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Reply to "Mt Prospect in North Potomac"
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[quote=Anonymous]Purchasing a new construction certainly has its pros and cons and a decision to do so is relative to that person/family's circumstance. The folks who are fairly negative on this thread tend to focus in on one specific issue (school, price, location, etc.). I think when people buy homes whether its $100k or $2 mil, they are making a decision that is best for them taking all into account. For example, not everyone wants to live within the beltway as many people in this part of the county work upcounty or Frederick or want access better access to the ICC (or work from home). As far as schools, the neighborhood is currently zoned for Wooten but all schools are subject to some change, at a minimum, in the long run. Making a home purchase based only off of the school in a county like this (where there is an ongoing talk of re-districting) is risky. If you know you want and like the schools district for this neighborhood, you can probably feel comfortable in having a few years of visibility with it. Also, not everyone has the time or manpower or inclination to get an older home and spend years and money to renovate it to the point that its right for them. The final total may end up being very close to what this neighborhood offers and new construction can all be wrapped into a mortgage versus cash out for post-sale renovations. That being said, buying new construction certainly has its limitations too. This neighborhood has a high price point and buyers have no crystal ball as to whether the neighborhood will appreciate or ultimately feel (this is certainly a risk for early buyers). Additionally, you are at the mercy, to some degree, of the builder, its pricing changes and delay of delivery. The homes in this neighborhood don't all have great lots; however, no one is forced to buy a lot or home here and if something fits your needs and wishes, then have at it! And, there are certainly risks in being the early buyers as you have to deal with construction after moving in, the builder learns from your homes as to architectural and land issues that may only appear once building begins, etc. Again, its all relative and every prospective buyer's analysis (pros v cons, risks v gains, etc.) will differ and, naturally, folks buying at this price point will conduct that analysis. [/quote]
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