Start your New Custom Home Construction Project now and Save BIG!
Life as we know it may be different and uncertain, but there is no reason to stop making important plans for the near future. If you are thinking about building new or remodeling your existing home, there has never been a better time to start. Here are four reasons why you should begin your new custom home project now.
Low Interest Rates
Interest rates are at an all-time low. With today’s home loan rates hovering around 4% for 15- and 30-year fixed-rate mortgages, prospective new construction homeowners have reason to be motivated. Experts are optimistic, and you should be too. Be sure to find a lender that offer exceptional customer service. You want to feel confident that the lender you choose will be available and responsive to your needs. With the low interest rates, loan term duration is important. As with a fixed-rate mortgage, the interest rate remains the same for the duration of the loan without fluctuation. With the interest rates so low, you can save hundreds of dollars each month freeing up money for your other budgeting needs. At Tice-Hause Design/Build we can help you find a match with one of our preferred lenders so can secure a great rate for your new custom home.
Lower priced Building Materials for New Custom Home Construction Project
Because the housing market has slowed down, consumers are in a position to take advantage of lower material prices, competitive subcontractor bids, and more equity when the home is completed. So essentially, now is the perfect time to build or remodel if you are looking to save money! Suppliers are discounting their materials which means you save! The law of supply and demand dictates price and with the economic factors associated with the global pandemic the demand is lower meaning as a consumer you pay less for building materials, thus saving you significant dollars.
Perfect Weather Conditions for New Custom Home Project
Building a new home or remodeling in the spring allows you to take advantage of the mild weather. Late spring is a great time to build after the ground has thawed and the weather is mild. You can end up saving money starting your project in spring because crews often charge more in sending crews out into the cold. As a result of the mild weather, you’ll experience fewer weather delays and quicker completion times. Also, remodeling in the spring means your contractor can take advantage of longer daylight to get the project done quicker.
This is not your Typical Spring
Now is typically our busiest time of the year, however with the pandemic things are slower than usual. What does that mean? It means your project will be put at the top of our production list and will be completed sooner. Once we draw the plans it will typically take between 4 to 8 months to complete from contracts to final walk through. The amount of time will depend on the size of your project. But because the building business is slower now, your project will be at the top of the list. The good news is you will be able to move into your new custom home sooner.
To learn more about how you can get a head start on your new home construction project and save money, give us call to set up a complimentary consultation at 651-439-3837. You can learn more about us here: https://thdbuild.com