Brand new LGI Homes’ house for sale in Houston, Texas with 3 beds and 2.5 baths.

Plan Name: Cottonwood

Community: West Meadows in Baytown (Greater Houston, TX)

Bedrooms: 3
Bathrooms: 2.5
Garage: 2-Car

Price: $726/month.

Home highlights: Formal dining room, Large living room, Breakfast nook, Fully-fenced backyard

Floorplan features: The Cottonwood floorplan is a two-story home featuring almost 1,800 square feet of living space. The upstairs features two bedrooms that share a full bath, and the master bedroom which includes his-and-her walk-in closets and a master bath with an additional closet, garden tub and separate shower. Downstairs is the formal dining room, located just off of the entry, and a utility room conveniently placed away from the kitchen and next to a half-bath for guests. The two-car garage offers easy entry into the home—great for unloading groceries, sports equipment and kids. The kitchen features quality appliances including a new refrigerator, upgraded cabinets and breakfast nook to share your mornings with family.

About West Meadows: Located in Greater Houston, West Meadows in Baytown is one of LGI Homes’ featured communities. Here, buyers will find large landscaped lots, and homes with fully-fenced backyards, quality appliances, fixtures, and cabinets, and thousands of dollars in upgrades included at no cost to the buyer. This child-friendly community includes a playground at the neighborhood park and walking trails. Good schools, close to employment centers, entertainment, sports, restaurants and shopping—West Meadows is a great place to come home to!

Brand new LGI Homes’ house for sale in Houston, Texas with 3-5 beds and 2-2.5 baths.

Community Name: West Meadows

Location: Baytown, Greater Houston, Texas

Community highlights: Large landscaped lots, Fully-Fenced Backyards, Convenient location near downtown Houston

Community features: West Meadows offers family-friendly, affordable new homes, all conveniently located near downtown Houston. Outstanding amenities and quality workmanship in each new home makes buying in this community an easy decision for new homebuyers. Households seeking a new home near everything—good schools, entertainment, fine restaurants, sporting activities, and numerous opportunities for employment and higher education—need look no further. Enjoy tranquility away from the hubbub of downtown while enjoying close proximity to everything!

Home Highlights: 3-5 Bedroom Floor Plans, 2-2.5 Baths, Front Yard Landscaping, Fully-Fenced Backyards, 2-Car Garages, $10K in Free Designer Upgrades, Homeowner Warranty

Home features: West Meadows features four different models, with 3, 4, and 5 bedroom homes that include $10,000 worth of designer upgrades. Quality kitchen appliances, granite countertops, top quality brushed-nickel fixtures and cabinet hardware, a new refrigerator, are just some of the pluses found in each home. The floorplans include 2-2.5 baths, and both single and two-story homes are available. Thoughtful touches like fully-landscaped front yards, fenced backyards, rounded wall corners, vaulted ceilings, and quality deed restrictions reflect the guaranteed quality offered by LGI Homes. With floorplans starting from only $679 per, this stellar community is affordable for couples, families or retirees.

Brand new LGI Homes’ house for sale in North Houston, Texas with 4 beds and 2 baths.

Plan Name: Sabine

Community: Chateau Woods (North Houston)

Bedrooms: 4
Bathrooms: 2
Garage: 2-car

Price: $773/month.

Home highlights: Optional study, Large master suite, Covered rear patio

Floorplan features: Exceptional privacy and ultimate social spaces define the Sabine, a 4-bedroom, 2 bath home that caters to both peaceful nights with the family, and entertaining fun with friends and neighbors. Owners will enjoy ultimate privacy in their expansive master suite along one side of the home—separate shower and soaker tub, and a large walk-in closet included. The large living room area and open-concept kitchen invite socializing, while guests and residents alike will enjoy lounging on the covered rear patio. The fourth bathroom is easily turned into a study—a perfect home office or library.

