Lubber Run Community Center
Robust community feedback reaches a consensus on the design for the new Lubber Run Community Center. The “embedded” concept emerges, connecting the building to its landscape and exemplifying the ideals of sustainable design.
Arlington County continues to implement its energy management practices within the Town’s buildings and offices. Residents can join the movement towards climate action by signing up for Local Greenest – our 100% renewable electricity option.
Community Centers
The City’s five community centers enhance local amenities and public spaces by hosting activities that include open gym, tot-time, library programs, adult fitness, the Createch Studio teen center, and more. Community members and their guests can use the facilities, and rent the space for parties and events. The centers are also a hub for local businesses and residents seeking a central location to meet.
The community centers serve a variety of needs from children and teens to adults and seniors, providing activities that bring together Arlingtonians. In addition to the recreation and community meeting rooms, some feature kitchens and a full range of office equipment. The community centers also provide a number of spaces for businesses to hold meetings and seminars.
A new community center for Upper Arlington is set to replace the existing Eunice Activity Center, which has served the area for more than 30 years. The new facility will be located at Kingsdale Shopping Center on Tremont Road.
The community center will include a library, fitness and exercise rooms, a dance/theater studio, a multipurpose room, a youth/family program space, and a senior activity area. The project will also feature a large, outdoor pool and a new water play area.
When the community center is completed, it will be the first in the region to achieve net zero energy. In its quest to reach this milestone, the team worked closely with a wide range of stakeholders to ensure that all desired elements were included in the design. The result is a highly sustainable building that is woven into the landscape, with parking and some of the interior programming located underground to expand the available outdoor amenities at ground level.
Throughout the construction process, a robust community engagement program was implemented. The public was invited to participate in the design of the new community center through numerous meetings, online feedback and site visits. The process culminated in a final public presentation.
VMDO was excited to celebrate the completion of the new community center with Arlingtonians during the Halloween Party at the Central School building. The event featured a costume contest, games, food and drinks.
Public Spaces
For Arlington residents, the city’s public spaces offer a sense of place that connects neighborhoods and communities. These areas are home to outdoor activities, cultural attractions and restaurants that make up the fabric of the city. The city also boasts a robust parks system and the acclaimed National Park Service River & Trails System.
A variety of community-focused projects have been implemented to enhance local amenities, public spaces and overall quality of life. This includes the ongoing transformation of Downtown Arlington, which has experienced nothing short of a renaissance in the last 15 years. It has seen the student population at University of Arlington double, and new high-profile businesses and development have sprung up across the city’s central corridor.
As a result of these initiatives, Downtown Arlington is now recognized as one of the best-connected and most walkable neighborhoods in the region. It is also a top choice for young families with children, due to its proximity to great schools. In fact, Nottingham Elementary and Yorktown High School have both received the highest rating of “Excellent” from the Texas Education Agency.
The city’s parks and trails systems are also a big draw for visitors. The town’s parks are ranked fourth in the country by ParkScore. The city has a number of conservation initiatives to help protect the natural environment including the preservation of lands such as Cooke’s Hollow.
Another important initiative is the City’s Public Space Master Plan (PSMP), which sets a vision and policies to manage the County’s diverse open space assets. This planning document is critical for ensuring the City has the resources needed to maintain and enhance its award-winning parks, trails and open spaces system.
The City has a number of programs to help homeowners and renters conserve energy and water as well as promote green practices in the built environment. These include the Green Building Density program, which incentivizes implementation of green roofs and habitat restoration on buildings, and the Tree Replacement guidelines that have helped maintain the City’s tree canopy at 41%.
The City also supports a number of community-driven placemaking projects, like the reimagining of the Mill Brook corridor. The corridor is an important part of the city’s history and identity, and its restoration and enhancement will provide a platform for the future.
Grants for Quality of Life
The City of Arlington offers a plethora of programs to help enhance local amenities, public spaces and the overall quality of life in our community. From a thriving restaurant scene and vibrant arts community to history, recreation and more, Arlington has something for everyone. Plus, its convenient transit options make getting around the metro region quick and easy.
Arlington has tons of parks and trails for you to explore, from larger parklands in the northern part of town like Potomac Overlook Park and Glebe Road Park to dozens of neighborhood parks throughout the city. It’s also a health-conscious community with plenty of opportunities to cycle and explore new workout experiences at businesses like Bash Boxing – Arlington and Onelife Fitness.
In 2021, Arlington scored near the top of all cities in the nation in the ParkScore index based on investment, amenities and acreage, but below average on accessibility. To address this gap, the City is working to improve the distribution of park opportunity across neighborhoods and communities.
The City of Arlington provides funding to assist low-to moderate income residents in Arlington with a variety of needs through the Community Development Block Grant (CDBG), HOME Investment Partnership Grant and Emergency Solutions Grant (ESG) programs. These grants support a wide range of activities including Arlington construction – neighborhood infrastructure improvements, housing rehabilitation, childcare, education, economic development and homelessness services.
The City of Arlington has been focused on incorporating sustainability principles into every aspect of the City and its services for years. But, the concepts of Smart Growth and sustainable practices can be complex and abstract for citizens to understand. The Library, as both a department of the City and a community hub for education and connection, is uniquely positioned to demystify and translate these initiatives into a familiar language for residents to relate to. Through efforts like Fresh AIRE, Arlington Reads Green and the Energy Efficiency Library Collection, Arlington libraries are making sustainability more relatable to citizens.
