Is now a good time to build a custom home?
At the beginning of the pandemic, a trending search on Google was “Is now a good time to buy a home?” At the time, there was so much uncertainty and no one knew what to expect of the future. This was especially true in the home market. We now know there was a huge increase in demand like we have never seen before. The existing home market has since been strained with limited supply and higher home selling prices than ever before.
With the current housing market experiencing a limited supply of existing homes, we are seeing high interest in new home construction.
To help you navigate the current home market, we have some answers to our most asked questions.
With all the costs higher than normal isn’t it more likely that they come down in 2022?
It’s unlikely that it will cost less to build in 2022 than it does now. We do believe that lumber will come down from its highest point but not to the levels that had been the normal range. Other factors like windows, doors, and siding, do not usually decrease in price. We suspect that as the supply chain normalizes, price increases will begin to moderate at a more normal construction price starting in 2022.
Where can I find land to build a home?
We often tell clients that finding land is the hardest part of building your forever home. We can help you find the perfect piece of property to build your custom home.
Where did all this demand for housing come from?
Idaho is one of the fastest-growing states in the U.S. and has seen a huge number of new residents migrating from other states around the country. The largest portion of people moving to Idaho moved here from California. Another significant amount came from Washington state.
Is 2022 a good time to build?
If you are ready, willing, and able to build your forever home then now is the best time to do it. It’s rare in construction that costs decrease. Currently, interest rate costs are low and the time you have to enjoy your forever home is limited, so it doesn’t make sense to wait. Our homeowners that bought last year would most certainly agree.
Get Started With Guardian Homes
In this tricky real estate market, it is more important than ever to have a team of experts that are your guides on your forever home journey. Call us today to evaluate your potential land, discuss financing options, and start on the design of your forever home.
Are you ready for us to build your forever home?
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We are dedicated to giving you the best service possible. There is a reason why we have a reputation for being the best custom home builders, and soon enough you'll know why. Building quality homes is our specialty, and we look forward to working with you!