This year has presented a difficult market for homebuyers and those wanting to build. Between rising interest rates and increasing costs of materials, many people are putting their dreams of building a home on hold until prices come back down. Although this can seem like a logical answer, waiting isn’t necessarily the best option. Here are a few of the reasons that you should still move forward with your new home build.
Waiting may cost you more in the long run.
Of course you should only buy or build a home that you can afford. However, if you are waiting for interest rates or prices to drop, it might not actually be worth it. While costs and inflation may even out, long-term prices historically are always going up. You may regret putting off living in the home of your dreams while waiting for prices to drop to a level they may never reach again.
Building your home allows you to make choices that will affect overall cost.
A great benefit of working with us as your home builder is that you have plenty of options to choose from. We will design your home with your budget in mind. Many small choices can add up to significant cost savings.
You can plan for future projects.
Rome wasn’t built in a day, and your home doesn’t have to be either. Do you want to eventually have a finished basement? Leaving it unfinished for now will certainly keep costs down. Hoping to install a home gym or theater room? Incorporate a bonus room into your design plans now, which can be converted into the space you want later.
New homes are more efficient.
There are many energy cost savings associated with building a new home. Between codes, new methods of building, and advances in materials, you will likely be surprised at how much those savings add up.
If you’re ready to build your new forever home, don’t let the market stop you. Turn your “somedays” into “today,” and reach out to us to get started.