If you're in the market for a new house, now's the perfect time to jump in. If you planned to wait until the economy improves, change your plans. If you don't think you can have a custom home, change your way of thinking. Many people are waiting for the economy to improve. Those delays have added to the market stagnation. Not only that, a lot of people think it's better to buy an existing home. That couldn't be farther from the truth. Here are four reasons you should have your new home built right now.
Get More House for Your Money
If you're on the fence about building a house right now, think about the money you'll save. Interest rates are at an all-time low. That means you'll save money over the life of your home loan. Not only that, but other costs are down as well. Also, because of the shutdown, you may pay less for the construction costs. With the money you save on the costs, you can afford to add to the design of your new home.
Choose Acreage Instead of a Lot
If you're in the market for a new home, get the space you want for your family. When you buy an existing home, you're usually limited on lot size. That's because most existing homes are part of larger planned communities. But, when you have your new home built, you can decide where you want to live. That means you can buy acreage instead of a small lot in a planned community. Not only that but with the current economic conditions, you may pay less for the land.
Take Advantage of a Slow Housing Market
If you're anxious to get into your new home, now's the time to build. When the housing market is strong, contractors get busy. That means you might need to wait for the project to start. Not only that, but you'll also wait for everything else too. That includes the inspections and the permits. Now that the housing market is at a standstill, you can make it work to your advantage. With contractors losing business right now, you can put them to work on your new house.
See Your Own Home Visions Come to Light
If you're ready to have a home of your own, make sure it's also the home of your dreams. When you buy an existing home, you're buying someone else's vision. But, when you have your new home built, you get to see your own dream home come to light.
For more information, contact a new home build contractor.Share