Transit-Oriented Development
The County’s focus on transit-oriented development (TOD) is a major reason Arlington has escaped many of the traffic problems that beset many suburban cities. In the last two decades, Arlington has added thousands of new apartments and millions of square feet of office space, largely along densely-developed Metro corridors and stations. Despite this growth, traffic in most of the corridors has remained steady or even declined, with Wilson Boulevard (Arlington’s busiest commercial corridor) and Clarendon’s main street each seeing 23 percent declines in motor vehicle use from 1996 to 2012.
TOD is generally defined as development within a 1/4 mile radius of a transit station, providing access to jobs and services without relying on automobiles for mobility. To be successful, TOD requires adequate density to support transit ridership, as well as high-quality pedestrian and bicycle facilities, and active street life to attract shoppers and workers.
To encourage TOD, the County provides incentives in the form of density bonuses for developments that provide a variety of housing types and sizes and offer on-site parking at below market rates. In addition, the County’s land-use and transportation policies encourage the growth of TOD around high-volume bus routes that serve a large segment of the population.
These strategies have worked: research indicates that average car ownership, travel and expenditures decrease with increasing residential densities and proximity to transit, while the proportion of regional trip travel by rail transit increases. In addition, TOD locations tend to attract high-quality tenants and to generate a strong local economic development impact.
In the District, meanwhile, the vast majority of new apartments have been built within walking distance of Metro stations in formerly industrial neighborhoods, including Navy Yard and NoMA. In the years since the financial crisis, the District has permitted thousands of apartments each year, a high rate compared to peer cities. In many cases, these projects have been located on sites that previously housed industrial or low-value commercial uses where there are few homeowners to oppose upzoning.
Historically, the earliest forms of urban transit, such as streetcars and railway lines, were developed jointly with housing and other development, with developers paying for the new service by dedicating land near the route. This approach is still the model for some urban rail transit, including the Washington Metrorail system.
In conclusion, construction projects in Arlington have certainly had a positive impact on the surrounding neighborhoods. Through the developments that have been built, citizens now have tremendou options when it comes to homes. While this revitalization of the area can only be seen as a success story, it is clear that construction is still happening and developing this city even further. If you are looking for builders who can help with any of your own development objectives, then look no farther than Paramount Construction. With all of these local projects currently underway, there is potential for anyone to benefit from their visions and bring more
New construction offers the opportunity to create your dream home in a walkable neighborhood. The downside is that the process takes a little longer than buying a resale home.
There’s a lot more that goes into building a house than you might think. This guide will take you through questions about how you want to live, describe the buying and construction processes, and more.
Look for a Builder You Can Trust
When purchasing a new construction home, the process can be both exciting and intricate. To navigate it successfully, several essential steps must be taken. The initial step involves choosing a reputable builder who can transform your dream home into a reality. It is crucial to thoroughly research builders and their standing within the community. This can be accomplished by conducting online searches, exploring their social media presence, and requesting references from previous clients. Visiting recently completed homes and conversing with homeowners also provides valuable insights into the builder’s level of craftsmanship and quality.
Furthermore, it is equally important to consider a builder’s experience in constructing the specific type of home you desire. For instance, if you have your sights set on a rambler, seeking out a builder with a proven track record in constructing such homes is advised. This ensures proper construction and prompt resolution of any potential issues. Additionally, inquiring about a warranty offered by the builder is a prudent decision.
A reputable builder will also be licensed and insured. This is important for both you and your agent. This will protect you from any legal issues that may arise during the construction of your home. In addition, a reputable builder will have a good track record with the Better Business Bureau and the state attorney general’s office.
It is also a good idea to choose a builder that offers financing. This will help you to avoid the need for a down payment and will make the entire buying process much easier. However, it is always a good idea to compare rates and options from other lenders as well. It is important to remember that the cost of a mortgage is an ongoing expense and that it should be viewed as a long-term investment.
With a little bit of research and a great real estate agent, you can be on your way to purchasing a new construction home in Bethesda that will meet all of your needs. While there may be a few more hoops to jump through and a longer wait time than with a previously-owned home, the end result will be worth it.
Make Sure You Have the Right Budget
Builders of new homes have numerous expenses that are associated with the construction process, so it is crucial to have a clear understanding of these costs and how they can impact your overall budget. Typically, builders advertise a base price for their homes but also offer a variety of upgrades that come at an additional cost. This means that the final price could end up being significantly higher than the initial advertised price. Being aware of this beforehand is important before making any decisions.
Another crucial factor to consider is that purchasing a new construction home usually requires mortgage financing. This is different from the process of buying a pre-existing home, and it is advisable to work with a mortgage lender who is experienced in dealing with new construction properties. To find such a lender, you can ask your real estate agent for a recommendation or conduct an online search using the keywords “new construction home loans [city, state].”
When it comes to new construction, the best option is always to work with a reputable builder who has a history of meeting and exceeding expectations. There are many options for new homes in Bethesda, including condos and townhouses, luxury homes, and upscale suburban properties. However, it’s important to be realistic about your expectations when choosing a new construction home plan in Bethesda, as there will be some trade-offs involved with every choice you make.
