Maybe you have been dreaming of building your own custom home for years, but the timing just hasn’t felt right. There are many reasons you might be delaying constructing your new home – perhaps you are concerned about the difficulties of moving, funding the construction, or maybe you just don’t know where to start. With current real estate trends, 2022 is looking like the perfect year to build your dream home, and here are the reasons why.
1. Rising Costs of Materials
While it may be tempting to try to wait out the recent rise in material costs, the reality is that prices are not going down any time soon. According to Tradingeconomics.com, a reliable commodity forecasting website, the price of lumber is expected to soar by as much as 25% over the course of 2022. The pandemic has led to a labor shortage, which has had a drastic impact on the cost of the materials commonly used in home construction. Between 2019 and 2020, the cost of new cabinets increased by 56% and pantries increased by 33% – as these are driven by the cost of lumber, they will continue to climb in 2022. Beyond the price of lumber, other materials such as copper wiring, tile, and steel have all experienced surges that will continue to drive up the cost of new construction. This means that continuing to delay building your dream home will only increase the ending cost.
2. Cash Out on Your Home
Another great reason to build your custom home in 2022 is the increase in real estate prices over the past several years. While traditional wisdom has indicated that buying a house that has already been built is more affordable than building your own, the increased median house price has narrowed the expense gap between new construction and buying a home. This means that you can cash out on your current home for top dollar, then build the home you have been waiting for. While buying a home may require extensive renovations and upgrades for it to meet all of your needs, a fully customized house can be built with your desires in mind from the ground up.
3. More Time to Enjoy Your New Home
The best reason to build your dream fully customized home in 2022 is to maximize the amount of time you have to enjoy your new home. The possibilities are endless, and RM Construction can handle even the most complex requests. Maybe you have been dreaming of the perfect kitchen, an incredible space for entertaining guests, or a master suite that makes your mornings and evenings feel like a spa treatment. Perhaps you have imagined the perfect stone wall fireplace to cozy up to on those cold Colorado nights, or a beautiful porch to spend your evenings relaxing and enjoying the breathtaking views of the Rocky Mountains. RM Construction can transform your ideas and visions into your new home.
2022 is the year to stop waiting to build your fully customized home. Treat yourself to a perfect personal retreat – call RM Construction today to start planning your build.