Teravista-Standard Pacific Builders (Austin: foreclosures, new home, neighborhood)

[jayanthan3]

We are planning to buy a new home in Teravista community from Standard Pacific Homes.Model Rosewell with 2917 sq ft. The price is around 250,000, and extra 20,000 for the golf coast view. Anyone have any experience with Standard Pacific builders? and do you think it’s good idea to invest extra 20,000 for golf coast view?

[Zzyzx]

Originally Posted by jayanthan3

do you think it’s good idea to invest extra 20,000 for golf coast view?

Years ago my brother bought a house with a golf course view. He had every window except the patio door window broke in the first 3 years. They never went out in the backyard during the day because of the potential of getting hit by golf balls.

I asked him why he would subject himself to this and on top pay extra for it. He said it was a good investment

[achtungpv]

When they first moved to Austin, they bought out the builder that developed the subdivision my first home was in, built out the last dozen spec houses and then promptly slashed the prices on them by 40% to close out the subdivision. That killed the comps in the neighborhood, dozens of foreclosures followed, and the neighborhood never recovered. It's not the only reason the subdivision went sh*t, but it was a big one. I'll never buy one of their houses because of that.

[jwb123]

I wouldn't pay $20k for a golf course view.

A builder in my golf course community was charging $5-10k lot premiums for the homes backing to the golf course. I can see charging that. Not $20k.

[flygirlphd]

Has anyone here recently built with Standard Pacific in Teravista? If so, how did it go? Also, has anyone used them for their mortgage?

I like the company and floorplans, but am worried about their current financial situation!