When it comes to buying a new home, many don’t consider the option of having their home built. Well for one, it will usually cost more to build a home than to buy an already built home.
But what do you lose when you don’t build your own home? Customization for a home to fit you and your family’s needs for example. When buying an already built home, you also run the risk of inheriting hidden problems. Maybe there is rot and mold where you can’t see it. Maybe there are foundation problems. Maybe electrical isn’t up to code. They often say you get what you pay for and this applies to homes as well.
However, working with a Virginia home builder like Mike Crisci and the Virginia Builders team has many benefits that can be worth the expense. Such as mentioned above, customization for you or your family. When working from the ground up, you have the chance to work with a home builder and relay your wants and desires of a new home to be worked into the plans. Get the rooms you want. Have the kitchen of your dreams. Get creative with all the built-in storage options you could have that older homes don’t have. Even if you are just wanting a renovation, home builders can assist you in gaining the changes you need.
Another glaringly obvious benefit to using a Virginia home builder like Mike Crisci and the Virginia Builders team is that the home will be so new and beautiful. Homebuilders have the knowledge and expertise to build a new home up to city code with proper electrical and updated plumbing. Ideally, there shouldn’t be any problems for a long time with a brand-new home. You can rest easy knowing that you invested in a quality home.
Now maybe you aren’t wanting to build a home for yourself or your family. When it comes to selling or renting homes, using a home builder is still a great option. Maybe you want to get into the rental industry and profit from renting out rooms and homes. Buying an already made house can still be costly and time-consuming if you must renovate it yourself. Maybe you don’t have the handy skills to work on it. A home builder like Mike Crisci and the Virginia Builders team can solve this problem by working with you to create or renovate a home that will bring in long term rental income.
Now you may be wondering, why on Earth would it be a good idea to do home building and renovations right now? Despite what 2020 brought to the table, it’s a great time to build or renovate homes. The pandemic brought historically low mortgage rates that fueled people’s demand for homeownership. The housing market in Virginia has remained resilient during the pandemic and demand for homes will be at healthy levels for 2021. As the Covid-19 vaccinations roll out, people will feel more confident about their health and the economy. The world can begin reopening and start returning to a sense of normalcy.
However, despite growing housing demand, the supply is lacking. There will be an increasing trend in home construction and renovation to meet the needs of the demand. If you are looking for a home, you may find yourself competing with other potential buyers and struggle with getting the right home as a result. This is where Virginia home builders play a huge role in the coming year. Get ahead of the curve and get your home built so that you can get your life settled with new stability even sooner.
So maybe you decided to build a home with a Virginia home builder like Mike Crisci and the Virginia Builders team. Now you need to factor in some statistics to help you decide where to build. You need to make sure you choose an area that you can afford to live in. Factor in the cost of living. How expensive are services and utilities in the area? What are the taxes like? Is there growth in the area? Are jobs in the area offering decent pay to make it worth it? There are of course other factors like the education system and the affordability of schools in the area if families with children or college-bound members are a factor.
Building in suburbs is also a great option rather than within such large cities. Take Richmond, Virginia for example. There are multiple nearby suburbs that are great for home building. Glen Allen is very near to Richmond that has schools ranking above average within the state. With even higher-rated schools, Wyndham comes in as a great contender with a population of 10,000 residents. Short Pump, VA is a comfortable and quaint suburb full of coffee shops, parks, and restaurants. It is also a great market for renters which is promising for home builders with the intention of renting out for income. Midlothian is favored by retirees as it is full of old historic locations such as parks and churches. Also full of history, is Manakin-Sabot, VA in which years past, was originally two villages and has shown an above-average growth rate.
Maybe you aren’t in the market to build a home, but you do want to renovate. Mike Crisci and the Virginia home builders team can still assist you with renovations which will save you a lot of time and headache trying to do it by yourself. Whatever your goal is, get top-notch expertise. There’s a variety of experienced home builders just waiting for you to pick up the phone. Don't hesitate. Get started today!