The uncertainty vexing the housing industry seems to be coming to an end in some markets – and builders couldn’t be happier. New home buyers are benefiting from an historic opportunity, thanks to inventive designs, reduced pricing and low interest rates.
As the housing market has changed, builders have adjusted their product designs accordingly. For example, the call for smaller, more energy-efficient homes represents a hard truth: It costs a lot to build – and maintain – a bigger home. From tighter lending to material costs to heating & cooling, over-sized abodes are expensive propositions. In many markets the designs of homes have been scaled back, however the space is better utilized then the enormous homes of the past. Cottage or bungalow-style homes have been the answer for some markets. These homes have floor plans that are flexible, spacious and sustainable, while the smaller footprint means lower material costs for builders. The bottom line: Homeowners get a more affordable, more manageable version of their dream homes. And builders have a more affordable, more efficient line of homes to offer. Everybody wins!
If you’re sitting on the fence, don’t wait too long. Now really is a great time to buy a new home.
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Brian Warren - Director of Sales and Marketing
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