New ASP .Net Web Application Problem [Web Access Failed]

When I try to create a new ASP .Net Web Application I do receive this error:

The default Web Access mode for this project is set to file share, but the project folder at "http://localhost/Webapplication1" cannot be opened with the path "C:Inetpub\..."

The error returned was:
Unable to create Web project 'WebApplication1'. The path
'C:\Inetpub\...' does not correspond to the URL
'http://localhost/WebApplication1'. The two need to map to the same server location. HTTP Error 503: Service Unavailable

____________________________

Im quite new with ASP .NEt, So Im clueless with this error. Ive tired searching but i dont have that damn luck yet. So any help would be appreciated. Thank you Very much

It means that you are storing the project files somewhere else than it expected. When you get that error, there is a browse button. Browse to the folder with the project files inside and open one.

Since we're talking about this issue, I have similar problem:

I do all the project locally, it works fine.

When I upload the whole project to the root of my server (including global.asax, web.config, bin directory etc.), the page is processed in a different way - the output HTML consists of calling some javascript functions that don't exist, so the event of clicking the button produce a javascript error !?
I repeat, it works fine on my local comp.

Same thing happens if I don't create the project and upload it, but one single .aspx page. It works fine local, but when I upload it, 90% of it works fine, but nothing happens when I click one button (javascript error).

My problem is Im not opening a project, im creating a new one. Even if I change the folder I still get that error. I think its an IIS related problem, any suggestions regarding this one?

Start > Run > Services.msc {ENTER}

Is the IIS service running?

Start > Run > Inetmgr

Is is running or stopped?

Yes IIS is running. and dont have a clue what this error is all about