Is it smart to consider building a home In Columbia or surrounding areas this year? Despite inflation concerns and ongoing production bottlenecks, the Builder Confidence Index edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Custom home building in the New Year is a good move. Builder sentiment in the market for newly built single-family homes moved one point higher to 84 in December 2021, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Interest rates are still way down and construction prices have gone down slightly, so now might be the perfect time to hire a builder. We all know that, because of our nemesis called COVID, the supply chain for building materials has been affected, but we’re seeing that repair itself as well. Things can only improve more in 2022.
Why Build From Scratch
Building a property from scratch is often more valuable than buying one. Creating spaces that are currently in trend, for example, will mean that you’ll not only have exactly what you want well into the future, but your resale value on the home if you DO leave it will be much higher.
You Can Avoid Potentially Problematic Areas
By opting to build a home, you can consult town planning experts to decide where is the best place to live for 2022 and beyond. Neighborhood trends, commercial building areas, road planning – these are all things that you can get in front of when choosing to build your home from scratch.
Resale Value May Remain High
They say you get back what you put in. When it comes to custom built properties, this is definitely true. If you invest in fine appointments and consult a highly reputable builder (LIKE US), the resale value down the line will definitely reflect that. Everything built with quality with updated trends will make your home’s value go up and up!
If you want to build your own custom home on the perfect piece of property, work with a trusted and extremely talented builder (like Tony Carnaggio at Lady Street Builders), you can have exactly WHAT you want WHERE you want it.
If you’d like to speak with someone about building a home in 2022, call on Lady Street Builders. We have a terrific array of plans to inspire you, we could build from your existing plans, or we can build your home from the bottom up. We’ll build on your existing land or we have properties that you may like. Contact us today.