After reading several comments on here and other review sites about LGI, I felt that I might shed some light on this subject.
When I went to talk to a sales rep. I was open minded.
After filling out a paper allowing them to see my credit report and scores, they asked me what I was wanting in a home, I told them the usual, large kitchen, nice bath, large closet space and stuff.
When they seen my score they were pleased to say that I could close on a home within a few months. My credit isn't bad but not strong either, but strong enough to get me over the magic # of 640.
We went to look at a just completed built 3 bedroom 2 bath home. I must say the home was very nice.
The master bath was nice with a large walk in closet and Garden tube. The shower stall was a little disappointing seeing it had a shower stall instead of the it being tiled. I wasn't to thrilled seeing such a bright white carpet, but that is just my preference, I tend to like a darker shaded color of carpet due to foot traffic and staining. Would rather see hardwood flooring or tiling be done in major walking areas.
After seeing the home, I was told about the warranty witch is a 1 year mechanical and 10 year structural. in other words, All the plumbing, door fitting, electrical functions are covered for one year. Foundation, framing, roofing, brick work and foundation cracking and such are covered for 10 years.
Once my questions were answered and seeing the home, I gave them the 500 dollar gratuity to lock in the sale price of the home, no matter how long it takes me to get my credit score to 640 or if the price of homes begins to rise in the area, my 500 dollar gratuity locks the price quoted to me in place, they can not work their way out of the deal unless they buy the gratuity back.
All in all, I thought the experience was professional and informative.
Would I recommend others looking for a home to talk to LGI?
My answer would be, It depends on what you are looking for, If you are looking for a home to stay in for longer than 5 years, I would recommend them, but if you are wanting to flip a house or buy one to resale in a few years, I would not recommend it.
These homes are made to sell to those who want to stay in for a long period of time, they are not built for short term investment, or in other words, house flippers and home hoppers will not make much money in these homes due to the development of new homes being built in the area.
Product or Service Mentioned: Lgi Homes House Construction.
Monetary Loss: $500.