There is a lot of debate on whether it is a good or bad time to build a new home. The answer is a resounding YES! Now is a GREAT time to build a new home!
- The General Contractors that have been able to weather the building market storm are financially strong and reputable contractors. They are the contractors that are booked solid during strong building climates. You can now work with the best in the industry for what you might have paid for the worst in the industry.
- Over the past few years, mortgage rates sank to record lows. While the rates are still low, they are slowly creeping up. Now is the time to lock in your mortgage rate. Don’t make the mistake of waiting for rates to drop, when trends show them to be on the rise.
- Because the construction industry has been at historic lows, costs are low. Many building materials are at their lowest prices in 5 years. Labor costs are low because contractors are willing to work for a little less. On top of this, employers have their pick of the best laborers due to lack of work available.
- One of the most compelling reasons to build NOW, is that the economy is growing. Slowly but surely the economy is getting stronger. Given the information above, you can build your new home with a quality contractor, get a low mortgage rate and have value added to your home with great products. As the economy grows, the equity in your new home will grow exponentially.
Is it a good time to build? You decide. Check out these articles, and do your own research.Read More