Jim Walter Homes Floor Plans And Prices

October 28, 2022

5 bedroom/3 bath with living room and den This home is a 32x80 with an open layout. It has a jack and jill bath plus another separate bathroom and freezer [...]

Jim Walter Starts Down New Path

Jim Walter embarks on a new path

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Jim Walter Homes, best known for building low-cost homes for people who already own land, is redefining its business model to reach more of the affordable home market. In addition to building "on your land", the business plan now includes land and house financing packages; speculative homes (those not built for a specific buyer); and small subdivisions in targeted locations in 15 southern states. “Until last year, the majority of our business was in the standard Jim Walter market, where customers own their own property and we build the home,” said Brenda Scrivner, district manager for Tulsa, Oklahoma. City and Fort Smith, Ark. ., markets. However, because Jim Walter only sold houses to people who owned their land freely, she said, he had to turn away prospects who had land that wasn't paid for or had no land. ground. Ten years ago he asked Jim Walter to build a house on 16 acres. Last fall, he and his fiancée, Michelle Yocham, decided to give it a try and ended up taking advantage of the company's new land and home financing plan. The number of potential buyers who already own land "has gone down," said Jim Walter spokesman Kyle Parks. So two years ago, Jim Walter started Walter Mortgage Co. to handle both land and home financing, including paying off existing loans on a buyer's land if needed. Since founding the mortgage company in August 2001, Jim Walter has completed seven land deals in the Tulsa area. While the number might not seem like a lot, it's enough to rank Tulsa in the top five markets for the company's new service, Scrivner said. 1 in credit application submissions under the land and building finance program, she said. Two months ago, the company launched a multi-million dollar marketing campaign to dispel the misconception that Jim Walter sells manufactured homes and to advertise the company's new services. In Oklahoma, two specific homes are currently under construction in Inola, just east of Tulsa, a 1,470 square foot home with three bedrooms and two bathrooms and a 1,892 square foot home with four bedrooms and two bathrooms. House prices will range from $130,000 to $150,000 for Jim Walter, whose average cost is $63,000 excluding land, which adds $10,000 to $15,000 to the price. But spec homes include amenities not typically seen in homes on your business lot, such as landscaping, garden tubs, security systems, and garages. The houses on your business lot are completely finished on the outside, but the interiors range from unfinished shells to houses that only need landscaping, a driveway, and a garage. Last year, Jim Walter also began developing smaller subdivisions, including a 22-home development in Brookwood, Alabama, and a 100-home development in Houma, Louisiana. feet in response to increased demand for larger homes.