Mt Prospect in North Potomac

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I just found out Toll Brother's model home in Arden Great Falls has an asking price of $4.5 million. The base floor plan of the same model is $2.5 million. Did they really put $2 million worth of options and upgrades in the model home? Is this the typical amount of money someone needs to spend to make a standard Toll Brothers house to look like a model home? I'm wondering how much the models at Mt. Prospect will sell for.

That is absolutely mad.

$2m in options/upgrades?! Let’s pretend for a moment that they added every structural option available by TB. Then let’s say that they had wood floor (or LVP) in the entire house. All lighting upgrades, etc. my guess is that will run you 600-700k? Landscaping another $100k. After that my guess is that TB’s designed did some one-off designs that they inflate the price on. Either way, I’m trying to get there and I’m having a hard time
Understanding how they got to that number

They don’t expect to sell it at that price. I’m not defending it, but models are typically listed at silly prices. Model homes and quick deliveries are really the main ways to get a good deal on a new home by a builder like TB.

I do wonder how much wiggle room there is to negotiate a quick delivery. Is that where not having an agent CAN help?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I just found out Toll Brother's model home in Arden Great Falls has an asking price of $4.5 million. The base floor plan of the same model is $2.5 million. Did they really put $2 million worth of options and upgrades in the model home? Is this the typical amount of money someone needs to spend to make a standard Toll Brothers house to look like a model home? I'm wondering how much the models at Mt. Prospect will sell for.

That is absolutely mad.

$2m in options/upgrades?! Let’s pretend for a moment that they added every structural option available by TB. Then let’s say that they had wood floor (or LVP) in the entire house. All lighting upgrades, etc. my guess is that will run you 600-700k? Landscaping another $100k. After that my guess is that TB’s designed did some one-off designs that they inflate the price on. Either way, I’m trying to get there and I’m having a hard time
Understanding how they got to that number

They don’t expect to sell it at that price. I’m not defending it, but models are typically listed at silly prices. Model homes and quick deliveries are really the main ways to get a good deal on a new home by a builder like TB.

I do wonder how much wiggle room there is to negotiate a quick delivery. Is that where not having an agent CAN help?

We never ended up doing it--always wanted to be the ones to pick our own options, but from friends, this is where you can make out quite well. The builders are eager to unload them and its much more similar to an existing home negotiation when it comes to an agent.

[Anonymous]

What are the options in the quick delivery home? Anyone know? I can't get through the sales team. Seem like a deck is there.

[Anonymous]

Anonymous wrote:What are the options in the quick delivery home? Anyone know? I can't get through the sales team. Seem like a deck is there.

They make it impossible to find out online except for some extremely general language.

[Anonymous]

You know, I looked around and was so discouraged by the poor quality. Also, the schools are very likely to be redistricted and so anyone with school-aged children should be very aware of that issue.

[Anonymous]

Anonymous wrote:You know, I looked around and was so discouraged by the poor quality. Also, the schools are very likely to be redistricted and so anyone with school-aged children should be very aware of that issue.

Please explain what the poor quality was?

[Anonymous]

Anonymous wrote:You know, I looked around and was so discouraged by the poor quality. Also, the schools are very likely to be redistricted and so anyone with school-aged children should be very aware of that issue.

I disagree...it may be overpriced, but the quality is top notch. Shaw floors, Kohler faucets, steel garage doors, Silestone counters, Jenn-Air, Chamberlain, Trex, Lutron...what more do you want?

[Anonymous]

Anonymous wrote:

Anonymous wrote:You know, I looked around and was so discouraged by the poor quality. Also, the schools are very likely to be redistricted and so anyone with school-aged children should be very aware of that issue.

I disagree...it may be overpriced, but the quality is top notch. Shaw floors, Kohler faucets, steel garage doors, Silestone counters, Jenn-Air, Chamberlain, Trex, Lutron...what more do you want?

Kohler is a good company, the other companies you named are cut rate.

[Anonymous]

I walked through a new construction TB spec home last month in Olney. It was quite a large home but for never having been lived in, I was astonished at all the signs of settling. Various cracks and gaps in the wood work. I noticed that with the Wormald single family homes in Crown too.

