You may be asking yourself, is now a good time to build a custom home? Some clients may have reasons to wait, but for most people, now is the perfect time to start building your new custom home, and here’s why.
Get the land you want
Finding the right property to build your custom home can be challenging, but with more and more land being claimed, it’s best to get it while you can. The 2021 housing market is great for sellers, but the demand for homes is greater than available inventory. Lots are getting purchased for new home construction, so it’s important to choose your desired location and get land while you still can. By purchasing your lot now, you can build your own custom dream home in the perfect location for you!
With interest rates low, now is the ideal time for financing a new custom home. While construction prices may seem high, the low interest available after the Federal Reserve slashed rates recently means saving big money on a mortgage. This opportunity won’t be available forever, and in 2021 you can likely pay less than you might have back in 2019! It’s a great time to take advantage of low interest rates while you can!
Building a custom home takes time, from purchasing supplies and designing a floor plan, all the way to construction and move-in. Think about when you want your home to be move-in ready, and plan now to achieve that goal.
Demand may rise
With people putting off their custom home project because of the pandemic beginning in 2020, there’s no telling when demand may pick back up. If you want to make sure you have a builder secured and a timeline for completion of your new custom dream home, it’s important to get started now. That way, if demand picks up as new customers start projects they’ve been putting off, you’ll already be well on your way to a new home!