 20 homes under construction and 150 lots in production, concentrated in markets like Grapevine and Southlake. Maykus Homes and Neighborhoods has managed its inventory and doesn't have excess homes it needs to offload. , president of Maykus Homes and Neighborhoods. “What got builders in trouble in the Great Recession was having a lot of inventory sitting out there.”
Our processes today are much more forward thinking, ordering windows seven or eight months in advance… We operate nothing like we did even three years ago. The quality is still the same. But, for example, in those 20 homes we ordered dishwashers six months ago. We ordered $160,000 worth of windows on these projects…
If they’re living there one, two, 10 years, there is flexibility and forward-thinking design on these, where they can customize them or make them their own over a longer period of time. When you could get a 2.5%, 3% mortgage, it was a lot easier of an environment to sell somebody a house. We have pivoted , to getting people five and seven year ARMS and we’ve learned how to sell that. Prices of homes aren’t falsely inflated.
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