With mortgage rates dipping to historic lows in the past year, more and more eager Americans are looking to get into their first home in 2021. While this can be a great time, financially, to look into homeownership, it’s worth noting that an increase in interest has caused demand to spike considerably, meaning that the market is red-hot right now. Especially for first-time homebuyers, such a competitive market could be a major problem when it comes to getting offers accepted. Already this year, buyers have discussed being outbid considerably by investors and other buyers willing to waive home inspections in order to make their offer as attractive to sellers as possible. With all of this increased demand, it can be difficult to get a foothold in the housing market‚Äîeven if, on paper, you’re able to finally afford it.
One way to circumnavigate these issues is to buy a plot of land and build your own home instead of sticking to MLS listings. While there are definitely a host of things to consider before building a house, it’s worth noting that building your own dwelling can offer you a lot of benefits, too. Read on to learn why you should consider talking to a builder about creating a new home from scratch rather than buying one currently on-market.
The market for new homes is more competitive than using a builder.
When it comes to finding a new home in Sarasota, FL, or another popular area of the country, the market is incredibly competitive. This means that if you’re looking at a listing for a house with an appropriate number of bedrooms and bathrooms, it might be a good idea to make an offer immediately just to have a shot of getting your offer accepted, even if you have problems with the amount of direct or indirect sunlight in the home, or it doesn’t have the high-end appliances you were hoping for. When you’re not using a builder to create your home and outdoor space exactly to your specifications, you run the risk of not getting a home at all, since inventory is low and demand is so high. The building process is much less competitive since you’re making offers on plots of land and then connecting with an architect, builder, and team of contractors using a construction loan instead of taking out a more traditional mortgage.
Builders let you customize your home to your specifications.
If you’re afraid of having to compromise on your dream home just because of availability on the market, it may make more sense to use an architect or builder with years of experience to help you make the perfect home for you and your family. Whether your dream house has a three-car garage or a backyard big enough for a new pool, you’re bound to get exactly what you want when you work with an architect to create the perfect interior amenities and exterior landscapes. For example, if you have an outdoor cat, you may want to ensure that the landscapes around your dream house feature cat-safe plants, so you don’t have to worry about your four-legged friend getting sick.
Many times, it’s hard to find a house with a pool, but it’s possible to build your own if the dream house you’re looking at has money and time in the building process to accommodate the work of a custom pool builder. There are plenty of local pool contractors to help you with your pool design to make sure it perfectly suits your custom home. Simply head to the internet and search for “pool contractors Bradenton FL” (or wherever you live), and you’ll find dozens of pool companies to help you complement your home design. Not all homeowners want a pool, but whether you’re looking for a simple option or something with advanced water features, finding the right pool contractor can ensure that your dream house comes in under-budget and on-schedule.