Building Costs Per Square Foot in the State of West Virginia, USA

West Virginia 116 Canto Drive Morgantown WV26508 - 3 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 2,012 sqft - Built in 2022 - Price $359,900

Newly Built House in West Virginia 116 Canto Drive Morgantown WV26508 – 3 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 2,012 sqft – Built in 2022 – Price $359,900

Residential Construction Market Analysis in the State of West Virginia, USA

Building costs are 5% below the national average in the state of West Virginia, and equivalent to the states of Florida, Oklahoma, Maine and Vermont. If you like adventure, and the great outdoors, then West Virginia is for you. The Mountain State is perfect for adventurers not only in extreme activities but also in the real estate market. This state is one of the few that has not been greatly affected by the real estate crisis that is occurring on a large scale in the country.

Properties are selling fast, property prices are expected to come down a bit, and the place is attracting more people, making it the perfect place for investors or for families who want to live there.

In this article we will focus on the particular case of the real estate and residential construction market in West Virginia, talking about what the constructions are like, what the values are, and what are the trends that can be expected in the future.

West Virginia Construction Outlook

Many people confuse West Virginia as a northern state since it is on the border of the region, but it is actually considered a southern state. To understand its constructions, it is necessary to know a little about its climate and its natural composition.

West Virginia has a humid climate on the mainland. In mountainous areas, winter can be a little longer. A few days of extreme temperatures are observed in summer, but during winter there are usually heavy snowfalls in the largest urban centers.

This means that the winters can be harsh, so the buildings must be prepared to face this. The houses are usually made of bricks and cement, and the entrances are prepared not to be completely covered by snow. That’s why there is usually a covered space before the door, so people don’t get trapped by the snow.

There are no very tall buildings, not even in Charleston, which is the capital. However, there are some medium or small building projects that are expected to be ready by the end of this year or early 2023.

West Virginia Housing Market Analysis and Forecast

Despite the crisis in the real estate system that is currently being seen in the country, where prices are rising and supply is falling (among other more worrying things), experts affirm that West Virginia is in a good situation, or at least not so negative.

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