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.
Woodland Shores 
Great post. It would be fun to take advantage of the low interest rate and come out of the recession with something positive.
Defiantly a lot to consider when buying a home but thank you for share other options when considering house hunting.
Thanks for the helpful information, building a home is very expensive but it sounds like now is the right time to do it.
Sounds like I need to start designing my dream home and get to moving! Thanks for sharing.
Great advice. People always are talking about homes losing value, but rarely do they discuss the other end discussed in this blog. Thank you for the information!
Excellent information for the potential home owner. If someone is wanting to buy or build, now is the time.
If it can be afforded, now is definitely the time to renovate or build.. The danger is trying to do it now when one isn’t ready. Then the circle is just repeating.
Now is a great time to buy and build! Just see if you can hang on to your other property in the meantime.
I will build my dream home very soon! Thanks for sharing!
This is great information for anybody looking for a new home. They may think they have to go cheaper than they actually do, due to the current market.
Sounds like a wonderful place to build a new home, and it surely is a great time to do it if you are going to. It is hard to think of a reason not to build a home but not everyone is in the right position.
Just like the stock market, when the price is low you buy. The economy is bound to go up again so now is definitely the time.
This article makes me want to go out and take advantage of this buyer’s market. Low prices on real estate means great deals for new home owners.
The fact that the housing market is down means that now is the time. Buy low sell high. It’s low so it’s time to buy that dream home.
We’ve seen a lot of variation in the housing market over the last few years. Now seems like the time to buy.