If you’re considering building your dream home, now is the perfect time to begin! The cost of building supplies continues to rise, making it likely that waiting for prices to drop could leave you disappointed. In fact, biding your time for a decrease in prices can be a risky move that may not pay off. Just consider the example from 1971, when mortgage interest rates were at 7.33%. If you had held off until rates fell, you wouldn’t have purchased a home until 1993, resulting in 22 years of renting while the value of real estate quadrupled.
The same principle applies when building your dream home today. Delaying your project in hopes of lower prices for building supplies isn’t a sound decision, as prices are expected to climb over time.
So, if you’re prepared to take the leap into building your dream home, don’t let the escalating costs of materials deter you. Seize this moment and start your construction journey today. Remember, costs for building supplies are unlikely to drop in the future, so it’s crucial to take action now rather than waiting for a more opportune moment.
The saying goes, “Marry the house, date the rate.” While interest rates may fluctuate, the value of your home will only appreciate over time. Don’t postpone your real estate purchase—buy real estate and let time work in your favor. For insights from our CEO, Chris Taylor, click here.
Ready to embark on building your dream home? Contact us today to connect with a new home consultant! Don’t wait—start your home-building journey now.
Current Promotions
While you’re dating the rate, we’re doing everything we can to make your new home more affordable. Right now, take advantage of this month’s promotion: $18,000 in dream upgrades OR up to 5% off the base price!
