Find the Best Home Builders in Richmond, VA

How to find a home builder in Richmond

Finding a home builder in Richmond takes careful consideration. Interview multiple companies to discuss your goals and expectations. Read customer reviews to learn about the company’s record of building high-quality homes on time and on budget. Check if the company belongs to industry associations that set professional standards.

The following are other important ways to ensure you work with a reputable builder:

• Check contractor licenses with the Board for Contractors of the Virginia Department of Professional and Occupational Regulation.
• Look for companies with experience building homes that will stand up to the region’s humid weather and seasonal flooding.
• Ask about customization and upgrade options you’re interested in, like energy efficiency or custom flooring, and what experience the builders have with these features.
• Talk about how the company will help you obtain the proper permits for building in the City of Richmond.
• Discuss water conservation features and the availability of specific utilities.
• Choose a company with a workmanship warranty and additional warranties that cover exterior and interior components.

How much does it cost to build a house in Richmond?

The average cost of building a home in Virginia ranges from $200,000 to $560,000. In Richmond, the median home price is $265,000, so in some neighborhoods it might be cheaper to build a new home than to buy one. In general, though, building a new home is typically more expensive than buying an existing one.

The cost of building a new home depends on location, home type, materials, design and customization options. A luxury, high-end home costs more to build than a new tract home with prefabricated components. Upgrades like custom flooring, granite countertops, premium appliances or dual-pane windows raise the price of a customizable home.

Types of home builders and homes in Richmond

Richmond home builders specialize in luxury, custom, tract, mobile and manufactured homes. Richmond is experiencing an increase in new home building in planned neighborhoods and 55-plus communities. People are also moving out of the city and building luxury, high-end homes in previously undeveloped surrounding areas. Demand for new homes in Richmond is high.

As you interview multiple home builders in Richmond, ask what types of homes they specialize in, and ask to see portfolios of their work to confirm they build the type of home you want.

Richmond home builders FAQ

How much does it cost to build a house?

Building a custom home costs anywhere from $100 to $200 per square foot. The national average cost to build a new house is about $310,000.

Is it cheaper to buy or build a house?

In general, it’s cheaper to buy an existing home than to build a new one. But in some markets where home prices are high, it can cost less to build a new home on a plot of land you purchase.

Who needs a contractor’s license in Virginia?

According to the Virginia Board for Contractors, a contractor’s license is required if the work being performed is valued at $1,000 or more.

What is the cheapest type of house to build?

Manufactured homes with prefabricated components are typically the cheapest type of house to build per square foot. Tiny homes might cost less overall, but they cost more per square foot because of specialty components and custom design.

How much does it cost to build a tiny house?

A tiny house costs anywhere from $8,000 to $150,000. The average cost is $30,000 to $60,000.