Builder Bankruptcies Bringing Out Some Anxiety?
An interesting story came up on National Public Radio (NPR) the other day about the growing lack of confidence consumers are having with homebuilders due to the increasing number of bankruptcies and dire financial news. While this is an alarming trend, especially with larger, higher-profile builders, it’s also an important lesson to be aware of.
Ferris Homes is a family-owned builder that judges the economic viability of each of their projects and works with individual buyers one-on-one to accommodate their needs and financial situation.
When Andrew Ferris and his wife, Susan, were in the market for a new home over a decade ago, they found that the homes in the Chicagoland housing market lacked the standard of quality and attention to detail that Andrew learned working as a laborer, finish carpenter, cabinet maker and remodeler. This nagging realization culminated in the idea that became the guiding mission of Ferris Homes — to provide quality, well crafted homes on time, within budget and for the best price.
What resulted was a homebuilder that was also a smart business and that foresight, cautiousness and attention to details is paying off with a builder that is stable and poised for future opportunities.
If you’re interested in discussing what it means to live in a Ferris home with Drew or one of our expert consultants, simply schedule an appointment at your convenience. You’ll find Ferris is one builder who’s withstood the test of time and has plans to continue doing so.
Tags: bankruptcy, financing