Great news! Spotsylvania County is offering a 25% discount on most new construction fees. For example, the fee for building a new home was $0.33 per square foot, but has been dropped to $0.25 per square foot. That translates into a $160 savings in a 2000 square foot home. Even additions and alterations are discounted $0.03 per square foot.
You are probably asking “How does this help me as a consumer?” Well, first off it allows builders to slightly cut costs when building in Spotsylvania. Also, if you already own a home the cost for adding on or making major alterations will be slightly less expensive.
Why is the county doing this? My guess is to spur the building and contracting industry. Building and contracting were a huge part of our local economy prior to the recession, and it generated a lot of tax revenue. Additionally this gives the homeowner some savings when they use these segments of the economy, so its good all the way around.
If you want more info, check out the fee list on the commercial/development area of the Spotsylvania County web site. Happy building!
RayNelson's Real Estate Blog 