1. Yes, it's a whole new look! Have questions or need help? Please post your question in the New Forum Questions thread Click the X to the right to dismiss this notice
  2. Seeing tons of unread posts after the upgrade? See this thread for help. Click the X to the right to dismiss this notice

New Home Prices

Discussion in 'General Chat Forum' started by snoopy, Jan 4, 2005.

  1. snoopy

    snoopy Senior Member

    Joined:
    Oct 8, 2004
    Messages:
    537
    Likes Received:
    0
    Does anyone know if base price for new homes are posted somewhere ?
    ( Just curious what my model is sellling for .. it has been little over 2 years )
    Or is only source of this information each builder's office ?

    Thank you.
  2. teak

    teak New Member

    Joined:
    Mar 26, 2003
    Messages:
    458
    Likes Received:
    0
    Most accurate way to find out is head to the sales office and see if your model is still being sold. Or drive around to the newest section and see if you see the same model. Look up the address in the county records online and you'll see the selling price. It won't be the base but should be close even if the house is loaded with options.

    -Teak
  3. Merlin

    Merlin Member

    Joined:
    Feb 24, 2004
    Messages:
    180
    Likes Received:
    0
    Also, www.homesdatabase.com is usually pretty up to date on sales prices. If you do a search on a price range in the 20148 zip code, you can usually find the new homes listed with the base prices -- at least this was true for Van Metre Homes that are still being sold.

    I'm sure you will be pleased when you do find the current price. Our base price has gone up almost $120k in one year.
  4. southernwalkres

    southernwalkres Member

    Joined:
    May 19, 2004
    Messages:
    433
    Likes Received:
    0
    More good news for Southern Walk courtyards homeowners...

    I heard the model sold for (in the neighborhood of) $729,000!! When will it ever stop?!?
  5. snoopy

    snoopy Senior Member

    Joined:
    Oct 8, 2004
    Messages:
    537
    Likes Received:
    0
    As long as people are willing to pay .. I guess there is no end in site ... Just checked my model price and am very pleased !! :D

    I can almost put up with all the airplane noises !!
    :(
  6. volvo_nut

    volvo_nut Member

    Joined:
    Aug 19, 2003
    Messages:
    349
    Likes Received:
    0
  7. TigerFan

    TigerFan Member

    Joined:
    May 22, 2003
    Messages:
    172
    Likes Received:
    1
    I also want to add a bedroom above my garage, anybody had this done? Or know of any quality contractors? I can't even guess how much this would cost.
  8. snoopy

    snoopy Senior Member

    Joined:
    Oct 8, 2004
    Messages:
    537
    Likes Received:
    0
    I think this one is the acutal model house for sale..with all the options put in .. the house next to Van Metre's sales office ...
  9. mdr227

    mdr227 Member

    Joined:
    Aug 9, 2004
    Messages:
    322
    Likes Received:
    4
    It is a bit scary to see how quickly the home prices have gone up. I bought new 3 years ago and have already seen at least a $200k increase (great investment return) and they are still going up. I have no idea how a first time home buyer can afford to live in this area or someone not making a high income.
  10. Carol Al-Ajroush

    Carol Al-Ajroush New Member

    Joined:
    Nov 30, 2003
    Messages:
    819
    Likes Received:
    0
    I agree... we are refinancing and learned that the appraisal was $220K more than what we paid two years ago.
  11. kat

    kat New Member

    Joined:
    Oct 15, 2004
    Messages:
    101
    Likes Received:
    0
    Congratulations to you all! I wish we had bought when you did. We are currently renting and are a young family. We have no idea what to do! We just checked in on some new condos. being built in both Belmont CC area and Brambelton- all of which are in the mid to upper 300's. Not to mention HOA's there are running about $300/month (rough estimate). We are so stressed!
  12. mdr227

    mdr227 Member

    Joined:
    Aug 9, 2004
    Messages:
    322
    Likes Received:
    4
    I definitely understand your stress. For first time homebuyers there are some good mortgage programs (up to 100% financing without PMI) available and rates are still low. I would look into new construction (try Brambleton also) and see what might be available in terms of closing costs assistance or other incentives. If you can get in on a community right when the sales start prices are usually the lowest. By the time you actually move in you will already see your home value go up quite a bit. However, I can't imagine that the market can support the prices homes are going for these days and continuing to rise. Most homes that were in the 400's a few years ago are above 700k now and townhomes are approaching and exceeding 500k.
  13. marielaveau

    marielaveau Voodoo Queen

    Joined:
    Apr 6, 2004
    Messages:
    243
    Likes Received:
    2
    another option would be the smaller Miller and Smith townhomes. The interior units with garages are generally selling for around 350. They are good for a small family, but be ready to pounce on one once it goes on the market. They go quickly because they are one of the last affordable options in the area. The HOA fee is also not too bad. :)
  14. Barbara

