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Active Housing Market Gives Prospective Homebuyers More Choices.

There has always been perception that existing houses are always less expensive than new construction. That myth is debunked in the Lynchburg, Virginia housing market. In Lynchburg, as well as many other markets, people are now realizing that they can build their own custom home at a comparable price to buying a used home.  Another issue when buying an existing home are the repairs that may be needed. “ It’s a beautiful home except that it needs a new roof or a new furnace and air conditioning” or “ I love the home except for the kitchen or bathroom.”  Those are added costs that need to be figured vs. everything being new and exactly what you choose when building.

While real estate numbers are ever changing, according to the website, Trulia, the median home price in Lynchburg from mid-summer into fall 2018 was $169,900, with an average square foot cost of $119.00. The median number represents half of the homes sold were either above or below that median amount.

The numbers bear out, that building a new home with your choices, on the land that your choose, is a viable and cost-effective way for you to fulfill your home building dream. The final cost of your home will depend on multiple factors, including the home plan, square footage, optional amenities and home site.

The best way to begin your home building journey is to start asking questions and to consult a David James Homes sales representative near you. Just visit www.davidjamescustomhomes.com/#location to find a convenient location.

 

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