Thursday, November 10, 2005

Local Developer Shrugs Off “Dime a Dozen” Notion Regarding His Developments - Defends His Town-Home Communities


By: Chris Kross
Crab Business Writer

BALTIMORE COUNTY – Local developer and entrepreneur Brand Wellsted, CEO of Generic Homes LLC, shrugged off the suggestion that town-home sub-developments are “a dime a dozen”.

“Dime a dozen? More like five hundred grand for one.” laughed Wellsted as he took a puff from his cigar. “If you can find me a development where you can buy twelve homes for a dime, please let me know because I need to buy that guy a scotch.”

When it was suggested that the phrase was meant to suggest that his developments were over-plentiful and lacked distinct character, Wellsted immediately went on the defensive explaining that Generic Communities offer a wide variety of custom built model homes.

“For example, we have the Ambassador model which is a little pricey but large and in-charge with its four bedroom layout. We also have the Peasant model with it’s one room layout.” explained Wellsted. “Of course, those living in the Peasant area of the community must use there own community pool and clubhouse.”

While Wellsted does admit that there are more new town-home/condo Communities popping up all over the greater Baltimore region, he firmly believes that there is still a substantial demand for these private communities.

“The fact of the matter is, people want to live in these isolated communities where everyone knows everything about everybody. And when we launch our fortified gated communities next year, you’ll see people by the thousands rush to buy in those.” said Wellsted.

When asked about the justification for the high prices of these homes, Wellsted explained that the convenience factor created by the locations of these communities is what makes them so priceless.

“In our White Marsh communities, you are so close to 95, you can literally read license plates of the cars on it from your bedroom window. In our Anne Arundel locations, you are so close to BWI, you can literally wave to the pilots as they land. This is unprecedented convenience to two of the area’s major travel entities.” explained Wellsted.

While some people like them and others hate them, town-home communities are the new housing craze in Baltimore County. And while some people are turned off by the thought of spending the money to live in these “cookie cutter” communities, there are many who think they are the best housing situation available. The only sure thing about this particular housing market is that as long as people keep buying these homes, there will still be Generic Communities popping up all over Baltimore.

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