Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Mt Prospect in North Potomac"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][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] You make good points. TBH, I think for most of the folks that buy these homes - they couldn't care less about the possible rezoning. It's a nice area and the prices are pretty much the going rate for newish type of homes in the area.[/quote] +1 for the most part, though wouldn't go so far to say couldn't care less about rezoning. We were deciding between Mt. Prospect and another TB community in HoCo (though disclaimer, went other one). We targeted Howard County and Montgomery County because the schools are generally strong in both counties even with the ever-present threat of redistricting--a threat that, of course, exists whether or not you buy new. Wanted a new build because we knew we didn't want to fix something up AND as long as we have room for a patio for grilling and lounging, didn't care at all about lot size. Also loved the idea of being able to pick out at least some of our finishes, ect. When it came to location, we both have very stable careers with flexibility to work from home a good deal so for us as soon we decided to leave the District (which was a mental battle!!) there was no draw to staying within the beltway so further out was a-OK for us. Could have bought for a fair amount cheaper in either the MoCo or HoCo areas we were looking in if we had gone with an existing home--but every open house we went to, we discussed all we'd want to change. Buying new gave us a mental break from that for at least a few years while focusing on other long-term spending goals. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics