A Cincinnati-area home builder is expanding to Indianapolis in hopes of selling as many as 200 homes this year.
Fischer Homes Inc., a privately held company based in the Cincinnati suburb Crestview Hills,
Ky., is building in 17 communities around Indianapolis and plans to open an 8,000-square-foot design
center at its local headquarters southeast of interstates 465 and 69.
“We think Indianapolis
is a great market with tremendous potential,” Fischer President Bob Hawksley said in a statement.
The fast-growing
company entered the Columbus, Ohio, market in 2008 after buying subdivisions from retreating builders.
Fischer is using the same strategy to establish a foothold in Carmel, Westfield, Zionsville and Avon.
Several
top players in the central Indiana residential market have folded in the last few years, including Davis Homes and CP Morgan
in 2009. National player KB Home exited the market in 2007.
The local Fischer unit will be led by Tim McMahon,
who previously ran the Indianapolis division of Centex Homes.
Fischer has built about 15,000 houses in Greater
Cincinnati and Northern Kentucky since 1980. Its houses in the Indianapolis area will range in price
from about $140,000 up to the $650,000 range.
Meeting its goal of selling 200 houses would
place Fischer among the market's top new-home sellers. Only three builders, Beazer Homes, Ryland Homes
and Arbor Homes LLC, built more than 200 houses locally in 2008.
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He stayed in contact with us almost weekly throught the construction process with updates. They have also been fairly proactive after closing with some minor things that came up, which is something that I was worried with. Satisfied with the quality of workmanship throughouth.
Very professional company being run here in Indy. Most of their employees seem to have come from other builders in the area.
Once we signed the contract and handed over the good faith deposit, the sales rep and the rest of the company became ghosts. So much for good faith! They had our money and we had questions... that were never answered.
They estimated our monthly payments on programs we didn't qualify for and expected that we would be ok because we could possibly qualify before closing. We were promised a reduction in home price or interest rate, but when it came down to it, neither happened.
If I would have seen this comment before we looked into them, we would have never thought about Fischer for a moment.
Now we are without a house and dealing with the runaround.