Post # 1
My husband and I just got married in Feb and we are looking at buying our first home.
We are looking at several options. Our first was having a house built. So this weekend we went to look at some DR Horton floor plans. I didn’t fall in love with any of them. On our way home we passed a KB subdavision and just stopped to look. We both fell in love with a house that is within our 170 thousand budget but we are worried about the reputation of KB Homes. Of course we were told that their building process has improved and that they have won the golden hammer award 8 years in a row now. So do any of you ladies live in a KB home that you love or does anyone have any input. Let me just say that the town we live in is expensive and moving to another town isn’t an option. Thank you and happy Monday!!!
Post # 3
The only experience I have with them is when we were briefly considering a new-build. There was a subdivision (very large) that had 5 different builders involved and our real estate agent told us to avoid KB and one other of the 5 involved. She said she has only had problems with them in her career. Its just anecdotal and that is not proof, but its what was recommended to us be a seasoned real estate agent.
We are closing on another house next week. (not a new-build)
Post # 4
I work in the commercial construction industry so I don’t have personal experience with them but when we were house hunting I was told to stay away from KB Homes by my real estate agent as well as everyone I worked/work with. A good indication of the quality of KB Homes to me is the fact that they don’t actually build communities in my area that are places I would consider “ideal” to live in. Now my budget for a house was $200K or less so not much more than you. We could afford more but I wasn’t comfortable paying that. They tend to build right outside the “ideal” communities around here.
We ended up purchasing a DR Horton inventory home, it’s the Connick floor plan and we love it. We have had some issues with the warranty work but that’s been more of an issue with the individual assigned to our home, whenever we’ve had issues with him DR Horton has taken care of the issues for us. We financed through them and they paid closing costs and honestly, they were so much easier to deal with than the company we were originally pre-approved through. We closed less than 4 weeks from the day we made our offer and they took care of everything, and paid to Fed-Ex the paperwork from them to me and back to them to get everything taken care of on time. The underwriter didn’t have our forms ready quite at 10am but we were able to sign everything else and by the time we were done the rest of the forms were ready and we weren’t held up a bit. I think our entire closing lasted less than 90 minutes.
One thing to keep an eye on with new builds is your mineral rights. This is a big thing particularly for DR Horton. Originally, we were not made aware of the fact that DR Horton keeps the mineral rights, so we only owned down to 500 ft under our house, they owned everything below that. We were made aware of this at closing and never had time to research it. Well it came out later that there were issues with the ethics behind this because they own an energy company in Texas who they “sell” the rights to. So everybody in our state ended up getting a separate deed for our mineral rights. With fracking being legalized and becoming more and more popular this is something you want to consider no matter who the home builder is because most new home builders are now starting this practice. Although the equipment wouldn’t be on your property it would be under your house and could cause structural issues as well as contamination including your groundwater. Also, most banks will not finance the purchase of a home without mineral rights. So down the line when you go to sell your home your buyer’s bank may not agree to finance that house.
Post # 5
@MrsUNClover: I am having one build right now in Houston. PM me with any questions.
Post # 6
KB homes and others like it use cheap quality materials that don’t last long. u might as well be buying a trailer house. my husbands friends r contractors and have nothing good to say about KB homes.
Post # 7
@sit1010: I am so glad to hear this! We are building our DR Horton home right now and financing through DHI. Did they pay for all closing costs? My Darling Husband is in commercial construction By The Way. 🙂
OP. I’m sorry, I don’t have any experience with KB as they do not build in OKC, but they did build in our old neighborhood in Texas.
Post # 8
@MrsUNClover: I don’t have any personal experience w/KB homes but have heard similar to PP that they aren’t the best quality materials.
OH…and you’re from my hometown!! LOVE New Braunfels. 🙂 All my grandparents live there still.
Post # 9
No experience OP, but the google results are not pretty…
Post # 10
@MrsMaskatoBe: Yes they paid for all of our closing costs plus they did a one year buydown so basically they paid the equivalant of 1% interest on the first year of our loan which decreased our mortgage payment by $100 for the first year. DHI was AMAZING to work with and there were issues with the cap on our closing costs so they ended up giving us upgrades and paying for part of a fence we were building and stuff to make sure everything was covered.
Just make sure during your walk throughs you document everything. Write it down, have the guy sign it, send it in an email if you have to. We only had issues with one individual but the paper trail was very important. You’ll have the walk through at pre-closing, 1 month, 4 months and 11 months.
And look into the mineral rights thing, this article will give you more information but it’s a local paper so you’ll have to google it for your area. http://www.newsobserver.com/2012/09/10/2332617/dr-horton-to-return-mineral-rights.html
Post # 11
Our current home is a KB construction. It’s about 25 years old now. It’s not like it’s falling down, but it’s not like some of the 100-year old homes that are around. It doesn’t leak or have issues like that. Electrical is all fine. If I had my way, I’d do a complete remodel of the cabinets and counters in the kitchen/bathrooms. Are you concerned about one element or another with the home? Most will provide you a home warranty, so if you have issues, you’d be able to get it resolved.