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Why Right Now May Be the Best Time to Build Your Dream Home

    Home home Why Right Now May Be the Best Time to Build Your Dream Home
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    Why Right Now May Be the Best Time to Build Your Dream Home

    By Joe Libin | home | 0 comment | 5 July, 2017 | 0

    The housing market here in Utah didn’t cool down over the cold winter months. Houses are flying off

    the market the day they hit the market, if not sooner. Now that the weather is heating up so will the

    real estate market and that leaves one very important thought for you to consider: “If you don’t LOVE

    your current home, why not build a new one?”

    As life changes, so does what you need from your home. As a young family, you may have

    moved into your current house with one or two small children but as your family has grown your

    home has not. Or consider the opposite, you purchased your home while all your children were

    living at home and you needed plenty of space to spread them out, but now that they have

    moved away do you really need to be cleaning that six-bedroom house or hauling laundry up

    three flights of stairs?

    We currently live in a “sellers’ market” in Utah. Some houses are going under contract before

    they even hit the market and selling for more than the asking price. Why? Because there are

    more families in need of homes than there are homes available. What does this mean for you?

    If you have worried in the past that your home may not sell or that you wouldn’t be able to get a

    good price for it, don’t worry anymore.

    “Right now, it’s a seller’s market because of the low inventory of single-family

    homes. Leavitt said it is extremely difficult to find homes in the $250,000 to

    $350,000 price range on the market.” -Chase Leavitt, ReMax Agent

    This means that there may be buyers out there looking for your exact home right now, and

    probably lots of them! One of the biggest fears in building a new home in the past has been

    what do I do if my current home doesn’t sell. This market makes that a very unlikely situation.

    Building a new home allows you to customize your home to your needs and wants. From

    choosing the type of neighborhood you want to live in, to the exact floorplan that will work best

    for you, building a new home gives you control. Instead of choosing from the limited list of

    houses currently available you will be able to decide exactly what you want in your next home.

    While having the perfect paint colors and all the upgrades completed before you move in is just

    a perk, it definitely makes a move a little less stressful.

    Financing for construction loans has never been easier, especially, here in Utah. With all the

    new developments along the Wasatch Front (and off the Wasatch Front), you can find the best

    lender to help you fund your dream home. In the past construction loans were difficult and had

    lots of moving parts for you, the borrower, to manage. Getting a Veritas Funding construction

    loan has changed all that. We pair you with a construction loan specialist in your area to make

    sure that the process is streamlined. Our professional loan officers are trained to help you every

    step of the way.

    So, whether you have outgrown your home or your home has outgrown you, building new is a great

    option for living in Utah right now. Don’t invest time, money, and tears into extensive remodels or

    additions when there are people interested in buying your home as it is right now.

    build a home, dream home, moving, new house
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    • Google Reviews
    • FAQ Videos
      • Pre-Qualification vs Pre-Approval
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      • Homework items
      • Mortgage Insurance
      • Your Game Plan
    • About Joe
      • Refinancing
      • Contact Us
      • Blog
    • Mortgage Tools
      • Mortgage Calculator
      • Rate Lock Periods
      • When to get Qualified
    • Apply Now
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