There are some new residential building projects underway, after a few years of a very slow market for new homes. It seems that housing development is returning. New home construction in Frederick Md is reaching levels we haven’t seen in several years.
More than 500 homes are in the plans at Westview South, a new community coming from Mitchell & Best Home Builders, a Rockville Maryland company. Located on Buckeystown Pike, near New Design Road, south of Westview Mall. The community will be a mix of three- and four-level town houses, condominiums and houses, with prices ranging from the low $300,000’s to mid-$400,000’s.
There are 518 approved homes – 122 single-family homes, 178 townhouses and 218 Condos. Construction will begin soon, with models open in the Spring. The homes are not in the city limits, so no city taxes. The community will include a clubhouse and a swimming pool.
Canterbury Station in Frederick City
The beginning stages of a new development of as many 300 units can be seen from East Street, and 16th Street. In late 2007, the first stage of a development of 546 homes was partially approved, called Canterbury Station. This phase was to be 144 homes, including townhouses, single-family homes and condominiums.
Late last year, Millennium Resource Engineering finalized the subdivision plat with the City of Frederick, according to city records. The builder is Parkwood Homes.
Given the inventory shortage we are experiencing in Frederick Md, new development is seen by most in the real estate industry as a good thing. The housing inventory is currently under the number considered a balanced market. (2015)
It appears that Canterbury Station will extend from Fredericktowne Park, around to the area behind Northampton Manor Health Care Facility, possibly as far as the area behind The Banner School. The public schools in the area are North Frederick Elementary, Governor Thomas Johnson Middle School, and Governor Thomas Johnson High School.
As the east side of the City of Frederick starts to see growth and investment, we expect more communities to be developed. The opening of the long-awaited Monocacy Blvd. will allow for more growth.
Also on East Street – East of Market Apartments
The new rental apartment complex on East Street, from approximately 10th Street to 14th Street, is East of Market Apartments, 1 and 2 bedroom apartment homes are modern, energy efficient, LEED certified with garage parking, pool and business center.
New Home Construction Frederick Md
New home construction is taking place in many communities throughout Frederick County. In the City of Frederick:
- Villages of Urbana – Ryan Homes and NV Homes are building in Townhomes in The Villages. Parkwood Homes is building single-family homes.
The Frederick County Planning Commission unanimously approved the concept for a site development plan for a Village Center just south of Urbana Elementary School. Casabella, as it stands now, would include development of three buildings. There would be 8,550 square feet of office and retail space and one apartment building, according to staff reports.
- Ballenger Creek – At Linton at Ballenger, Drees is building single-family homes, Ryan is building Townhomes. Coming Soon is Manors at Ballenger, a D.R. Horton build.
- Clover Ridge – Drees and Dan Ryan are building single-family homes.
- Towns at Maxwell Square – Completed mid-2016.
- Worman’s Mill – Wormald is building Wellington Villas
- Market Square – Dan Ryan is building townhomes
- Canterbury Square – Parkwood Homes
- Eastchurch – A new community is in the first phase, by KB Home, Wormald, and Richmond American Homes, on East Church Street. Single-family, towns and condos.
Buyer Representation for New Homes
Did you know, when purchasing new home construction, buyers can have their own buyer representation? The real estate agent at the builder’s model home is the seller’s agent for the builder, representing the interest of the builder.
As a buyer, there are advantages to having your own buyer’s agent to represent your interests. Most builders, but not all, have built-in costs that cover the Realtor’s commission.
- The cost to the buyer is zero, so why not have representation?
- Realtors who have experience with new construction know the questions to ask along all the phases of the build.
- The buyer’s agent can help you interpret and understand the contract.
- The Realtor can do a non-biased market analysis, one important and often overlooked item in new construction. Tip: Someone purchasing new construction needs to be dedicated to staying in the neighborhood for 2-4 years after the builder closes out, especially if the new buyer only puts 10% or less down. The builder basically controls the value of the home until the neighborhood is closed out.
- Many things are negotiable, whether the builder offers or not. Using an experienced buyer’s agent can be a benefit in any negotiations. Agents negotiate every day as a part of their job. How often do home buyers engage in negotiations?
- Market conditions greatly dictate a builder’s incentive to make deals. A buyer’s agent can help you know when market conditions are right for these benefits.
Different States, Different Laws
In Maryland, laws concerning real estate licensing require that sales agents for new home builders have a Maryland real estate license, as of Oct. 1, 2007. (There are some exemptions for custom home builders.) Maryland is a consumer advocacy state. Issues of Agency Representation are there to protect consumers in Maryland, one of the first states to enact real estate agency laws in the early 90’s.
If you choose to work with a buyer’s agent on a new construction home, make sure your agent is experienced and will work for you. There are always stories of agents who did nothing but pick up a check, make sure your agent is not one of them.
Contact Chris Highland for buyer’s agency on new home construction Frederick Md: 301-401-5119 – Cell