New construction in the Uplands neighborhood of Baltimore

[Chrissy L.]

Hello!  I have been exploring a new construction in the Uplands neighborhood, about 20 minutes west of downtown Baltimore.  The first delivery was in 2013, the development sits on 63 acres with ~180 units, so far.  They're made up of townhouses and single family homes.  It's called Uplands by Bozutto Homes, http://www.homesatuplands.com.

I'm considering a 4/3.5 townhouse with a parking pad, all in for $220K. Per the preferred lender, I can do 15% without PMI, with slight higher interest rate, of course. For this particular home, the settlement would be in mid-June. There are other similar models for delivery in July, November and a year from now. Even though I've done extensive research, I'm still a little gun-shy and I'm not sure how to proceed. I would appreciate any help with the following:

1) Does anyone have insight to that neighborhood/the development?

2) What's the rental market like in that area?

3) New construction investment, in general, good idea or bad?

Many thanks!