What to do if you like a particular area but like none of the homes available on the market? Or, what if there just isn’t anything available for sale?
If you are to believe the ads displayed on bus shelters around Tysons Corner (and in particular around the Pimmit Hills neighborhood), the simple answer is to build a new home on your own lot.
The options range from fully custom (expensive) to a spec home with few or no structural options (less expensive.) Besides the obvious advantage of being able to build your dream home, how much would it cost?
Apart from some limits on financing (finance lot, construction loan etc), building a typical new home in Falls Church may include the following:
Purchase Lot (Pimmit Hills lot – $425,000), site prep ($75,000), holding cost ($20,000), home itself (NDI Broadmont $313,900) = ~$833,900.
The $833,900 assumes you don’t do any major changes and updates to the standard model. Also, site prep is often an unknown and you have to make sure the lot you choose can support the model you like (setbacks, resource protect zones etc.)
In a normal market $833,900 would get you a great existing home in the Tysons Corner area (Vienna, McLean, Falls Church.) But, building a home on your own lot may be a great way to get the dream home exactly how they want it for some.
At Soldsense we specialize in Tysons Corner real estate. Contact us so we can show you how we can help you buy, sell or lease a home.