HOME BUILDERS JOIN FORCES FOR THE FUTURE
Posted by richportproperties on July 9, 2010
While many Atlanta homebuilders are cutting back operations, two long time successful homebuilders have merged their construction operations to form Richbuilt LLC, a next generation home building company. Richardson Housing Group and Richport Properties Inc. have joined forces to create a full service residential contracting company focused on fee building for owners of residential lots and houses.
With the economic downturn, 140,000 developed lots are currently sitting vacant. The only viable market for these lots is a homebuyer. However, many of the owners of these lots are not in the business of building houses- most are now investors, lenders and even municipalities. With over 70 years of homebuilding experience between the two companies, Richbuilt offers to the owner of the lots a full service residential general contracting operation to manage the communities. The owners get a competitive well built home to sell, Richbuilt gets the benefit of contracting fee income, and the homebuyer gets a quality buying experience from a well staffed seasoned homebuilding company. It’s a win for both sides. “Richbuilt recognizes the paradigm shift occurring in the ownership of developed lots – whether publicly or privately owned, “ says partner Rick Porter. “ Richbuilt has the expertise and knowledge to finish and manage partially completed subdivisions, work with the municipalities to insure code compliance and safety, and build homes and service those homes for owners that don’t have the necessary capacity or expertise. We are in a new era of homebuilding and must develop new ways to service housing customers. Homeowners deserve the warranty and integrity of a solid builder. When the community owner cannot deliver this experience, then we can step in to provide the homeowners the new home they deserve regardless of who owns the lot.”
Richbuilt has the production expertise and capacity to provide contracting services anywhere in the Northeast quadrant of Atlanta from I-20 to Ga. 400. If a builder with reduced staffing owns a house that needs completing, that builder can outsource the construction to Richbuilt. If a developer needs a subdivision completed, Richbuilt can provide development services, updated market studies and house designs based on that study to complete the community. For bankers and investors, Richbuilt can go even further to complete site analysis, determine house compatibility, as well as determine municipality compliance.
Richbuilt LLC draws from the strengths of two very similar homebuilders. Both companies have enjoyed 35 years of success by catering to the quality first and second time home buyer. Both companies have built their reputations on helping to improve the homebuilding industry through activity in over 30 different organizations including being inducted in the Georgia Homebuilders Hall of Fame. Partners Richport and Richardson are both family businesses coming from several generations of brick masons, developers and builders. Allen Richardson’s son, Mark, is the managing partner for Richbuilt. “Combining our two companies to form a next generation homebuilding company is a natural since production is a strength of both companies. By offering a range of contracting services in land development, homebuilding and property management, we are able to keep all of our experienced production personnel employed. That is a lot to say for a home building company today, “ states Mark.
Find out more about the two companies at rhghomes.com and richport.com.
