There are many great Central Virginia area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (434) 260-1885 for a FREE home buying or selling consultation to answer any of your real estate questions.
New Construction in Charlottesville and Richmond
Here are some numbers regarding new construction:
- Charlottesville currently has 369 new construction properties on the market
- Richmond currently has 858 new construction properties on the market
- Charlottesville has had 153 new construction sales
- Richmond has had 455 new construction sales
Once you find a piece a property and decide that you want to build a home, there many banks that can help you obtain financing. For example, Stellar One is among many brokers that process new construction loans.
From that point forward, the bank will price the loan amount based on after-approved price of the property. This means that the bank will determine the loan amount by appraising the property and establishing its value using today’s market prices, upon completion.
Keep in mind that the completion date can range from three months to a year – this all depends on how big your home will be and what you will have done to it! This process showcases how great new construction is – you are able to pick the interior options you want, the size of land you want, and you are also able to pick your surroundings.
If you have any questions, feel free to reach out to me by phone or email. Thanks and have a great day!
