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Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I was trying to buy a home here, but I am not sure anymore. My contract itself is going to be over 2.9 million for the Kalorama (2 million base, 125k+ lot premium, 500k structural options, 300k design options). After I move in, I would finish the media room, and gym and do built-ins in the study, loft, etc. + moldings along with the backyard like the model and a pool. That's 400k right there (3.3 million total) + furnishing the home. Idk, I think that is quite expensive for a modern yet very nice McMansion (I am buying this house so I have the right to call it what it is lol) just for the community (which is my main motive for purchasing here). I have recently toured 3+ million dollar homes, and they are generally far prettier in Mclean, Great Falls, Bethesda, and Potomac. These houses in mp with the backyard, built-ins, molding, model home finishes, etc, at 2.7 makes sense. But a 500-600k premium? Idk if it is worth it anymore. The value, regardless, will drop (so if I buy it at 3.3, maybe in 10-15+ years, I will be able to sell at 3ish), and if it is rezoned, maybe 2.8ish. That seems like a bad investment compared to other homes I see on Zillow or building my own home with another builder on a lot I buy. I don't care about the price that much, but I feel I can get better value elsewhere. I am not saying it was always a bad investment, as people who bought early on did not spend more than 2.5-2.7 on the home itself (all palatines where under that number and had the floating stairs and more outdoor living, stuff the kalorama lacks). Even the Parkhurst is probably fine as the house wont cost THAT much as they never upped the price and those lot premiums tend to be less. Maybe the issue is I am wanting something like the model house after paying so much. Maybe people are only taking 50-250k in the design center or not taking the grand multigen and 4 car garage and other upgrades to keep the cost down. And there is still bidding on all the homesites, which I think is wild. Maybe the reviews of toll brothers are right haha [/quote] Who would spend $3M here when you could buy in Bethesda or Potomac?[/quote] Who would be so narrow minded that they cant see any other perspective than their own[/quote] The perspective of fools and their money? :lol: [/quote] They can afford 3 million dollar houses with or without you worrying about their money[/quote]
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