Kel Brunner, Home Buyer in Midlothian, VA

First Time Home Buyer: Can I have a say in what goes in a new condo before building is complete to help bring the cost down?

Asked by Kel Brunner, Midlothian, VA Tue Feb 25, 2014

Creekside off of Creighton Rd, is building condos. If I buy one before they finish buidling...can I have a say in what goes in it? I mean, to help bring the cost down. Can I choose fixtures and flooring and countertops?

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Typically unless this is a very small building or a penthouse you will have very little control over what is put in the unit, beyond options that are offered by the builder. Keep in mind building a condo building is economies of scale. Say its a 100 unit complex the builder makes the units affordable by buying the materials in bulk, ie the same floor, cabinets, tops, appliances and so on in all units. If the builder let each unit owner choose all their own finishes the logistics and construction would be a nightmare and the price would be much higher. Keep in mind if they are already actively building the building the materials for the unit may have already been purchased so changing things will only result in higher costs.
1 vote Thank Flag Link Tue Feb 25, 2014
Thank you very much. I had no idea!
Flag Tue Feb 25, 2014
In Richmond, many of the condos within the city are developed using the historic tax credit program. This program more or less prevents any large scale customization. Secondly, the Richmond VA condo market has not added many new projects since the middle 2000's meaning the chance to customize has really been nil, except for a few upscale smaller projects.

If you would also consider a town home, the Huntt's Row (Fan District of Richmond VA) http://hunttsrow.com will allow buyers to do significant customization.

If you are interested in knowing more about the condo market in Richmond along with the back story to almost every project, you can find everything you need here - http://richmondvacondos.net

Thanks and good luck searching
Web Reference: http://richmondvacondos.net
0 votes Thank Flag Link Sun Mar 8, 2015
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