Whether you’re looking for a small condo in downtown Bethesda or a large house with ample yard space, there is sure to be something that meets your needs. Many new construction home plans are designed with families in mind, and they offer everything from high-end appliances to crown molding and wainscoting. Additionally, new construction homes are often built in desirable neighborhoods with great schools, which is why Forbes magazine named Bethesda 2nd on its list of America’s most livable cities for families.
While a new construction home can be more expensive than a resale, you’ll likely end up saving money in the long run by purchasing a property that has all of the latest amenities and features. Plus, you’ll be able to enjoy the peace of mind that comes from knowing that your children will be attending top-notch schools that have been recognized for their pristine educational standards.
Consider Your Needs
Building a new home is a complex task that requires many different skills and responsibilities. A home builder’s job is not only to construct the house itself, but also to oversee subcontractors and artisans; keep tabs on local zoning regulations and other legalities; make sure all work is completed according to plan; and perform dozens of other duties that are vital to the success of any residential construction project. Choosing the right custom home builders in Bethesda will help you to navigate these difficulties and ensure that your dream house comes to life as soon as possible.
When searching for the ideal home design, it is crucial to contemplate your specific requirements and how you intend to utilize your living area. For instance, if your aim is to host gatherings and entertain guests frequently, you should seek out a floor plan that provides ample space for both living and dining purposes. Likewise, if you have children, it is essential to consider a floor plan that offers an adequate number of bedrooms and bathrooms to comfortably accommodate them.
Additionally, it is imperative to assess the level of privacy desired in your prospective home. If you prefer a peaceful environment in a serene neighborhood, it is vital to select a newly constructed home in an area with minimal traffic and noise disturbances. Lastly, it is advisable to choose a neighborhood that offers a diverse range of amenities, including educational institutions, restaurants, and retail establishments.
The process of building a new home can be long and time-consuming, but it’s worth the wait in the end when you have a beautiful, new place to call your own. With a little bit of research, you can find the perfect new construction home plan in Bethesda that’s perfect for your family and lifestyle.
Whether you’re looking for the perfect condo, townhome, or single-family home, there are many options available in Bethesda. With so many choices, it can be difficult to know where to start. To help you narrow down your search, we’ve put together a guide on how to find the best new construction home plans in Bethesda. To get started, simply click on the map below and filter by price range, number of bedrooms, and more!
Look for a Design That You Love
It’s important to find a design that you love when it comes to new construction homes because the last thing you want is to be unhappy with your home. If you’re unsure of what kind of home you want, sit down with your family and make a list of the things that are important to you. From there, you can go through and prioritize each item on the list. Once you’ve done that, it should be much easier to figure out what you really want in your new home.
The task of the builder begins long before the first nail is driven while constructing a bespoke home. They must conduct a market analysis, inspect the land to make sure it is appropriate for development, and acquire all the licenses. They must also manage craftsmen and subcontractors, stay on top of zoning laws and building requirements, and carry out dozens of additional duties that are crucial to the construction process.
Finding a Bethesda house builder with a solid reputation and relevant experience is crucial for these reasons. You can get the house of your dreams with the aid of a professional home construction business. They will also be able to maintain the project’s budget and timeline.
And if you’re interested in finding out more about new construction homes in Bethesda, be sure to visit Paramount Construction and see how Rob can transform your living space!
Are you in the market for a new home and considering Arlington, Maryland as your destination? With its diverse community and proximity to DC, it’s no wonder that more people are choosing this vibrant city. Whether you prefer classic architecture or something modern, there are plenty of stunning homes available in this bustling area. In our blog post, we’re going to take a look at some of the most impressive new properties for sale in the beautiful town of Arlington! Let us guide you through all that Arlington has to offer!
Paramount Construction is currently constructing new luxury homes for sale in the desirable neighborhoods of Arlington, Maryland. These neighborhoods are perfect for buyers who value upscale amenities. Additionally, these neighborhoods provide convenient access to major airports, highways, and a robust public transportation system, making commuting to Washington, DC and Baltimore a breeze.
The region surrounding Arlington, Maryland, offers a plethora of attractions and activities to enjoy. Immerse yourself in history by visiting museums, galleries, monuments, and parks that showcase America’s earliest settlements. Moreover, outdoor enthusiasts will be delighted by the abundance of recreational options available, such as fishing and boating on the Chesapeake Bay or hiking in the scenic foothills of the Appalachian Mountains.
You’ll also discover a rich cultural scene, with three major airports, Amtrak train service to Washington, DC and the rest of the Eastern Seaboard and plenty of major driving routes. Our new homes for sale in Arlington are convenient to everything, yet situated in serene neighborhoods that offer quality living tucked away from the hustle and bustle.
Paramount Construction offers brand-new homes in highly sought-after neighborhoods in Maryland. We have a wide selection of prime lots and homes for sale in Bethesda, McLean, Chevy Chase, Arlington, Washington DC, and Falls Church. Many of our properties are conveniently located within walking distance of the Bethesda Metro, Friendship Heights Metro, Medical Center Metro, Ballston Metro, Clarendon Metro, and East Falls Church Metro.
