Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, October 26, 2018
New Homes
Between 2000 and 2012, three centrally located townhouse developments were built in Harrisonburg:

Some of these townhomes were purchased by investors.  Some were purchased by folks who have since sold and left the area.  Some were purchased by folks who have since sold and bought a new, larger home, in or near Harrisonburg

But I believe a lot of the original (or second) owners of these 614 townhouses are now looking around Harrisonburg wondering where they will, where they can go next.

I believe our market desperately needs mid sized detached homes to be built, as these many townhouse owners are now older, often have started a family, and are looking for more space -- but can't jump up to buying a $350K to $400K home.

What might these mid sized detached homes look like?  Perhaps....

  • 1750 SF, 3 bedrooms, 2.5 bathrooms, one-car garage
     
  • 1950 SF, 3 bedrooms, bonus room, 2.5 bathrooms, one-car garage
     
  • 2150 SF, 4 bedrooms, 2.5 bathrooms, two-car garage
So -- who is going to build them?  And where can the be built?  In many conversations I have had lately, one of the main challenges is finding land that can be purchased at a price that will allow for the development and construction of this type of housing without making them $350K homes.

Note: This was written a year go -- and republished today -- and sadly, I don't think much has changed or improved over the past year.