Reply to Mt Prospect in North Potomac

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[quote=Anonymous][quote=Anonymous]Kolorama will probably bring the price tag similar to Virginia…may be better to buy what’s available from a financial standpoint than hold out.[/quote]

I dont think so. We will have a major home market crash in the near future. By the time phase 2 is out, they will need to offer big discounts. If you build a parkhurst rn on the available lot, it would cost 2.6 million for fully something fully upgraded like the previous palatine model. 1.84 base, 400k in design, 65k homesite premium, 300k in stuctural. After that of course we would want a finished backyard and woukd spend another 100k on that. So 2.7 million for north potomac which is a lot of money for us. And not that we cant afford it. If we were to try and sell a house at that price after any amount if time I wont get 2.7 million for it. Probably 2.2-2.3 million. Meaning  I will have a 400-500k loss.

The sales team in planning for quick move ins for phase 2. These will allow them to give free structural options without giving a discount on the base price. I hope by then I can get a kalorama for 2.3-2.4 million fully upgraded. [/quote]

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