New construction is seeing a resurgence in the city of Frederick this year, with several new projects as well as new energy in some previous residential building projects. With the shortage of homes on the market, many buyers entering the market are looking for new construction homes. Fortunately, they have some choices.
New Construction in the City of Frederick
Canterbury Station is a development that has been approved by the city since late 2007, but is just now in the first stages of development. The home builder is Parkwood Homes. Canterbury Station will cover the area from Fredericktowne Park, along East Street, the the space behind Northampton Manor Health Care Facility, and perhaps the area behind the Banner School. This phase was to be 144 homes, including townhouses, single-family homes and condominiums.
Towns at Maxwell Square – Townhouses built by Comstock.
Worman’s Mill is finishing the section of villas with Wellington Villas
Market Square – Dan Ryan is building townhouses, next to Clemson Corner and Market Square.
Cannon Bluff is continuing the building of single-family homes with Ryan.
Clover Ridge has single-family homes built by Drees and Dan Ryan.
The construction continues at Linton at Ballenger, with single-family homes built by Drees, and townhomes built by Ryan.
At Catoctin Ridge, Dan Ryan is building towns.
Buyer Agency with New Home Construction
With new home construction, many buyers still find value in contracting a buyers agent. Buyers Representation does not cost the buyer, but is built into the cost of the seller’s fees. With buyer representation on new construction, there are several benefits.
The most important benefit is often the most overlooked: a comparative market analysis. Knowing what similar homes sell for is an important step in negotiating with a builder. And yes, builders negotiate.
Other benefits include the expertise of an agent with new construction experience. How does a buyer even know the right questions to ask? A buyers’ agent has a feduciary contract with the buyer, to represent his best interests. The builder’s sales agent, or agents are representing the seller’s best interests.
Contact the Highland Group for buyer representation on your new home build.
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