The housing market has seen a number of shifts over the last several years. More and more buyers are asking themselves: should I wait to build a custom home? Allow us to walk you through the decision. With a better understanding of today’s high-demand market, you can make the best choice for your family.
Demand is High for Custom Built Homes
The country’s home building industry grew tremendously over the last few years. Market experts expect demand to remain high. As homebuyers grow frustrated with the limited inventory of homes for sale, they’re increasingly turning to custom build options. Rather than competing for homes that don’t suit their needs, families are opting to build their dream properties instead.
Considering Material Costs
You’ve likely heard about the increasing costs associated with lumber and other homebuilding materials. While it’s true that the cost of materials rose in 2021, experts predict that the market will stabilize soon. There’s no guarantee that these predictions will come true, of course, which is why it’s important to work with a custom home builder who keeps your budget in mind over the lifetime of the project.
Finding the Right Builder
With high demand for custom homes, builders are being more selective about the clients they take on. Buyers should be equally selective when choosing the right builder for their dream home. You want a team that can meet your expectations in light of labor shortages and supply chain issues. Scheduling is important, too. By agreeing to a timeline that works for both client and builder, you’ll be able to adjust to market fluctuations with ease.
Why Build a Custom Home Now
With the housing market on fire, there’s never been a better time to build the home of your dreams. While materials and labor can make the construction process challenging at times, homebuyers can exit the rat race that so often comes with making an offer on an existing property. When inventory is limited, why not start with a blank canvas and invest in a home you’ll love for years to come?
Absolute Construction is an award-winning custom home builder in Chapel Ridge, servicing Chatham County, NC and surrounding areas. When you decide to work with us, you can rest easy knowing your custom home was built with the highest levels of craftsmanship and design. Reach out today to get the wheels of your dream home construction project in motion!