Reply to Mt Prospect in North Potomac

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[quote=Anonymous][quote=Anonymous][quote]I heard they won’t share info until after you sign...everything is in stages and you won’t see stage 2 until stage 1 is signed. Hope I’m wrong, but that’s what the internet is showing. First you pick your home/lot/structural upgrades...then after signing, you pick your other upgrades like driveway/extra lights/alarm/smart home etc...then after agreeing to that, you go to design center and add your options...it’s not all upfront. That’s what I’m seeing at least.[/quote]

I can't believe that anyone would agree to this. The new developments in the exurbs that are overpriced often do not attract buyers that opt for the upgrades. They are stretched to the max just buying the house and nervous that they are spending way more than the surrounding market. This creates neighborhoods full of builder grade houses that later devalue even more.

A new house will automatically sell for less than you bought it for anywhere other than a red hot market - this area is far from being hot- its stone cold at the higher price end. The reason it sells for less is that no one wants to pay a premium for a used new house. People who want new, want new. People who are looking for a house that is not brand new won't pay a premium they will just a buy a less expensive nicer older house. When add in that surrounding houses all have builder grade upgrades it devalues any of the ones that did upgrade. Upgrades will sorely be for your own benefit, you will never get  much back on resell for them.

The school boundary change which is likely to make this area end up at QO or NW will further drop the value so expensive upgrades are an even worse idea. [/quote]

Boundary change not happening in that location. Travillah elementary is right across the street and they are not busing to NW that's ridiculous. QO possibly but highly doubtful given the numbers. [/quote]

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