- NEW!
Now may be the best time to build a home while the economy is slumping. According to BankRate.com's Steve McLinden, the slow housing industry has created fierce competition between building contractors, making labor and building materials much cheaper. ConstructionLoanCenter.com says that the cost of lumber now is nearly the same as the cost of lumber in 2002. In addition, contractors are anxious to provide top quality service. Financing continues to be a problem, with banks not loaning as much as they used to. If you have credit problems or an unattractive debt-to-income ratio, you may spend an inordinate amount of time cleaning up your credit and shopping for loans before you can begin your new home construction. The best time to build a home is right now while labor and materials costs are low, however be prepared to spend some time securing the funds for your new home construction.On One Hand: Home Building Is Cheaper Now
On the Other: Financing Is Still Difficult to Secure
Bottom Line
Source:
by Taking the Meat-Loaf on June 20th, 2010
Not after dinner time. You'll be too bloated and tired to be bothered building a whole house.
by HeavySkinz on June 21st, 2010
ONLY if you can afford it, and only if you know you're going to live in it for at least 5 years.
by Joe Winfield on June 21st, 2010
WHEN SOME MOTHER FUCKER BURNS DOWN YOUR OTHER ONE!!!!!!
I apoligise for that outburst but I am very sensitive around this area
by katrinmartin on June 20th, 2010
When is the right time to build your dream home? Well, that depends, but if you are financially able to to it right now, this is a great time to do it.According to the report on global investment, the number of foreign families and investors seeking out property in Dubai to buy has increased by over 100% in the last few years.I like Dubai. I like that they are trying to build a nice resort area for the wealthy. It is a no different than the rest of the high dollar coastal areas around the world.
Bayut
Are all Fort Collins'Linden Park houses built green?
by Answerbag Staff on September 22nd, 2010
| 1 person likes this
Can a quitclaim deed signed by owners in Texas be filed after their death?
by Answerbag Staff on August 14th, 2010
| 1 person likes this
Can I pick my own on-base military housing?
by Answerbag Staff on August 11th, 2010
| 1 person likes this
any open houses happening in south victoria
by Matt_K7849 on July 1st, 2011
| 1 person likes this
How can I find out who built my house?
by Anonymous on April 22nd, 2009
| 3 people like this
You're reading When is the right time to build a house?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments