If you’re someone who’s been thinking about building your dream home, then there’s no better time than now to get started! The cost of building supplies is only going up, and waiting for prices to come down or interest rates to drop could lead to serious disappointment.
In fact, waiting for prices or interest rates to go down is a risky strategy that likely will not pay off in the long run. Consider this – in 1971, the interest rate for a mortgage was 7.33%. If you had waited for interest rates to fall, you wouldn’t have purchased a home until 1993. You would have rented for 22 years waiting for rates to drop, meanwhile the value of real estate quadrupled.
The same principle applies to building in today’s market. We understand that rates are an enormous concern for families looking to buy or build a home right now. Higher rates can translate into higher payments, which can put a strain on family budgets. However, when rates drop, demand will increase once again and surely raise the prices of existing homes and pricing of materials, potentially still knocking you out of the building. If you can still make it work within your budget, this is undoubtedly the best time to build that Dream House. Here’s your best scenario: don’t delay, get a FREE Estimate and build your brand NEW Taylor home now! When rates do fall, you’ve beat the rush of people that will flood the market, you’ve locked in your price before it inevitably rises, and because of our Pocketbook Protector Guarantee we will pay for your refinance to the lower rate; freeing up extra money in your budget to spend however you wish! With an impending price increase on February 1st, there will never be a better time than right now!
Bottom line: if you’re ready to build your Dream Home, “Marry the house and date the rate.” – While the interest rates may fluctuate, the value of the home will only increase with time. So, don’t wait to buy real estate. Buy real estate and wait. Want to learn more about how we can put you in your forever home? Contact us today to begin talking with a new home consultant!