Our community is centered around a beautiful pool and is surrounded by parks and waterfront areas. Our secluded neighborhood also features a spacious backyard with a deck and patio, and is conveniently located near shopping, dining, and major commuter routes.
Whether you’re looking for a luxury home for sale or want to find an affordable property in Virginia, there are plenty of options available. Some new construction properties are available in neighborhoods populated with historic homes, while others are found in upscale suburban communities that are attracting a younger demographic. In addition to its long history and many beautiful scenic sites, Virginia boasts a thriving economy that attracts a variety of business professionals. From a premier defense and security employment sector to Fortune 500 companies like Booz Allen Hamilton and Northrop Grumman, the state has an abundance of career opportunities.
It’s not surprising that Virginia has grown to be a popular state for both families and young professionals, given its proximity to the capital. Virginia offers a wide selection of newly built homes to fit any lifestyle, including upscale communities with convenient walking access to amenities.
The new homes for sale in Virginia provide quick access to the state’s top workplaces, which include the prominent University of Virginia Medical Center, Martha Jefferson Hospital, MedImmune, the National Institutes of Health, and others. Along with a thriving tech industry, the area is home to many Fortune 500 companies, including Computer Sciences Corporation and General Dynamics.
In addition to its many job opportunities, Virginia offers an outstanding quality of life with a diverse array of entertainment and leisure activities. From outdoor concerts at the Wolf Trap National Park for the Performing Arts to shopping in Tyson’s Corner and exploring the state’s many historic sites, there is something for everyone.
Located on the northern edge of the Washington Metro, Richmond offers a wide range of local restaurants and breweries to enjoy, as well as an exciting nightlife scene that is growing with the arrival of new residents. There are also several cultural institutions, ranging from museums and galleries to community theaters and performance venues. You can also enjoy a thriving local music and dance scene. The area is also known for its many parks and recreation areas, as well as its proximity to nearby beaches.
Creating the perfect home in the most desirable locations can be a difficult process. Fortunately, with the right guidance, you can find the perfect new home in Arlington, Maryland. From its tranquil suburban streets to its unique historic homes, Arlington offers an array of options that are sure to suit your needs and budget. Whether you’re looking for a spacious single-family dwelling or downsizing and searching for a cozy condo, there is something for everyone in this city. As you search for your dream home in beautiful Arlington, rely on local real estate experts who can guide the way. Contact one today and make your dreams of homeownership come true!
Do You Want To Buy a House in Bethesda? Facing a Low Inventory of Premium Bethesda Homes for Sale
Snagging a front-row seat at a sold-out concert is akin to the challenge of finding a place to live within the low inventory of premium Bethesda homes for sale.
That mad scramble when everyone’s vying for the best seat, trying to get the first tickets. Well, that’s exactly what it feels like hunting through the low inventory of premium Bethesda new custom homes for sale.
If it seems like everybody is trying to buy a Bethesda home, you’re right.
There is more demand than supply. Since there are very few large parcels of land remaining in Bethesda, builders and developers are buying old homes and tearing them down the houses to get to the land.
Yes, in many cases, the land that the old, functionally obsolete house sits on is more valuable than the house.
Why Bethesda, you ask? Think tree-lined streets and charming neighborhoods. Envision top-rated schools waiting to nurture your little one’s potential. Imagine having downtown Bethesda with its buzzing restaurants and boutiques just around the corner.
You’re not alone in this quest, though. Folks from across the globe are recognizing these perks, too, making the competition stiff! The real question is: how do you outmaneuver them all?
Table Of Contents:
- Understanding the Inelastic Supply of Premium Bethesda Homes for Sale
- Exploring the Impact of Low Inventory on Bethesda’s Luxury Home Market
- Navigating the Competitive Landscape of Premium Homes in Bethesda
- The Benefits and Risks of Investing in Bethesda Real Estate
- Strategies for Finding Affordable Homes in Bethesda Amidst Low Inventory
- The Future Outlook of the Premium Home Market in Bethesda
- FAQs in Relation to Low Inventory of Premium Bethesda Homes for Sale
- Conclusion
Understanding the Inelastic Supply of Premium Bethesda Homes for Sale
If you’re looking to buy a home in Bethesda, Maryland, it’s crucial to understand why there is such a low inventory of premium homes.
Scarcity is the driving factor behind the limited availability of premium homes in Bethesda, Maryland, due to a lack of large tracts of land within high-rated school clusters (Walter Johnson HS cluster, Walt Whitman HS cluster, Bethesda Chevy Chase HS cluster – MCPS.org).
The Rarity of Large Tracts of Land in High-Rated School Clusters
In areas inside the Capital Beltway, where we find some of the highest-rated public school clusters, available land is becoming increasingly rare.
Families from around the world move here because they value great schools and proximity to Washington DC. This creates more demand than supply, which puts upward pressure on prices.
To put things into perspective, consider this startling statistic: currently, only a few existing homes are available for sale under one million dollars in Bethesda.
The Increasing Demand for Premium Homes in Bethesda
Demand isn’t slowing down either. More families continue moving into this area each year from across the globe, seeking out top-rated education and quality living conditions. The best time to invest? Yesterday was good but today comes a close second.
Refinancing your mortgage could be an option if affordability becomes challenging over time or if you want flexibility with payments.
Bethesda real estate truly presents a unique paradox – high demand coupled with limited supply ensures property values remain strong making it’s not just about finding a place called home but also a long-term investment.
