There was a time when most subdivisions or new communities featured homes constructed by only one builder.
The downside of that approach soon became obvious. Many of the earliest planned communities -- such as Long Island’s Levittown -- were built to meet the crushing demand for housing that occurred during the post-war era, when 15 years of deferred home building, GIs with VA loans and the infamous Baby Boom created a perfect storm of a housing shortage.
To meet the unprecedented demand, builders like the Levitts built as many homes as quickly as possible, often putting up dozens of homes each day. The result: rows and rows of identical, cookie-cutter homes straight off the assembly line.
Even today, many smaller subdivisions still offer home buyers just one builder -- a decision that at times backfired when the bottom fell out of the real estate market in 2008. When some builders went out of business during the recession, towns like Oak Brook, Wisc., found themselves with unfinished subdivisions lacking basic infrastructure, such as completed roads.
The Choice is Right
Learning from these experiences, today’s master-planned communities typically offer home buyers numerous builders from which to choose. In addition to creating a more stable community -- the loss of one builder won’t sink a community that features dozens of other options -- having multiple builders offers buyers a wide range of home sizes and styles. This variety ensures that new master-planned communities feel more like established neighborhoods -- with a mix of home styles -- and less like cookie-cutter subdivisions where all the houses look the same.
The diversity of builders also offers buyers new homes in a variety of price points. In Nocatee’s Greenleaf Village neighborhood, for example, buyers may choose from homes with two to five bedrooms ranging from 1,400 to 4,400 square feet. Homeowners may also opt to have two to four bathrooms and two- or three-car garages, with home prices ranging from the $200s to the $400s.
“Buyers tell us they’re drawn to Nocatee because they can choose from more than a dozen different home builders, each with its own unique style and design elements,” says Richard Ray, managing partner of The PARC Group, Nocatee’s developer. “They also appreciate the ability to customize various elements of their new home. People don’t want to live in a neighborhood where everyone’s home looks exactly like theirs -- they want to be able to customize their home so that it reflects their own wants, needs and personality.”
For more information on Nocatee’s builders, visit the Nocatee Welcome Center or call 1-800-NOCATEE.