[Anonymous]

Anonymous wrote:I walked through a new construction TB spec home last month in Olney. It was quite a large home but for never having been lived in, I was astonished at all the signs of settling. Various cracks and gaps in the wood work. I noticed that with the Wormald single family homes in Crown too.

Huh? Which one in Olney? They aren’t selling any in Olney. I think the closest location would be their community in Dayton, MD about 20 minutes away in Howard County.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I walked through a new construction TB spec home last month in Olney. It was quite a large home but for never having been lived in, I was astonished at all the signs of settling. Various cracks and gaps in the wood work. I noticed that with the Wormald single family homes in Crown too.

Huh? Which one in Olney? They aren’t selling any in Olney. I think the closest location would be their community in Dayton, MD about 20 minutes away in Howard County.

I can't remember the street name. It was a newer community near Good Counsel but this particular home was one of the last built. I want to say the street name was near Seabiscuit (??). But I agree, there was no model home or anything. In fact I do remember touring the model for that area but that was a very long time ago.

[Anonymous]

All homes settle. That is a natural process of every single new build constructed on land using wood frames. That is why most builders provide a 1 year warranty to fix those types of issues that will arise.

[Anonymous]

Anonymous wrote:I walked through a new construction TB spec home last month in Olney. It was quite a large home but for never having been lived in, I was astonished at all the signs of settling. Various cracks and gaps in the wood work. I noticed that with the Wormald single family homes in Crown too.

Really? I had the pleasure of walking through one (friend of a friend) earlier last year - they had bought at the beginning. I was impressed with the overall build quality - much better than TB. I'm specifically talking about the SFHs. I thought what you get for the price blew the TB stuff out of the water, imo.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I walked through a new construction TB spec home last month in Olney. It was quite a large home but for never having been lived in, I was astonished at all the signs of settling. Various cracks and gaps in the wood work. I noticed that with the Wormald single family homes in Crown too.

Really? I had the pleasure of walking through one (friend of a friend) earlier last year - they had bought at the beginning. I was impressed with the overall build quality - much better than TB. I'm specifically talking about the SFHs. I thought what you get for the price blew the TB stuff out of the water, imo.

Just saying I love, love Wormald designs--much more than TB. I did walk through one of the SFHs up near Frederick and noticed a lot more settling/gaps/cracks than I had seen in NV Homes or TB--but those homes are in the 600s/700s so obviously just an entirely different price point.

I've been in a few TB homes a few years after they were built, owned by friends. I haven't seen anything shocking or that gave me pause before signing our own contract TB. Unfortunately, there is always a bit of a "roll the dice" aspect to building new, as so much comes down to the contractors and site managers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I walked through a new construction TB spec home last month in Olney. It was quite a large home but for never having been lived in, I was astonished at all the signs of settling. Various cracks and gaps in the wood work. I noticed that with the Wormald single family homes in Crown too.

Really? I had the pleasure of walking through one (friend of a friend) earlier last year - they had bought at the beginning. I was impressed with the overall build quality - much better than TB. I'm specifically talking about the SFHs. I thought what you get for the price blew the TB stuff out of the water, imo.

Just saying I love, love Wormald designs--much more than TB. I did walk through one of the SFHs up near Frederick and noticed a lot more settling/gaps/cracks than I had seen in NV Homes or TB--but those homes are in the 600s/700s so obviously just an entirely different price point.

I've been in a few TB homes a few years after they were built, owned by friends. I haven't seen anything shocking or that gave me pause before signing our own contract TB. Unfortunately, there is always a bit of a "roll the dice" aspect to building new, as so much comes down to the contractors and site managers.

Thanks. I was the QP that discussed Wormald Crown, I forgot to mention that the friend that owns it talked to me about the build process and a few years post move in, had not seen any settlement issues. Not sure if this is just anecdotal/bias or the fact that Wormald has different standards/subs for their builds.

I was weary of the TB builds but was somewhat more assured by folks that swore that TB premium builds use better subs and construction methods and the products are better. As mentioned, I was underwhelmed when touring the Hamlet and Orchard compared to touring the Wormald SFH in Crown. The TB felt flimsy (floor would bounce a bit).