I have a Blackstar HT-5R that I absolutely love. It's tube, only 5 watts, but it will get pretty loud (for home use) and it still sounds great at bedroom volume if that is a concern. It has a hard time keeping up with a drummer though. It runs around $400-450. If you're playing metal, you will need an overdrive with it. I used a cheap Boss SD-1 ($30 new, cheaper off craigslist or whatever) for a long time and it sounded great. Nowadays, I use a Keeley mod SD-1 and with EMGs, the tone is just absurd.
For $400 there are a lot of good choices for guitars. I may have missed it, but do you have a particular style of guitar in mind? I had an Ibanez S470 at one point. It was great for rock and metal, and cost $399 I think. These days I prefer my Les Pauls though. I'm too lazy to have anything but a fixed bridge anymore.
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