In the midst of the COVID-19 pandemic, one market saw new. For the last two years, the housing market saw quite the boom.
Despite a pandemic drastically changing normal life, housing sales skyrocketed to levels not seen in years.
It’s somewhat complicated, but there are three contributing factors:
- Lower mortgage interest rates
- Millennials entering the market as first-time homebuyers
- Homeowners realized they needed more space as the COVID-19 pandemic forced them to spend more time at home.
We’re often contacted by home buyers who think building a custom home will be easier on their wallets than purchasing an existing home. Many think the custom home building process is an expeditious way to get into their next home. Their perception is largely fueled by what they are seeing as a result of the housing boom — limited housing stock, bidding wars, price escalation, and many homes requiring varying levels of investment to be brought up to date.
While there is an ebb and flow to the real estate market, custom home building remains a steadfast option for those who want a home that’s truly theirs.
While constructing a new home isn’t necessarily faster or less expensive than purchasing an existing home, there is a value in building your home that you can’t put a price on.
Moving into a home is a major milestone in life — the kind where you take a picture with your family to remember the moment. Imagine walking into your newly constructed home and already knowing every square inch of it. Imagine the peace of mind you’ll have not having to worry about any surprises from the last owner which can negate any cost savings.
Building a home is a long-term investment — you can rest assured it was constructed using modern materials and to the latest building standards.
Most of all, imagine the sense of pride you’ll have knowing that your home is one you designed to meet all your needs.