Despite hopes of the housing market slowing down throughout 2019, building prices have in fact continued creeping up into the new decade. Prices for new Seattle builds have increased steadily, and you can now expect to pay $400 per square foot or higher for a decent model in the area. With material costs on the rise and design talent at a premium, this trend shows no signs of reversing soon. one way to save your cost is finding a really good Seattle Home Builder.
This all sounds like a giant downer and you might be thinking “Are there any positives to building in Seattle right now?” The answer to that is yes! Below, we will look at a couple of tips and reasons to get started on your dream project now.
Space Is Not Permanent
With an increase in demand in recent years for new build projects, obviously the impact is that the actual space itself on which to build on shrinks. Now is the time to seal your plot before it is taken, and the less room there is to build, the more it’s going to cost to build on.
The Seattle metro region only has so much more real estate potential to give, so the price you’ll pay now will most likely be the best price you can find going forwards, because…
These Prices Show No Signs Of Slowing
The argument of real estate land being bought up is just one reason that buying now is the most prudent idea. Seattle’s cost index has been increasing for several years, consistently outpacing the national average.
Pair this with the shortage of skilled workers for the design and building stages and you will find that setting the gears in motion on your project is best done sooner rather than later.
Purchasing A Lot Now Gives You Time To Design
Winter is a good time to design. If you are beginning your plans to build a home in the late springtime, when the long days and better weather conditions begin to slip away you might find yourself hurrying into some design decisions that you have not a) thought all the way through and b) not negotiated and settled on a realistic price.
To be prepared down to the very last detail is essential when it comes to home building, and chances are you already have a fair idea of what you are wanting out of your building project if you have made it here.
The Housing Market Is Keeping Pace
Probably the most reassuring aspect of the housing market for those wanting to build right now is the fact that the housing market is increasing at pretty much the same rate as the costs of building your own home.
Even with your construction costs reaching $400+ per square foot (though square footage is not everything when considering price) you will still end up with a home in the same region as it would cost you to purchase a pre-built property. The advantage here is that you can have your home tailor built to your needs.
