Perhaps you've always envisioned hiring a design build home builder in your area to help you complete your dream house, but you've never actually pulled the trigger. While it's true that the coronavirus pandemic is causing hardship for a lot of people, there's one particular area where the after-effects of the pandemic might actually work in your favor. Housing interest rates in the United States are incredibly low right now. The government has slashed interest rates across the board in response to economic turmoil during the pandemic and the housing market has followed suit. But if you are still employed and you were already saving up a good chunk of money to start building your dream home, now might be the best possible time to actually move forward and start your build.
Low Interest Rates Could Mean Thousands in Savings
You of course expect to pay a premium when building a custom home, but interest rates are so low during the pandemic that it could essentially offset the extra money you might pay when compared with buying an already built home. Of course, there's no guarantee that interest rates will hold, but take the time to assess the situation after reading this article and you might find that the numbers are still in your favor. This could be an opportunity to build a custom home at a cheaper price than ever before.
Some Custom Home Builders Are Further Sweetening the Pot
Just about every business owner or industry out there is making some concessions or changes in order to keep business coming in during the pandemic. Custom home builders know that building a home is appealing right now because of where interest rates are at. You may be able to find a custom home builder offering additional incentives to help get potential buyers across the finish line.
If You're Going to Be Indoors for a While, Why Not Do It in Style
No one likes having to quarantine, but if you have to stay indoors, wouldn't you rather do it in the comfort of your dream home? There's no telling when the world will completely go back to normal and the harsh truth is that it could be many months or even years before the United States fully moves on from the current crisis. Start your dream home now and you'll have the perfect shelter to protect yourself and your family if the situation continues to worsen or just takes a long time to improve.
For more information, contact a custom home builder today.