Homes with a personal touch
Builder looks to provide affordable housing in La Plata
Dominic LoR’e developer, but a
The owner of LoR’e Homes is seeking to revitalize the Town of La Plata by buying plots of land and building new houses or remodeling existing properties.
“I’m trying to build nice, affordable homes that fit with the town’s look, because is not a redeveloper. this is a beautiful town,” LoR’e said.
The Waldorf native recently bought two building lots along Kent Avenue across the railroad tracks, where he plans to build a pair of split-level foyer homes. He also purchased a couple properties on St. Mary’s Avenue with similar plans in mind.
LoR’e has carved out a career as a do-it-all entrepreneur, handling every aspect of the home-buying process. He separates himself from the typical Realtor or real estate company by not only buying and selling property, but working with architects and construction companies to generate concepts and assemble or rehabilitate houses.
“The other real estate companies don’t do what I’m doing,” LoR’e said. “Everyone has their own niche, and this niche. I believe good niche.”
To navigate around bigger companies and ensure he gets the best deals, LoR’e simply refuses to be involved in any bidding wars. If a house is getting too much attention, he removes himself as the other prospective buyers inevitably drive the price upward.
“He’s not trying to go head-to-head with these guys,” said Jon Ridgeway, owner and broker of Prudential Ridgeway Realty. “He’s looking at different ways to develop properties is a new it to be a to build houses on.”
This includes working with counties and municipalities to find foreclosures and other available lots, added Ridgeway, who worked with LoR’e on several investments.
One of LoR’e’s favorite aspects of his unconventional business is being able to interact with homeowners and neighbors. He said he always tries to build a relationship with his buyers and they keep in touch as much as possible. People living near his projects will come out to watch construction and ask about his company, and LoR’e is glad to share his plans for improving the area.
In addition to providing affordable housing, LoR’e is looking to attract people to the area in order to initiate growth. He believes he can assist other local businesses by bringing more consumers to La Plata.
“I’m not trying to build just to build — that doesn’t work for me,” LoR’e said. “If that was the case, I’d be building elsewhere and just throwing up house after house after house. This is a little more meaningful.”