Single Family New Construction Homes from: $290,000 - $445,000*

* New House Initiative Tier I pre-opening Prices

Tier I Phase I Prices:  $320K - $475K  Tier II  ($500k - $1.5M ) - Tier III ($1.5M+ ) 

"What's the deal on Allotments?"

We source and assemble lots up to 5 years in advance of starting construction so we can plan our Phases and then build & market efficiently.

The lots are later released in small Allotments to investors so they have the opportunity to profit from Phase Price Appreciation.

Your $100 Allotment Fee secures the right to Purchase or Option Allotted building lots when they are called in the future.

There is no selection process for Allotted lots, they are randomly released. There are plan selections available for each lot based on what is compatible construction for the lot.

So with lot Allotments the choice is either Purchase or Option the lot when it has been Called and approved for construction making the Allotment process more suitable for investors and speculators than owner occupants although both are welcome as long as they understand the options and rules.

Each $100 Allotment you purchase will give you the right to Purchase or Option an available new construction lot that has been released and have a House Plan compatible with the lot constructed at the Phase pricing that was in effect at the time you paid your Allotment Fee once the released lot has been Called and approved for construction.

If you elect to purchase your released lot when it is Called you can take it down for immediate construction or defer the construction start date.

If you are deferring the start of construction there may be financing available for your lot purchase and you can schedule construction up to 3 years out at the Phase pricing that was in effect at the time you paid your Allotment Fee.

If you elect to purchase an Option at the current option price when your lot is Called your lot will go to the next Allotment holder and you will be assigned another released lot waiting to be Called.

Current option prices are $100 per each Allotment lot and there are 3 lot price increases per Phase. Each price increase on your lot requires you as an Allotment holder to make a Purchase or Option election.

If you paid your Allotment Fee during the beginning of Phase I, but elect not to take your purchase down until the start of Phase III, you will have paid $700 for your Allotment & Options ($100 Allotment Fee & 6 @ $100 Option Fees) in order to pay Phase I Pricing for your Lot and House that is now valued at Phase III prices.

To illustrate the example above let's take a look at Tier I Phase Pricing and use the lowest base price model in our example;

Tier I Phase Prices:  Phase I = $320K - $475K -

Phase II = $350K - $510K - Phase III = $380K - $550K

That means your $100 Phase I Allotment Fee entitles you to Purchase or Option a base model at $320,000 when your Allotment is called for. You can opt to Purchase the lot or purchase an Option, or your Allotment just expires if you do nothing.

If you elect to extend your option 6 times at the current $100 option price and Purchase at the start of Phase III as noted above; you exercise your Option at your $320,000 Price, but the Phase III Price and Value is $380,000 providing you $60,000 equity in return for your $700 investment.

That's on 1 Allotment over 2 Phases, so you can see why many Clients will pick up the maximum number of Allotments that their tenure as a Client will allow. (and why we limit availability)

The allotment agreements will be sent out after they are completed and payment is in.