Hanover homes could soon become cheaper - NBC12 - WWBT - Richmond, VA News On Your Side

Hanover homes could soon become cheaper

HANOVER, VA (WWBT) -

Hanover County is hoping to spark new home projects by getting rid of a construction fee.

The recession really slowed down home construction and this means buyers could pay thousands less for a new home. 

Chris Balducci has been building homes in Hanover County for 27 years.

"It's a different world," Balducci said. "Five years ago, things were just busting at the seams to a very, very, very slow pace at this point in time."

He has to pay nearly $20,000 to the county every time he completes a home. That flat fee is then passed on to the new homeowner.

A new committee in Hanover will try to figure out how to rid of this fee. Many hope this will help people like Balducci build more homes - and more importantly, invest more money in the community.

"To knock off that much off the cost of a house, would it help? Absolutely," he said.

Right now the money collected every time a new home is built goes to pay for libraries, Fire and EMS as well as roads. Now this new committee will have to figure out where it's going to be able to make up that money.

Balducci says more people will be able to afford a home if he can knock $20,000 off the price tag. He says this won't cure everything that's wrong with local home construction - but it can't hurt.

"We've been hit with so many negatives in the last four, five years or more," he said.  "Anything in the right direction would be a positive. This would be a huge step."

This new committee will be made up of developers, members of the planning commission, board of supervisor members and regular citizens. County leaders hope to figure out a way to get rid of this tax by the end of the year. 

Copyright 2012 WWBT NBC12.  All rights reserved.

  • Latest news from NBC12.comNEWSMore>>

  • AP Explains: What is net neutrality and why does it matter?

    AP Explains: What is net neutrality and why does it matter?

    Thursday, December 14 2017 12:24 AM EST2017-12-14 05:24:37 GMT
    Saturday, December 16 2017 1:46 AM EST2017-12-16 06:46:48 GMT

    "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.

    More >>

    "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block.

    More >>
  • Friend says story of woman mauled to death by own dogs doesn't add up

    Friend says story of woman mauled to death by own dogs doesn't add up

    Friday, December 15 2017 11:47 PM EST2017-12-16 04:47:23 GMT
    Bethany Lynn Stephens was found dead late Thursday. (Source: Facebook)Bethany Lynn Stephens was found dead late Thursday. (Source: Facebook)

    A woman who was found dead in a wooded area was mauled to death by her two dogs, according to the Goochland Sheriff's Office

    More >>

    A woman who was found dead in a wooded area was mauled to death by her two dogs, according to the Goochland Sheriff's Office

    More >>
  • Police investigating death at Henrico gas station

    Police investigating death at Henrico gas station

    Friday, December 15 2017 11:41 PM EST2017-12-16 04:41:48 GMT
    (Source: NBC12)(Source: NBC12)

    Police are investigating the death of a man in Henrico Friday night.  It happened before 10 p.m. at the Exxon gas station on Mechanicsville Turnpike near Crump Street.  Further details on the victim and how he died are still unknown.  Police have not said if there is a suspect in the case and are asking anyone with information to call Crime Stoppers at 804-780-1000. Stay with NBC12 for the latest on the investigation. Copyright 2017 WWBT NBC12. All rights...

    More >>

    Police are investigating the death of a man in Henrico Friday night.  It happened before 10 p.m. at the Exxon gas station on Mechanicsville Turnpike near Crump Street.  Further details on the victim and how he died are still unknown.  Police have not said if there is a suspect in the case and are asking anyone with information to call Crime Stoppers at 804-780-1000. Stay with NBC12 for the latest on the investigation. Copyright 2017 WWBT NBC12. All rights...

    More >>
Powered by Frankly