About Chateau Woods: Located in the highly-desireable Woodlands area, Chateau Woods offers exceptional Montgomery County living, at extremely affordable prices. Easy access to local amenities and hotspots, as well as a quick jump onto I-45 mean that this centrally-located community puts you at the heart of the places you love to be. Every LGI Homes house in Chateau Woods comes with thousands of dollars of designer upgrades—such as rounded corners, custom cabinets, granite countertops and high-quality appliances—at absolutely no cost to the buyer, and each oversized lot has front-yard landscaping and fully-fenced backyards. All of our homes also come with a generous 10-year structural warranty to ensure your comfort and peace of mind. Homes in Chateau Woods begin at just $699 per month.

Brand new LGI Homes’ house for sale in Houston, Texas with 3 beds and 2.5 baths.

This new home from LGI features 3 bedrooms and 2.5 bathrooms all for under $741 per month

Plan Name: Colorado
Community: Sunrise Meadow (Greater Houston)

Bedrooms: 3
Bathrooms: 2.5
Garage: 2-car
Price: $741/month.

Home highlights: Two-story layout, Large Master Suite, Formal Dining Room

Floorplan features: The Colorado updates the traditional two-story home layout, with a contemporary feel perfect for today’s lifestyles. From the large family room on the first floor (a natural place for family and friends to gather), to the expanded master suite on the second floor, there’s a spot in this spacious home for everyone to enjoy. The master bath includes a separate shower and soaker tub, large vanity counter, and a huge walk-in closet. Guests enjoy a convenient powder room located in the home’s welcoming foyer!

About Sunrise Meadow: Looking to live near Texas’ adored Sugar Land, and the new Grand Parkway? Sunrise Meadow offers a beautiful, affordable and family-friendly community just minutes from these popular destinations, along with a number of neighborhood amenities that the whole family can enjoy. Stroll Sunrise Meadow’s landscaped walking trails, enjoy the neighborhood park, or fish on the 3-acre community lake! Once the day’s activity is done, you can then retreat into your very own brand-new home, built complete with thousands of dollars in designer upgrades, included at absolutely no cost to the buyer. These homes are located on oversized, landscaped lots, with fully-fenced backyards—the feel of an established community with the convenience and security of a brand new home. Location, quality construction, excellent customer service and gorgeous, affordable homes—welcome home to Sunrise Meadow!

Brand new LGI Homes’ house for sale in Houston, Texas with 5 beds and 2.5 baths.

This new home from LGI features 5 bedrooms and 2.5 bathrooms all for under $800 per month.
CLICK ON IMAGE FOR DETAILS

Plan Name: Driftwood
Community: Mallard Crossing
View all available homes for sale

Bedrooms: 5
Bathrooms: 2.5
Garage: 2-car

Price: $783/month.

Home highlights: Downstairs master suite, Second floor game room,

Floorplan features: The Driftwood is a spacious plan that offers plenty of room, privacy and convenience for larger households. With five full bedrooms, even smaller families may enjoy the added benefit of a home study, office or hobby room! The downstairs master suite gives owners the ultimate in privacy and serenity, while the four upstairs bedrooms enjoy easy access to the floor’s oversized gaming room—easily the second heart of the home. The main heart of the home—the living and dining areas—flow together to create an open but warm living space toward the rear of the home.

About Mallard Crossing: Looking for quality, affordable homes in a desirable setting, close to area dining, shopping and employment venues? Look no further than Mallard Crossing, LGI Homes’ premier new homes community in Northwest Houston. Each 3-5 bedroom home comes with over $10,000 in designer upgrades included at no additional cost to the buyer, and every lot is oversized, with fully-fenced backyards and front-yard landscaping included. Community amenities include a neighborhood park, walking trails and a beautiful stone entry-way that marks your arrival home. With touches of luxury (like interior custom cabinetry), as well as practical convenience (like our 10-year structural warranty), Mallard Crossing offers everything that the discriminating buyer is searching for, right where they want to live. Stop by Mallard Crossing today, and see for yourself!

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. 

Why should I buy, instead of rent?

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.

How do I know if I can get a loan? Read the rest of this entry »

Houston Business Journal – by Jennifer Dawson

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.