Phillippi Landings offers condos–and incentives–worth considering.
By Robert Plunket
Well, the developers at Phillippi Landings have figured out a way around this. If your apartment hasn’t maintained or increased in value after three years, they’ll either buy it back or refund the difference. There’s some fine print involved, of course, but I’ve checked it out and it’s basically on the level.
The exterior of Phillippi Landings.
Prices start at just under half a million and go up to over $2 million. To sweeten the pot the developer is offering a great deal on upgrades. You can basically get anywhere from $50,000 to $100,000 in custom millwork, door, cabinets, floors, countertops, etc., all included in the price of your unit. I saw examples of the custom work and it’s terrific. (There are resale units available at Phillippi Landings – starting at $429,000 – but keep in mind they don’t offer the price guarantee or the upgrades.)
From top, a Phillippi Landings condo’s living room, bathroom and a view of the boardwalk.