The aging home inventory in lower Montgomery County, NW DC and Northern Virginia has created a robust market for new, infill builds in established neighborhoods with older homes. Our team has a thorough understanding of the new home construction process, having represented builders, new home buyers and clients building custom homes. We have experience helping homeowners selling existing homes as land and have assisted builders and end-users with lot acquisition.
There are generally two approaches to purchasing new construction. Buying a spec home is a different experience than building a custom home. A spec home is built on a lot owned by a builder and while a buyer can typically place a spec home "under contract" at any point during the construction process, the buyer does not own the house until construction is finished and settlement is complete.
Some buyers prefer to purchase their own property and work with an architect and builder to construct a home that's uniquely tailored to the buyers' needs and style. While that allows a buyer the opportunity to select the floor plan and all the finishes, that process tends to be more expensive and time-consuming than purchasing a spec home.
We have represented both buyers and builders, and have worked with some of the area's best new home builders: Washington Metropolitan Homes, Potomac Heritage Homes, Castlewood Custom Builders, Douglas Construction Group, Stipp Builders, Haverford Homes, Bethesda Homes, M&M Builders and more. We understand the nuances of financing a new home and have a list of great lenders to recommend.