Exploring the Impact of Low Inventory on Bethesda’s Luxury Home Market
The scarcity of Bethesda luxury homes is pushing prices skyward. With limited availability, we’re seeing an upward pressure on costs that can be intimidating for many potential homeowners.
A key stat to consider: In some neighborhoods, the average price per square foot has reached over $500. That’s no small change. But it also signifies something important – a high demand for premium living spaces in this desirable location.
.jpg)
Downtown Bethesda
Bethesda’s real estate market conditions are creating fierce competition among buyers.
High-rated schools and vibrant lifestyle offerings like Bethesda Row draw families from all around the world, causing a rush for these prime properties.
It might seem daunting, but don’t let these figures discourage you. If anything, they should motivate you to act swiftly and decisively when house hunting in Bethesda.
Navigating Through Rising Prices Amidst Low Inventory
The tight housing market necessitates strategic planning if one aims to secure their dream home here amidst low inventory levels.
This situation isn’t new; historically cities with top-rated public schools see higher property values due to increased demand.
The trick lies in being prepared and staying ahead of other buyers by having your financing ready and working with experienced local real estate agents.
Read about one of the causes of the limited Bethesda home inventory: The Locked-in Effect.
Rising Property Values as Investment Opportunities
The Bethesda real estate market isn’t just a challenge, it’s also an opportunity. The rising property values mean that homes in this area can be lucrative long-term investments.
So while the current market may seem daunting, remember that buying Bethesda properties here is not only about securing a home; it’s also about making a strategic financial decision.
Navigating the Competitive Landscape of Premium Homes in Bethesda
The real estate market for premium Bethesda homes is no walk in the park. With low inventory, securing a home amidst such high demand can feel like finding a needle in a haystack.
How to Secure a Premium Bethesda Home Amidst Low Inventory
Having all the necessary preparations in order is essential in this competitive market. First off, getting pre-approved for a mortgage speeds up the buying process significantly – time is often of the essence here.
Besides financial readiness, having an experienced real estate agent who knows their way around North Bethesda, MD real estate could be your secret weapon. They will provide insights into listing price trends and keep you updated about new properties hitting the market.
An important factor that many overlook: flexibility with location within Montgomery County might just widen your options considerably. It’s all about striking a balance between preferences – whether it’s proximity to downtown Bethesda or living closer to nature trails like Capital Crescent Trail.
A noteworthy statistic: less than 50% of premium homes stay on sale for more than 30 days.
So don’t wait around once you find something that fits most checkboxes; make sure you’re ready to pounce when opportunity knocks.
The Benefits and Risks of Investing in Bethesda Real Estate
Investing in Bethesda MD real estate comes with its share of rewards and challenges. Selecting a property isn’t just about acquiring a dwelling, but also selecting the right long-term investment opportunity.
Understanding the Long-Term Investment Potential
A closer look at this bustling area reveals an attractive feature: home values have appreciated by over 5% annually over the past decade. This trend paints a promising picture for those considering real estate as a long-term investment.
Bethesda is known for its high-rated public schools, appealing to families moving here from around the world. These factors create demand that outpaces supply – great news if you’re holding onto property in this region.
But there are risks too. While historical data suggests robust growth, future performance can never be guaranteed due to market fluctuations and changing economic conditions.
Navigating Market Volatility
Potential investors should prepare themselves for possible price corrections or periods of stagnant growth. Despite these uncertainties, one thing remains clear: owning prime Bethesda MD real estate could be like having golden geese – they may keep laying eggs despite some occasional hisses.
Diversification Is Key
Protecting your wealth is just as important as growing it – diversification can help you achieve both goals.
diversify your assets by buying a Bethesda home for sale
The legendary Warren Buffet put it best: “In investing, diversification is protection against ignorance.“ By spreading out your investments across various sectors and asset classes, you’re not only increasing the chances for higher returns but also safeguarding yourself from unexpected market downturns.
Strategies for Finding Affordable Homes For Sale in Bethesda Amidst Low Inventory
The scarcity of affordable homes in Bethesda, MD is real. With the limited selection of homes under $1M, it can seem almost impossible to find a suitable property. But don’t let that discourage you; there are strategies to help navigate this high-demand market.
Tips to Find Affordable Homes
Finding an affordable home amidst low inventory may seem daunting, but understanding the dynamics of Bethesda’s real estate market will give you an edge.
Get Pre-Approved: Having your mortgage pre-approved makes you attractive to sellers and gives you negotiating power. It also lets you act quickly when the right property comes up.
Broaden Your Search: While we all have our dream neighborhoods, being flexible with location might land you an affordable gem. Consider looking at nearby areas such as Chevy Chase or Silver Spring homes which could offer more bang for your buck. Additionally, McLean, Va. and Arlington, Va. homes also have excellent schools and are equally excellent real estate investments.
Hire Local Real Estate Agents: A local agent who understands the intricacies of Bethesda’s housing market can be instrumental in helping find hidden opportunities before they hit mainstream listings. Their network and knowledge about upcoming sales could prove invaluable during your search process. Real estate agents from Bethesda, equipped with deep-rooted community ties and industry insights would know exactly where those sought-after family homes are nestled within this bustling city.
