Even though the economy has yet to fully recover from the recession of the last decade or so, there’s one big place where this proves a benefit: building your own dream home.
Mortgage Rates are at Historic Lows
With mortgage rates hovering at or even below 4 percent, there’s truly never been a better time to take out a loan to build a new home.
Property Values are Down
You’ve probably heard friends and neighbors lamenting their decreased property values — or maybe you’ve even found yourself in such a situation. The good news is that goes for property you want to buy just as much as property you want to sell. Right now, the Housing Affordability Index is at a record high, meaning the average homeowner has about twice as much income as they need to pay an average mortgage on an average house. It’s the perfect time to look at a plot of land in a beautiful community upon which to build your dream home.
Custom Homes at Affordable Prices
Thanks to mortgage rates and property values, you don’t have to settle for a cookie-cutter, production builder’s model. Right now, you can get more house for your dollar right now, and it’s the perfect time to look into having a new home designed and crafted to your specifications. Economic conditions are perfect for stretching every penny to build the home of your dreams.
Woodland Shores in Lee’s Summit — The Perfect Place for Your New Home
If this all sounds like a dream, Woodland Shores is the perfect place to make that dream come true. A development community in Lee’s Summit, we pride ourselves on helping home buyers build their dream home with our custom designs, distinct architecture, exquisite home landscaping, luxurious amenities, and protected natural surroundings. To schedule a tour of one of our new homes or to learn more about Woodland Shores, give us a call at 816-537-7000 or visit our Web site.