Market Snapshot
Richmond features many of the best homes builders and new construction home designs in Virginia. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Richmond has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Richmond area. In fact, there are 204 new homes for sale in Richmond with a good selection of cheaper homes starting at under $400K.
How to Find Homes in Richmond For Less Than $400K?
Builders see the growing demand for homes under the $400k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders use value engineering techniques to reduce the cost of construction and keep prices increasing too much. Smaller lots, standard-sized materials, and evening the pace of building can help deliver high-value for the cost. The results are delivering similar quality at lower prices.