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Real Estate
Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am interested in the ridgeview model, but base price of $1.425m seems quite high given the risk of school change. that will easily run to $1.8m with options. I am wondering if they would provide some type of protection to phase 1 buyers if the school changes and they drop prices in phase 2 and 3[/quote] That is a bizarrely high estimate for options and would be a very poor investment. Options should total no more than 100k, and you can easily stay under that number. If you go over by that much, you’ll have the most expensive house in the neighborhood with little to show for it. [/quote] I have no idea how much the options will cost. I want the options below and there is no way 100K will be enough: Luxury Outdoor Living Space and Gas Burning FirePlace Multi-panel Stacking Doors Grand Multi-Generational Suite Addition, Prep Kitchen Three Car Side Entry Garage Ultra Shower Finished Lower Level [/quote] For those options I think you are correct in your price estimate. When is your appointment? Not sure all the lots can accommodate those options...hopefully you have an early appointment?[/quote] Oof. Just...build a real custom home. You’ll never recoup those costs in a development like this if you need to sell. [/quote] With the exception of the prep kitchen, aren't these what people typically get? I have visited multiple TB models and I see these options [/quote] No, these are not typical—but are often in the models, absolutely. I recently sat down with a TB rep, and virtually no one in that development, for example, had added the gas fireplace outside and only a little over half had done the outdoor living space. Similarly, most do not do a suite addition (an additional bedroom is a little more common) or certainly prep kitchen. I didn’t ask about the garage but in the neighborhoods I’ve visited by TB, have very rarely seen the side entry. Basements more common, but even then typically only the rec room as opposed to the full bed/bath. And before folks ask, yes, this was for a neighborhood in the price range as Mt. Prospect. I’m not trying to be obnoxious or anything, but would really talk to a realtor about what is normal for upgrades. You don’t want to be stuck with a home that is 400k more expensive than your neighbors...it just doesn’t make sense. Indoor fireplace, sliding doors, and bathroom upgrades more common. [/quote]
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