Finally remember: patience is key. You’re not just buying a house, you’re investing in your future.
And if you want to get access to our wholesale Bethesda tear-down lot list, schedule a Bethesda home buyer call here (we only allow a few people access at a time so our clients aren’t competing for a limited Bethesda tear-down lot supply).
Here’s a case study of how one of our clients acquired a tear down property on our private wholesale building lot list.
The Future Outlook of the Premium Home Market in Bethesda
As we gaze into the crystal ball, it’s clear that the future trends in the premium home market are going to be shaped by a couple of factors. One being limited land availability and another being continued interest from international buyers.
Predicted Trends for Premium Homes
Bethesda MD., with its coveted location near Washington D.C., top-rated schools, and luxury amenities, has always been an appealing spot for discerning homebuyers. But lately, this charm is pushing demand through the roof.
With large tracts of undeveloped land becoming as rare as hen’s teeth within city limits, especially those located inside highly sought-after school clusters like Walter Johnson or B-CC high school areas – where everyone wants their kids enrolled – builders have turned to tearing down older homes on smaller lots. They’re constructing larger ones instead because they know people will pay more for new construction and modern features.
This trend is unlikely to abate any time soon, given the limited land availability coupled with strong demand from families around the world seeking a better quality of life in Bethesda. Demand is expected to remain high due to limited land availability (Bethesda Magazine source) coupled with a continuous influx from families around the globe who desire not just great schools but also a superior way of life that Bethesda offers (and let’s face it – who doesn’t?).
In fact, according to Realtor.com, there is only one home available under $850k, which shows how stiff competition can get when trying to secure your dream house amidst such low inventory.
Savvy investors recognize that real estate is a long-term venture, and in Bethesda, it has been rewarding with house prices increasing by more than 5% each year over the past decade. So, while it’s impossible to time any market, given the inelasticity of the supply of homes and building lots in Bethesda, and, given there is more demand than supply, the prices of real property in Bethesda appear to just keep going up over the long run.
Buy House in Bethesda: Why Custom Homes Offer More Value
If you’re looking to buy a house in Bethesda, consider the benefits of building a custom home. Bethesda is known for its upscale neighborhoods, and a custom-built home ensures your new house is tailored to your lifestyle and preferences. When you buy a house in Bethesda that’s custom-built, you gain the flexibility to choose premium materials, unique architectural styles, and energy-efficient features that enhance both comfort and long-term value.
At Paramount Construction, we specialize in crafting luxury homes in Bethesda that exceed expectations in both design and functionality.
Key Takeaway:
As we gaze into the future, it’s clear that Bethesda’s upscale housing market is set to continue its lively pace. The scarcity of available land coupled with strong global interest is pushing demand through the roof. As undeveloped spaces become rarer, especially in coveted school districts, builders are cleverly constructing bigger homes on smaller plots. Given there are just 30 houses priced under $850k listed on Realtor.com, snagging your dream home might turn into a heated battle.
FAQs about Low Inventory of Premium Bethesda Homes for Sale
How much does it cost to build a house in Bethesda MD?
The cost of building a home in Bethesda varies widely, but on average you’re looking at around $200-$500 per square foot. If you would like to have us calculate a price to build a Bethesda home for you, check out our new home price calculator and we’ll send you an accurate new home price immediately.
Is Bethesda expensive to live in?
Yes, living costs in Bethesda are high. It’s one of the priciest areas near Washington D.C., with housing being the biggest factor.
What is the most expensive house in Bethesda Maryland?
The priciest homes can run into tens of millions. For instance, an estate sold for over $18 million back in 2018 was one of the highest-priced sales ever.
Is Bethesda a good place to live?
Absolutely. Despite its high cost, folks love living here because it offers top-rated schools and proximity to D.C., all while maintaining a small-town feel.
Conclusion
Deciphering the low inventory of premium Bethesda homes for sale is like solving a complex puzzle. You now know that the rarity of large properties and high demand from international families are major factors.
The luxury home market’s landscape has changed due to this scarcity, causing an uptick in competition and prices. But you’ve also learned strategies to secure your dream home amidst these challenges.
Real estate investment in Bethesda remains promising despite its risks. Affordable homes may be few but they exist if you look hard enough with the right tips at hand.
The future outlook? Continued interest from buyers coupled with limited land availability keeps it competitive!
The Pros and Cons of Remodeling vs. Building a New Home in Arlington Virginia
Which is the better choice for you?
Deciding whether to remodel your current home or build a new one is a major decision that requires careful consideration of a variety of factors.
Both options have their own set of pros and cons, and ultimately the right choice for you will depend on your individual circumstances, budget, and priorities.
Advantages of Remodeling
One of the main advantages of remodeling your existing home is that it is typically less expensive than building a new one.
Depending on the scope of the renovation, the cost of remodeling can range from a few thousand dollars to hundreds of thousands of dollars.
However, even a major remodel will usually be less expensive than building a new home from scratch.
In addition to the initial cost savings, remodeling can also be a more financially savvy choice in the long run, as it allows you to update and modernize your home without incurring the expense of purchasing a new property.
Another benefit of remodeling is that it allows you to customize and personalize your home to fit your specific needs and preferences.
Whether you want to update the layout, add a new room, or make cosmetic changes, remodeling allows you to make your home exactly what you want it to be.
