As the leaves begin to change and the air gets crisper here in the Richmond area, fall brings in more than just cozy sweaters and pumpkin flavors—it also brings unique opportunities for homebuyers. At Main Street Homes, we believe that this season, more than any other, offers an ideal time to make your move into a new home. Not only are market conditions in your favor—but you can also take advantage of historically low interest rates and benefit from the incredible value that newly built homes now offer. Read below as we guide you through why fall 2024 is the perfect time to make your dream of homeownership a reality.

A prime time for lower interest rates

Thanks to the recent decision by the Federal Reserve to reduce the key lending rate by half a percentage point, mortgage interest rates have become more favorable for buyers. With rates now in the 4.75% to 5% range, financing a new home has never been more affordable—especially with our current 4.625% offer on select homes. This reduction in interest rates means you can secure a lower monthly mortgage payment, giving you more purchasing power and peace of mind for the future. By locking in these rates today, you're ensuring that your financial commitment remains predictable and manageable over time.

This is especially important for buyers who want to maximize their budget without compromising on quality. At Main Street Homes, we build with a commitment to craftsmanship and style while keeping affordability in mind. By choosing us this fall, you can move into a high-quality, energy-efficient home without stretching your budget.

Get more bang for your buck

In the current housing market, new construction homes in RVA like ours offer better value than resale homes in many cases. This fall, the gap between new and resale home prices has narrowed, and in some instances, new homes cost even less than older properties. When you buy a new home, you're investing in modern designs, brand-new materials and the latest technology—including energy-efficient features that older homes often lack. Over time, these features can save you money on utility bills and maintenance costs, making a new home a smarter long-term investment.

Our homes are built to meet or exceed the higher standards set by the Environmental Protection Agency (EPA), using durable name-brand products and valuable standard finishes. Plus, with a new home, you won't be facing the immediate repairs or renovations that often come with a resale property. You’ll be able to move in with confidence, knowing your home is built to last.

Predictable building process with Main Street Homes

Fall is also an ideal time to start the home-buying process with Main Street Homes because we offer a smooth, predictable building schedule. While buying a resale home may come with surprises, such as hidden costs or lengthy closing times, our process is designed to be stress-free and transparent. You’ll work with our knowledgeable team every step of the way, ensuring you stay informed and enjoy the experience. 

Unlike custom homes, which can come with many unknowns in terms of timing and expenses, our homes offer personalization options without the added complexity. You can make design choices that reflect your personal style while benefiting from a streamlined, on-time construction process. By starting your home search now—or selecting one of our move-in ready new homes throughout RVA—you could be settled into your beautiful new home just in time to enjoy the holidays.

Join the Main Street family this fall

At Main Street Homes, we’re proud to offer new homes in RVA that blend quality craftsmanship, modern conveniences and affordability—and there’s never been a better time to experience the Main Street difference. With reduced interest rates and the financial benefits of new construction, you’re in a prime position to find a home that meets your needs and exceeds your expectations.

Whether you're looking for a townhome or a single-family residence, we have options to fit your lifestyle, all in desirable communities throughout the Richmond, VA area. Don’t let this opportunity pass—reach out to us today at (804) 979-2954 or fill out our online form, and let’s get started on making your dream home a reality this fall.