If you are thinking of buying a home, there truly is no better time than now. With today’s low mortgage rates, buyers have a great opportunity to get more home for their money. There still may be limited inventory, leading to more buyer competition and bidding wars, but more inventory is entering the marketplace each day.
If you are having a challenge finding a home that fits the bill, it may be time to talk to your trusted real estate advisor about building. New home construction is ramping up. Although, new construction won’t completely solve the housing inventory shortage, it does mean that more options will soon be available as you continue your home search.
A newly built home may just be exactly what you have been looking for. It’s brand new and uniquely yours, not to mention there typically is builder customization options. Lumber prices and supply are beginning to improve, which will allow builders to be able to increase their production for the second half of 2021. Not to mention, newer homes mean lower maintenance costs during the early years.
Don’t let the lack of inventory deter you from purchasing a home. The increase in new construction will allow more options for buyers. Give our office a call today to learn more about finding your dream home. We can help you discover newly built homes in the area.