This can be especially appealing if you love the location of your current home and don’t want to move. Check out high value renovation projects here.
Drawbacks of Remodeling
However, there are also several potential drawbacks to remodeling. One of the biggest challenges of remodeling is the time and disruption it can cause.
Depending on the scope of the project, a major remodel can take several months or even longer to complete, which can be inconvenient and stressful for homeowners.
In addition, the renovation process can also be messy and disruptive, as contractors may need to tear down walls, move appliances, and make other changes that can disrupt your daily routine.
Another disadvantage of remodeling is that it may not always be possible to make all the changes you want to make.
Depending on the age and structure of your home, there may be physical limitations to what you can do.
For example, if your home is an older property with load-bearing walls, you may not be able to open up the layout or add new rooms without significant and costly renovations.
Advantages of Building a New Home
On the other hand, building a new home allows you to start with a blank slate and create a space that is exactly what you want.
Here’s another article about other considerations of remodel or building new.
This can be especially appealing if you have specific design preferences or functional needs that can’t be met by your current home. Building a new home also allows you to choose the location of your property and select a lot that meets your specific needs and preferences.
Drawbacks of Building a New Home
However, building a new home also has its own set of challenges. The most obvious disadvantage is the cost.
Building a new home is generally much more expensive than remodeling an existing one, especially if you are building a custom home.
In addition to the cost of construction, you will also need to factor in the cost of the land, which can vary significantly depending on the location.
Another potential drawback of building a new home is the time it takes.
From the initial planning and design phase to the construction process, it can take several months or even longer to complete a new home.
This can be frustrating for homeowners who are eager to move in and start enjoying their new space.
Other Considerations
In addition to the cost and time, there are also several other factors to consider when deciding between remodeling and building a new home. These include the environmental impact, the value of your current home and neighborhood, and the legal and regulatory requirements.
The environmental impact of remodeling vs. building a new home is an important consideration for many homeowners. Remodeling an existing home can be a more environmentally friendly choice, as it allows you to reuse and repurpose materials rather than creating new ones.
Conclusion
In conclusion, deciding whether to remodel your current home or build a new one is a major decision that requires careful consideration of a variety of factors, including cost, time, personal preference, and environmental impact.
Both options have their own advantages and disadvantages, and the right choice will depend on your individual circumstances, budget, and priorities.
Whether you choose to remodel or build, it’s important to carefully consider all of the factors involved and make an informed decision that is right for you.
If you’d like us to help give you addresses of properties in N. Arlington, Falls Church, McLean, Bethesda, Chevy Chase and NWDC you can buy for remodeling or for building a new home, contact us here.
We can also perform feasibility studies before you ever put any money at risk on a property and provide design and pricing services. This will significantly reduce your risk when buying your next fixer-upper or new home.
Best McLean Virginia Luxury Home Builders
This article is on the 10 Best Luxury Home Builders in McLean Virginia.
McLean, Virginia, is a beautiful small suburb located in Northern Virginia with a population of around 50,000.
The city is full of greenery, has a historic feel, and is considered a community-centric city with tons of coffee shops, restaurants, parks and stores of all kinds.
If you are looking for suburban life in one of the best neighborhoods outside of the city, McLean may be the location for you.
But what makes McLean Virginia so unique?
McLean Virginia’s proximity to Washington D.C. has advantages
Since it is situated just 10 miles away from Washington D.C., it is a prime location for commuters who are not interested in living in the city.
Many governmental and military officials reside in the area or retire here because of the proximity, generous acreage for home building, and beautiful greenery. The city is also the home of Hickory Hill, one of the Kennedy’s iconic houses.
McLean is a wealthy city
According to the American Community Survey, McLean is considered the third wealthiest city in the United States. Although the cost of living is higher than in most surrounding neighborhoods, the quality of life is worth the price. For those looking to build in the area, home builders in McLean, Virginia offer a range of luxury options to match the upscale lifestyle. These home builders in McLean, Virginia are experienced in designing homes that meet the high standards expected in one of the wealthiest communities in the country.
McLean Virginia has a rich history
The McLean Community is rich in history, luxury homes, and beautiful national preserves. The low crime rate, top-of-the-line primary schools, and family-friendly environment are just a few of the reasons families everywhere are deciding to settle down in McLean, Virginia.
McLean has excellent public schools
McLean, Virginia, is also ranked number 2 in Virginia for the best public schools and has a large assortment of public school options that are highly ranked and recognized. You can see a full list of schools below.
If you are looking to move to McLean and start a life or retire, you may consider looking for new home builders in the McLean area that you can trust with the construction of your home from start to finish.
1. Toll Brothers
Toll Brothers is an award-winning, prestigious luxury home builder in McLean specializing in luxury homes and distinctive architecture. They were founded in 1967 and work heavily in student housing solutions and apartment living construction.
2. Cyrus Construction
Cyrus Construction is a professional McLean Virginia home builder with over 20 years of experience in everything from steel buildings to home building and remodeling in the commercial and residential industries.
3. MAC Design & Build
MAC Design & Build is a family-owned, custom-built company that creates custom cabinets and woodwork to help design a unique look for your dream home. Their expertise can help turn any home-building project in McLean into a reality.
