2021 Is The Year to Build a Custom Home–Here’s Why.
If you’ve been wanting to build a custom home, there is really no time like the present. We say that a lot, but in this case, it’s really true–2021 is set to be a great year to make your custom home dreams a reality. Here’s why:
1. Mortgage rates
Mortgage rates have plummeted.
Though property values continue to go up, mortgage rates are at an all-time low, dropping a full percentage point to 2.59% (15 year), and 3.13% (30-year)according to Freddie Mac. https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-drop-hitting-another-all-time-low.
Financing your dream home has become more attainable than ever, but as 2021 wears on, these rates are expected to start rising again. If you can strike while the iron is hot, you’ll be glad you did.
2. Time
The pandemic has kept some of us extraordinarily busy, and given others a suddenly very open calendar. But with the absence of social gatherings, fewer in person meetings, greatly reduced travel, and more home time in general, there’s no denying that if you have a large project you’ve been waiting to tackle, now is the moment to take it on.
Hamilton Homes strives to make the process of building your own custom home exciting and easy by guiding you through the process step by step–nevertheless, like any major life improvement, it takes time and energy. You might find that right now, you have more of those things than you usually do.
Though it may happen slowly, life will likely return to its normal hectic pace. Why not take the time you have now, and sink it into something that will be meaningful to you and your family for years to come?
3. Pandemic bargains
There’s a lot that goes into a custom home, and right now, you may be able to get those things at a lower price, as producers and retailers wish to stay competitive. Furniture, flooring and electronics are all items that may be temporarily on sale.
By purchasing now, you might be able to buy these tertiary parts of your build for a better price, or you might be able to get more luxury than you thought possible for your budget.
You can take advantage of this pandemic sale and buy products and materials at cheaper rates for your home.
4. Lower selection of already built homes
If you’ve been keeping your eye on the real estate market, you’ve already noticed that pickings are slim, and desirable houses get snatched up fast, many of them for higher than the asking price.
Mortgage rates and a reluctance to sell have created a seller’s market. It isn’t impossible to find a good home that suits your budget, but it’s difficult. And odds are, you will end up sacrificing something that’s actually important to you.
If you plan to build a custom home now, you can take advantage of the great interest rates without being frustrated by the lack of selection.
5. When we can gather again, you’ll be ready
Frankly, we have lost time to make up for. All the missed birthdays, family dinners, forgone graduation parties…they were not skipped. They were postponed.
People have missed each other dearly. When you build your custom home you’ll have space for everyone to come, be comfortable, maybe even settle in for a while. The space for getting reacquainted in the future is invaluable.
Lets start fresh
Let Hamilton Homes help you begin 2021 with a plan, and a positive vision of the future. If 2020 taught us anything, it’s that nothing is certain. Rather than avoiding the big leaps in our lives, we should take them now, while we have the opportunity.
Here’s to a better, healthier, happier new year! And if you’re ready to take that leap contact us today and we’ll get started right away!
