Скачать или смотреть STOP Making These New Construction Home Buying Mistakes in DC

The TRUTH About Buying New Construction Homes in Washington, DC)

There used to be days where if you wanted a new construction home, you went to one of several builders in the area and purchased a home in a subdivision. In the 90’s and 2000’s, people moved farther out to chase affordability and new construction. Then the 2008 bubble happened, and as people started realigning priorities, there was a shift to want to be closer to the city. Citing quality of life, i.e. less time in the car, people started moving back.

Then the market got better! And then there was Covid! And then people started moving all over the darn place. Regardless, the landscape of new construction and what that entails has changed drastically over the past 20-30 years in the DC Metro Area.

What you will find are mini communities with 4-5 houses clustered together in what developers call “infill” lots. You won’t see communities with 50-100 homes until you get much further from the city.
That said, there are a couple different markets in which you can purchase a new construction home.

Subdivisions in the Suburbs
Things to know: Yes, you can bring your agent with you to these communities and yes, the builders will pay their commission. You should have an agent who is familiar with working with these large regional or national builders. Why? Because they can tell you the traps when buying new construction. Builders don’t make a ton of money on the base house, they really make their money with exorbitant markups on options and upgrades. Some are worth it, some are not.

Smaller Communities
Things to know: Yes, you can bring your agent with you and usually the builder pays the commission or some portion of it. Smaller builders are generally more flexible with you and view you as a client, not just a customer who can “take it or leave it” when it comes to their product.

Teardowns
Things to Know: Finding the house on your own can be a full time job. This is why builders make a really great profit when they purchase the home and then rebuild a new home on the lot. This isn’t something you can find publicly listed, it typically entails door to door visits, phone calls, and lots of personal conversations with people to find a home.

New Construction in DC

You won’t see many teardowns in DC though they do exist. Often the homes are renovated in a “down to the studs” fashion. For some reason it’s become common to call these people “Developers” but I take issue with this. They aren’t developing anything. My smarty pants husband is a true developer. He brings in utilities, fights for zoning, has to improve other amenities in the neighborhoods, kisses the adjacent neighbor’s asses who, even though they don’t own it, thought that field outside their living room window would stay empty forever - all for the right to develop a community of lots which then get sold to a builder.

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Melissa Terzis
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TTR | Sotheby's International Realty
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Melissa Terzis | DC Real Estate Mama