4. Marks-Woods Construction Services, LLC
Marks-Woods Construction Services is a full-service Virginia home builder specializing in luxury residential renovations. They have served the area for over 20 years and work on commercial and residential buildings in the McLean area and surrounding communities.
5. Heinz Home Improvements and Services, Inc.
Heinz Home Improvement and Services is a family-owned Virginia house builder business founded in 2014. They provide quality and professional quality services in the Northern Virginia communities.
6. Elite Contractors Services Inc Virginia home builder
Elite Contractors is a remodeling and building contractor service that has served Northern Virginia, Washington D.C., and Maryland suburbs for the past 25 years. They are one of the best home remodeling companies in Northern Virginia and offer superior homebuilder services.
7. American Home Contractors
American Home Contractors is a top-rated full-service contracting company actively building new homes in the McLean area. They’ve been building homes for over 30 years and have a unique eco-friendly contractor focus. You can also utilize them for solar panel installation and gutter replacement. AHC is on our list of the ten best McLean home builders.
8. The Larson Group Inc.
The Larson Group has over 42 years of experience in the construction industry and is a full-service contracting company. They have completed over 100 unique projects in 3 states and can even assist you with Fire, water, and weather restoration and remodeling in the McLean area.
9. VP Construction, LLC
No project is too big or small for VP Construction. They have built new homes in the McLean and surrounding communities for the past two decades.
10. Paramount Construction is a McLean home Builder
Paramount Construction (PCI) is an award-winning new home builder who proudly services the McLean communities.
PCI has the largest list of custom new homes and building lots in the McLean, Chevy Chase, Arlington, and Bethesda areas.
This McLean builder also has an in-house architect with them for over 28 years.
The best part? Every new McLean home we design and build is built to fit perfectly on each building lot.
This means any of our custom homes can be made smaller or bigger, depending on your needs. Since all our new home designs are unique and custom-made, we’ve never built the same house twice!
11. Sekas Homes
12. M.R. Homes
13. Galileo Homes
14. Cherry Hill
15. Gruver Cooley
16. Evergreen Homes
17. Sagatov Design and Build
18. Focal Point Homes
19. Artisan Builders
20. Joy Custom Homes
21. Monarch Homes
22. Reel Homes
23. Anchor Homes
24. Fisher Homes
Here is a partial list of Paramount Construction homes (subject to change):
- West McLean- (Check out 1633 Warner Ave. It is a 17,950 sq ft flat lot, with only a few new homes around it, Check out our tour video for the full effect)
- Kent Gardens- Check out Dillon Ave; it is within walking distance of Kent Gardens ES and McLean High School)
- Chesterbrook Gardens – (Check out 1522 Hardwood Ln.) – SOLD
Also, Paramount Construction has a large selection of model homes that can be adjusted to fit your dream home and lot’s needs.
New Home Models
Here are just a few of our new home models you may find interest in for McLean:
- Hazel Model– (gorgeous McLean model designed to fit any size lot)
- Carper Model Home – (We can gladly make this home model smaller or bigger to fit your lot)
- Macon Model – (Transitional style home with a rustic feel, a must-see!)
- Lavin Contemporary Model– (The contemporary stairs with a cable railing is a must-have)
A new luxury home coming soon to Heather Hill Court in McLean
McLean building lots for sale
If you are looking for a custom home option and have some time to spare, here are three McLean lots that are currently available for your home:
- Mayflower Drive- 12,000 sq ft.
- 1633 Warner Drive- 17,950 sq ft.
- 1522 Hardwood Ln- 15,000 sq. ft. SOLD
Learn more about McLean lots and new homes
To learn more about Paramount Construction and our custom home capabilities for these available lots, contact us today. We would love to walk you through everything you need to know to provide you with the custom home you’ve always wanted.
New McLean home for sale in Chesterbrook
This 15,000 sq foot lot in the Chesterbrook Neighborhood in McLean is ready to be transformed into the luxury home of your dreams.
You can watch our walkthrough video to get an in-depth experience of the lot and location and see some of the home models we think would be an excellent fit for this lot’s shape and size.
The Best McLean Builders
Here’s a map of McLean (circled in red):
McLean Builders McLean map
McLean Builders map of McLean
Slideshow map of McLean Neighborhoods:
Public elementary schools located in McLean include:
Chesterbrook Elementary
Churchill Road Elementary
Sherman Elementary
Spring Hill Elementary
Public middle schools located in McLean include:
Cooper Middle
Mary Ellen Henderson Middle School
Longfellow Middle School
Public high schools located in McLean include:
McLean High School
Langley High School
Meridian High School
Private schools located in McLean include:
The Madeira School
The Potomac School
Ambleside School
The Langley School
St. John Academy
St. Luke Catholic School
Montessori School of McLean
Ridgemont Montessori School
Brookfield School
BASIS Independent McLean
New McLean home for sale in Chesterbrook
This 15,000 sq foot lot in the Chesterbrook Neighborhood in McLean is ready to be transformed into the luxury home of your dreams.
We’re happy to create a custom home that suits your needs on any of our Arlington, Bethesda, Chevy Chase, Falls Church, McLean, or NWDC lots or on your building lot.
Additionally, we recommend setting up a strategy call with us to discuss our building lots, new home plans, and our building process.
McLean Homes For Sale