Thinking of building a home in 2021? Here’s why it is a good time to do so.
2021 is markedly better than 2020 so far, but it still has come with its challenges. Looking for a new home has presented unprecedented challenges to home buyers in Maryland and other states, such as higher competition for existing homes and cost issues. At the same time, these issues might not be as bad as one suspects and could even turn your situation around for the better. Below are several reasons why it’s a good time to build a home in 2021.
Less Competition
In 2021, competition for a new home has risen significantly to the point that, in some areas, there are more realtors than houses for sale. With fewer homes on the market, there are more bids on the same property. One can expect to see fiercer competition in the real estate market. However, new construction housing is also an option. With a custom home build, one can expect less competition for a given home site and perhaps get a better deal than you might with an existing one.
Cost to Build a Home
The cost to build a home in 2021 has risen due to the surging price of lumber. On the other hand, so has the value of an existing home. When the price of lumber rises, so does the value of your home. A home is worth what it would be to build it today rather than whenever it was built; therefore, one can expect the increased home value to help cover the cost of building a new house. Plus, mortgage interest rates are still low. Overall, it is still a good time to build a home in 2021.
One-of-a-Kind Opportunity
Building a custom home on the Maryland waterfront is a one-of-a-kind opportunity. Why take on another mortgage for a not-so-perfect home when you can embark on a journey to create a home designed just for you and your family? A house never depreciates, and a custom home will be well worth the investment for the present and far down the road. If you dream of a custom waterfront home, Shore-Line Construction can help you bring it to life.
BUILD YOUR WATERFRONT DREAM HOME WITH SHORE-LINE CONSTRUCTION!
At Shore-Line Construction, we know that your home is a reflection of you. That’s why we strive to make each home we build as beautiful as the family who will live there. We work with each of our clients to design a home that fits their needs. The end result is a durable, energy-efficient custom home that the family will enjoy for generations to come. Shore-Line Construction has been serving our customers for over 25 years, and we look forward to the opportunity to help you!
If you’re interested in learning more about what Shore-Line Construction can do for you, check out our website or give us a call at 410-574-6623. Keep up with all of the latest news by following our blog and social media pages on Facebook, YouTube, Pinterest, and Houzz!
