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Lennar Measures Home Value Per Square Foot In Bakersfield

Date: 08/10/2009 | Bakersfield

Cantabria, Bakersfield, CA

Cantabria, Bakersfield, CA

How do you measure a great home? Lennar starts by giving the most value per square foot, like their 1,479-square-foot single-story home starting at $175,000 and featuring a flowing and open floor plan with a gourmet kitchen, great room and a large, secluded master-suite. Throughout July, Lennar is offering the best values on floor plans like this one so all potential homebuyers can jump into the housing market and see why Lennar homes are the measure of excellence. 

Conveniently-located near the recently-opened Granite Point Elementary School, the three-bedroom, two-bath home at Lennar’s Spring Place Community is ideal for the new family. The highlighted floor plan features a breakfast nook, a formal dining room, a large master bedroom with walk-in closet, and vaulted ceilings.

Lennar’s unique added value is seen in the already-included extras, such as the washer, dryer and refrigerator, front and backyard landscaping, and a pre-installed gas stub ready for a built-in barbeque in the backyard. These amenities, already included in the home’s purchase price, are part of Lennar’s commitment to giving homebuyers the most value per square foot—other homes just can’t measure up.

In Bakersfield, Lennar offers six different communities, starting as low as the mid $100,000s. Homes range from 1,269 to 2,689 square feet with three to five bedrooms.

But rather than driving all over town, homebuyers are able to view all six Lennar Bakersfield communities at the Lennar Home Showplace at 8700 Stockdale Hwy. The first home preview center of its kind, the Showplace allows homebuyers to review 35 different floor plans and exclusive resident-only recreational amenities in one visit.

All Lennar homes feature top quality, great community, a solid warranty, low pricing and a hassle-free closing process so homebuyers can spend less time buying and more time living.

Low pricing, homebuilder incentives and government tax credits have provided potential homebuyers with many reasons to purchase a home now. According to the Housing Opportunity Index, compiled by the National Association of Homebuilders and Wells Fargo Bank, housing prices are at their most affordable level in two decades.

“Time over time, buying a home has proven to be the better choice; homebuyers build equity, get significant tax deductions, and have the added benefit of price appreciation,” said Gary Grumbles, Lennar Bakersfield Division President. “A new home maintains a high resale value, needs no repairs or remodeling, comes with a builder’s warranty, and is built with the latest and most efficient energy requirements—other homes just can’t measure up to the benefits of a Lennar home.”

In addition to low pricing, first-time homebuyers are taking advantage of an up to $8,000 federal tax credit that can be used toward a down payment or to cover closing costs††‡. In California, homebuyers who purchase a Lennar home are eligible for a new home tax credit worth up to $10,000**‡. Not only can homebuyers save big on their brand new home, but they can help stimulate their local economy as well. However, homebuyers must act quickly as the federal tax credit has only been approved until Nov. 30 and more than XX% of the funds allocated for the California tax credit has been claimed.

Historically-low interest rates are also being offered by Universal American Mortgage Company of California, Lennar’s preferred lender, and select Lennar communities are offering extra incentives such as low closing costs.

Unlike other previously-owned properties, Lennar homebuyers are the first residents to move into their brand new home. There is no waiting, liens or structural problems and most Lennar homes come equipped with brand new flooring, new appliances, new cabinets and fresh customizable paint. And with 55 years in the homebuilding industry, Lennar is a solid brand with a warranty a homebuyer can trust.

Celebrating its 55th anniversary, Lennar has grown to become one of the nation’s leading homebuilders. With hundreds of Communities nationwide and homes designed for first-time, move-up and luxury homebuyers, Lennar has long distinguished itself by simply including everything as standard under its motto, “Everything You Want, Everything You Need, That’s the Logic of Lennar®.”

The Lennar Show Homeplace is open Monday through Thursday 10 a.m. to 6 p.m. and Friday through Sunday 10 a.m. to 5 p.m. For a complete list of Communities in your area, call (661) 836-8601.

For further information about the Federal tax credit visit FederalHousingTaxCredit.com and for information about the State of California tax credit visit, ftb.ca.gov/individuals/new_home_credit.shtml.

Buyers are encouraged to speak with their tax advisor and check out helpful links and resources on http://lennar.com.

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**‡ Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the California tax credit or that funds will be available at close of escrow. Credit is subject to 2-year ownership and other requirements. ††‡ Federal tax credit is for any individual (excluding a non-resident alien) who has not owned a principal residence during the past three years and is purchasing the new home as their primary residence. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Tax Credit is subject to 3-year ownership requirement. Offer good for a limited time only. Lennar reserves the right to change or withdraw any offer at any time. Offers, incentives and seller contributions are subject to certain terms, conditions and restrictions, which may include use of designated lenders and closing agents. Prices are subject to change without notice. FHA jumbo loans not permitted. Monthly payment shown include monthly mortgage insurance, based on FHA 30-year with a buydown 3.5% down payment and sales price $150,000 with 1st year payment at 2.50%. 2nd year 3.5% and 4.50% (4.94% APR) 3-30 years and payment shown do not include property taxes, homeowner insurances and/or HOA fees. †Specific terms apply and buyer is subject to qualification that includes, but not limited to, a minimum of 3.5% down, a minimum credit score of 620, owner occupancy requirements and/or any changes in investor guidelines or programs. Stated dimensions and square footage are approximate and should not be used as representation of the home’s precise or actual size. Lennar Homes of California, Inc. – License No. 728102. Lennar Sales Corp. – Broker. UAMC of CA, an equal housing lender is licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. All rights reserved. 6/09

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