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Old 11-28-2011, 07:16 AM
 
6 posts, read 13,218 times
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My husband and I are looking at a house made by Ashton Woods out in Woodstock. Our first question is if $260,000 is a good price for a home with 2,800 square feet (4 bedrooms, 2.5 bath) and an unfinished basement.

Also what is your view on Ashton Woods? Are they a good builder?
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Old 11-28-2011, 07:20 AM
 
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i think the price sounds fair for a house of that size. don't know anything about ashton woods though.
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Old 11-28-2011, 08:00 AM
 
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Depends on what's included in the house. You can pick up that size house from other builders in the area for less, but it may have different finishes/specs. Ashton Woods is generally considered to be a decent builder.

One thing to consider- that development was started by Toll Brothers, and consisted of much larger homes, though they actually sold very few. Ashton Woods bought the remainder of the development, and went in with smaller homes at a lower price point, so you're buying into a development that hasn't proven itself yet, and may be living in a construction zone for a very long time. You also get to look at that very attractive industrial park across the street every time you pull out of the development. All that said, Woodstock itself is a great area, with an up-and-coming downtown area with plenty of shopping and activities.

You may also want to look a little further up the road at Harmony on the Lakes- Pulte and Stonecrest are building homes in a similar price and size range there, and the development is far further along. We've lived there for the past 4 years and love it.
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Old 11-28-2011, 08:42 AM
 
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Thanks, that helps. It's tough to judge a builder based on the internet because of a wide range of opinions, but we are thinking they are a decent mid-range builder. Also, they are offering $25k + for "upgrades" (in our case we can use it towards a sunroom, an unfinished basement, and upgrading some of the finishes).

I've gathered bits and pieces about the transition from Toll Brothers to Ashton Woods. The encouraging thing is that they have had 4 people already sign a contract this month (and already have two drives of the neighborhood filling up). But we'll definitely look at Harmony at the Lakes, I think we might have not looked at it before because it adds to our commute, but we'll look again.
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Old 11-28-2011, 09:22 AM
 
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If the community amenities have not been built, I would be careful. There is a history of developers not finishing projects in depressed housing markets.
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Old 11-28-2011, 09:55 AM
 
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Ashton Woods has a pretty good reputation in the area and has been expanding their operation in Atlanta. IIRC, they have like 15 communities under construction right now. I moved into a townhome I bought from them 6 months ago and have been very pleased. The community I'm in of 35 townhomes sold out in a little over 18 months. Pretty good for a down market. PM me if you want more info.
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Old 11-28-2011, 10:01 AM
 
Location: VA soon to be NC
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260K would buy you a shack here in nova. This part of ATL i miss.
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Old 11-28-2011, 10:06 AM
 
Location: Woodstock, GA
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Quote:
Originally Posted by lastminutemom View Post
If the community amenities have not been built, I would be careful. There is a history of developers not finishing projects in depressed housing markets.
The neighborhood already has a fully furnished clubhouse (with a complete gym downstairs), tennis courts, and pool (with water slide and mushroom pool). In fact the pool has been operating for three years now. Toll Brothers built the amenities first. They also promised walking trails, and Ashton Woods has claimed they will follow through with that promise. I'm hopeful but it remains to be seen.

I will also say this. Toll Brothers was in that neighborhood for at least 2 years and managed to sell 8 houses. Ashton Woods hasn't even been in there for a year yet and they have already closed, sold, or put under contract 30 houses. AW is no stranger to the area: they have completed quite a few developments in the Atlanta area already. This was TBs first Georgia project and they were not able to make it sell. I have every confidence that AW will be able to complete the development, based on what they've already managed to accomplish. Unfortunately for the original TB owners, the homes that AW are building are smaller and don't have as much stuff standard.

Oh, and Woodstock is a fantastic area to live. You won't be able to walk to downtown Woodstock from Harmony at the Lakes. You can from Woodstock Knoll.
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Old 11-28-2011, 10:29 AM
 
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Quote:
Originally Posted by billl View Post
Oh, and Woodstock is a fantastic area to live. You won't be able to walk to downtown Woodstock from Harmony at the Lakes. You can from Woodstock Knoll.
That is definitely one thing that got us to look at Woodstock Knoll, it will be great to be able to bike/walk downtown and to the library.
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Old 11-29-2011, 03:29 PM
 
Location: Johns Creek, GA
12,572 posts, read 48,845,213 times
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Other info-
Top 10 Atlanta Home Builders
http://www.city-data.com/forum/18217352-post5.html

And this is why you get 2800 for 260k-
Zombie subdivisions | ajc.com (http://www.ajc.com/hotjobs/content/business/stories/2009/08/09/subdivision08091.html - broken link)
Real Estate Expert Dubs Area 'Ring Of Death' | www.wsbtv.com

And buying a new house used to be about schools and wall color- C'est la vie
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