To give you a better idea (since I always like looking at real estate!), here are a few very random examples of some houses for sale in our area (with none of the important details - this post would probably make a real estate agent cringe!).
Here are a couple of options in our current town, Oakton:
|Practically non-existent lot - $1.1M|
|New construction, very big house - |
but it's $2.9M!!
|New townhouse community - |
starting from the $700s-$800s
Further northeast in the county it's even worse. Like in McLean? Ridickles.
|Comparable size house/lot |
to ours - $3.0M
|.18 acres, icky house - |
$600s (our price range)
|And just for fun - this one's|
listed for a cool $32.0M
The town where we ended up buying our land, Burke, is definitely on the more reasonable side (otherwise we never could have afforded to buy land there!), but still it's tough to find something that's a great fit or that isn't just a little too expensive.
|House we could actually afford - |
|New houses, itty bitty lots - |
from the mid $700s
|Similar to ours but smaller & much smaller lot - $700s|
So to get what we wanted within our budget, it just seemed like it made the most sense to build our own house, on our own lot. Which is not to say that we're getting everything we want - we certainly had to make some concessions, but I feel like building gave us some more flexibility to pick exactly which concessions we wanted to make.
Even though the process can be really, really (really) slow. C'mon house, can't you just be built already?!