Classic Homes of Maryland Newsletter
News, Events, & Advice from the Classic Team November 2010
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Welcome!
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The Latest from Classic
This is your place for the most up to date news in the building industry, tips to help you in your building endeavors, and information about our upcoming events.
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| Attend Our Upcoming Events |
NOVEMBER
Nov 7: Open House
Tour our 10,000+ sq ft Cambridge model in Baltimore's prestigious Worthington Green community. Sales representatives will be present to answer your questions.
Open to all, no appointments necessary. Refreshments will be served.
View Event Details Here
Nov 13: Stoney Creek Home Tour - Hampton & Lancaster Models
Register Here
Take a private tour of two nearly finished homes in Potomac's Stoney Creek community. Meet with Classic sales representatives who will answer your questions and enhance your understanding of the building process.
Registration is required. Click here to register.
DECEMBER
Dec 4: Info Session & Holiday Social
Learn all about building on your lot, including site work, permitting, construction financing,
how to save on costs and more at this festive and informative session. Meet with lenders and Classic sales representatives who will answer your questions about the building process.
By invitation only. Refreshments will be served.
View Event Details Here
RSVP: Classic Homes Event Page
For more events see our Events Page
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| Classic's News |
Classic Announces Three New Communites!
The Woods of Woodmore | Prince George's County
Located in Mitchellville, MD, just 20 miles from DC, The Woods of Woodmore offers luxurious homes in a serene setting with easy access to the metropolitan areas of Washington DC, Baltimore, and Annapolis. Enjoy 2+ acre estate lots and recreation at nearby Woodmore Country Club and Watkin's Glen Park. Please contact a Classic sales manager for m ore info: sales@classicmd.netClick here to view available lots.Worthington Green | Baltimore County
Classic Homes is now building custom homes from $1M in the elite Garrison, MD, community of Worthington Green. Discover the finest homes and estates, constructed with every amenity a discriminating home buyer could desire, on gorgeous 1+ acre lots. The community enjoys almost 40 acres of nature conservancy, including walking trails and natural ponds, and is minutes from Worthington Valley Country Club.
Now Building on 1+ acre lots from $1M.
Click here to view model prices, available lots and lot price incentives.
Click here to visit our Worthington Model Home.
Granite Ridge | Baltimore County
Located in Woodstock, MD, just off of Granite Road, the extraordinary community of Granite Ridge boasts beautiful rolling hills, mature trees, and gorgeous 1+acre homesites. This conveniently located luxury-home community has a total of 24 lots, of which 7 remain. Build your dream home in one of the few new construction communities left in this prestigious area.
Now Building on 1+ acre lots from $699K.
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Classic Receives Award
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Classic Receives 2010 Best of Rockville Award
For the third consecutive year, Classic Homes of Maryland has been selected for the 2010 Best of Rockville Award in the Home Builders category by the U.S. Local Business Association (USLBA).
Nationwide, only 1 in 120 (less than 1%) 2010 Award recipients qualified as three-time Award Winners.
The USLBA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.
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Introducing Site Services
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Looking for a Lot? Classic Launches Free Lot Finding Service
Classic Homes is announcing the launch of their Site Services platform, a free service to help property buyers and sellers connect to find the perfect lot on which to build a custom home. The new service will come as a valuable tool to homebuyers amid the often-turbulent recent real estate market, providing clients expert guidance and custom-tailored recommendations from Classic's experienced Lot Advisors.
Classic's Lot Advisors are experts in land and specially trained in lot purchasing. They fully understand what to look for when purchasing a lot, whether it's an empty site or a tear-down.
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| Builder Advice: Ask Anne |
Q: Dear Anne,
I have just found a beautiful lot on three acres of land in Barnesville where I would love to build
a house, but my real estate agent told me I should get a "perk" test done before I purchase the
property. What is a perk test and why do I need one?
- Baffled in Barnesville
A: Dear Baffled,
A percolation (aka perc) test is performed on properties which are not connected to a public
sewer system but require the creation of a septic or "leach" field as part of your home
construction. In general terms, the perc test is performed by digging holes in the soil of your
proposed septic field (determined by a site engineer), filling the holes with water and measuring
how fast the water dissipates into the surrounding soil. The test is performed by
a septic contractor but the design of your septic field must be completed by your site engineer.
Your real estate agent is giving you good advice! If you purchase a lot and the property fails to
pass a perc test, the county will not allow you to construct your home there. Be sure to make your
purchase of this property contingent upon the completion of a successful perc test.
- Anne
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| Builder News |
Housing Remains Highly Affordable for Sixth Consecutive Quarter
By National Association of Home Builders
Bolstered by favorable interest rates and low house prices, housing affordability remained near its highest level nationwide for the sixth consecutive quarter since the series was first compiled nearly two decades ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
The HOI indicated that 72.3 percent of all new and existing homes sold in the second quarter of 2010 were affordable to families earning the national median income of $64,400. The index for the second quarter was slightly more affordable than the previous quarter and almost equaled the record-high 72.5 percent set during the first quarter of 2009.
Until 2009, the HOI rarely topped 67 percent and never reached 70 percent.
"Homeownership is within reach of more households than it has been for almost a generation," said NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. "Interest rates continue to hover at historic low levels, the economy is beginning to rebound and with house prices starting to stabilize, conditions are beginning to draw home buyers back into the market, which is a positive step on the path to recovery."
Read the full article here. |
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Contact Information
phone: 301-256-4110
email: sales@classicmd.net
www.classicmd.net
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