    Barbara Member

    Joined:
    Aug 9, 2004
    Messages:
    666
    Likes Received:
    0
    Re Kat's remarks on new construction and HOA fees: What do you all think of the bulk contracts that comprise such a large part of some of the larger fee scales? We have a 10-yr bulk contract with Adelphia that expires this year, but it only makes up ~$12.50 of our fee. We have a small group here that is pushing hard to enter a bulk contract for a fiber retrofit, and holds up Brambleton as an example--but doesn't tend to discuss their much-larger fees, of which I believe ~$180 is their bulk telecom. I know you have something similar in your Southern Walk neighborhoods. The discussion ongoing here now has to do with whether or not to enter into any bulk deals, and if so what kind. Our fees are very reasonable right now (approx $70 for SFD), and a lot of people are a bit leery of entering a multi year deal at possibly greatly increased monthly fees for something everyone may not be interested in. The rise in assessed value, the limiting of the supply of land which drives up the cost of a home in the face of relentless demand, taxes and fees all factor together in the discussion. What are the plus/minus discussion points up there on what you get for your fees in different communities?

    Barbara Munsey, from South Riding.
  15. sasha_j

    sasha_j New Member

    Joined:
    Mar 23, 2004
    Messages:
    177
    Likes Received:
    0
    Barbara,

    Prior to entering negotiations with a new community telco or FTTH provider, you would do well to read this thread on the AV Science Forum. It is titled:

    >>> Brambleton, VA - Verizon <<<

    But it was recently renamed from:

    >>> Brambleton, VA - Gatehouse<<<

    See:

    http://tinyurl.com/7yxcl

    While much of the thread is HDTV specific and may not interest you, there are some interesting nuggets from a contractual standpoint. FYI, Gatehouse did so poorly as a CATV provider at Brambleton that they were recently replaced by Verizon.

    If your HOA is homeowner-majority I think you have better negotiating "legs" to stand on, as opposed if your HOA is run by the developer.

    Beware that FTTH still has substantial growing pains and IMO, offers monopoly pricing, above the marketplace.
  16. sasha_j

    sasha_j New Member

    Joined:
    Mar 23, 2004
    Messages:
    177
    Likes Received:
    0
    The HOA fees in Brambelton might choke a 1st time buyer. They run 200+ bucks and that doesn't even include your POTS line or cable box!
  17. boomertsfx

    boomertsfx Booyakasha!

    Joined:
    Feb 14, 2002
    Messages:
    2,222
    Likes Received:
    22
    It's nice to have a HOA to control what your neighborhood looks like, but $200... that's just crazy!
  18. kat

    kat New Member

    Joined:
    Oct 15, 2004
    Messages:
    101
    Likes Received:
    0
    Thanks for both the advice and sympathy. At times, it feels like we must be the only one's stressed over the prices. It really is like winning the lottery for those that bought a few years ago. My husband already has a long commute into the city, so we really don't want to go much further out. And then there is Maryland. But, we just love VA :) At any rate, I am going to head over to Miller & Smith today and also check out the creative financing that was mentioned. THANKS!
    (Oh, I have no idea what to think about the HOA fees. As a renter, I have yet to consider that. I do know that if we went to Belmont CC or Brambleton, we wouldn't be able to afford the HOA,our mortgage, toll road fees,etc. Those HOA fees are like a car payment. )
  19. snoopy

    snoopy Senior Member

    Joined:
    Oct 8, 2004
    Messages:
    537
    Likes Received:
    0
    On top of the HOA fees .. some communities have mandatory contracts .. such as OPENBAND !!
    When is this tide going to turn in favor of home buyers not the builders !!
    [xx(]
  20. boomertsfx

    boomertsfx Booyakasha!

    Joined:
    Feb 14, 2002
    Messages:
    2,222
    Likes Received:
    22
    When you live in a state that likes to protect it's consumers and not the big corporations.... =)

Share This Page