Should I Wait to Build

Should I Wait to Build?

A new home is a major investment and likely one of the largest purchases that your family will ever make, so it’s understandable to be nervous about whether now is the right time to invest in a new home. As we say in our mission statement, our goal is to operate with the highest level of professionalism, honesty, and integrity. To help you with your decision, here’s a list of questions that you might be asking yourself.

How are the recent market conditions effecting the price of my home?
The home building market is a living thing where prices are constantly moving. Some prices go up and some prices go down, but the inevitable truth is that if you wait to build your home, you’re likely to pay more. The decision to buy a house has less to do with the broader economy and more to do with your family/financial situation.

What is the Robert K. Ace Jr. Construction LLC approach to challenging market conditions?
One of the main focuses of our business is to operate with a proactive approach across the entire company. This includes our sales representatives monitoring mortgage rates and looking for new financing opportunities, our estimators receiving monthly (and for some products weekly) price updates from our suppliers and vendors, our in-house architect evaluating and designing plans that are efficient and cost-effective to build, and our field staff closely monitoring your project’s physical construction and budget. Rest assured that RKA has an entire team working tirelessly to make sure “to deliver the highest quality projects, with superior customer service.”

Is buying an existing home cheaper than buying new?
While there are certainly “deals” to be found in the existing home market, keep in mind the old adage “you get what you pay for”. Homebuyers in the existing home market face more competition and have to act more quickly than usual to snag their dream home. Housing prices had already started rising before the pandemic arrived, but the pandemic has spurred a more rapid acceleration. The lack of quality homes available means that the existing home market is quickly depleting. This often leads to multiple offers above asking price! While new home construction is typically a bit more expensive than buying an existing home, that difference may end up being negligible in the current market and you’re assured to get the home that you’re looking for.

How do I know when it’s the right time to build a new home?
Some possible reasons that now is the right time to building include:

  • You’re working from home.
  • You want to get out of the city.
  • You are building a vacation home to rent/AirBnB.
  • You are an empty nester who currently owns a home and are looking to downsize.
  • You can’t find an existing home that meets your needs.
  • You can sell existing home for more than the cost of a new home.
  • You have an existing home that needs major repairs done.

If you have more questions…
Reach out to one of our sales representative and setup and appointment 844-420-9908. We’ll be glad to answer any questions that you may have. Why just imagine the home of your dreams, when we can build it? Come experience the RKA Construction difference!