A builder may design homes to their standards and meet market demand. The new community would offer a very attractive value proposition that is not currently available in the market with large lots and affordably priced homes. There are several possibilities for a builder to offer multiple floor plans or product segments given the lot sizes and locations of the various lot sizes. For example, a builder may consider two product segments to optimize the potential value inherent in the lots with spectacular views. A wider array of home designs will attract more homebuyers and accelerate absorption.
With a recorded map and finished lots there is no entitlement or development risk for a builder. The ownership will consider a structured sale which may include seller carryback note, phase takedowns or other structure which would enhance a builder’s margins.
Located only 12 minutes from downtown Bakersfield via the recently improved Highway 178, Rio Bravo is an easy commute to the employment areas in Bakersfield.
Rio Bravo is recognized as a desirable community with low density homes, attractive mature landscaping and very apparent pride of ownership
Many residents in Bakersfield are active and enjoy the proximity to mountains, lakes and rivers.
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