Buying A Custom Home While Rates Hover At All-Time Lows

Whether you are ready for your first home purchase or custom home on your own lot in The Northwest, it’s important to consider how much more home you can get with your money while rates are low. Even if you plan to make an all-cash purchase on a custom home, it’s important to make a move. Experts expect new construction home prices and resale homes to sell for more in the next several years, especially with mortgage rates at historic lows. If you aren’t sure about which home style is perfect for your family, you can start the on your lot construction program by contacting an approved lender with HiLine Homes.

If You Are A First-Time Buyer

If you are currently renting a home, now is a good time to make the move to homeownership. An article by YahooFinance points out that homeowners do better than renters if they have a time horizon of just 2.3 years. Unless you plan to move within the next two and a half years, you will likely get ahead financially by buying a home. After two years, the money you make in terms of home appreciation and lower mortgage versus renting costs will make up for what you spent on closing costs.

If You Are A Move-Up Buyer

If you want to sell your existing home so you can live in a custom home on your lot in The Northwest, take advantage of the seller’s market. A recent article by the Puget Sound Business Journal points out that Seattle is the fourth hottest home seller’s market in the country. Other hot sellers’ markets include Duvall, Bothell, Bellevue, and Lake Forest Park. For empty-nesters and baby boomers interested in downsizing to a beautiful custom home on a tranquil lot, it’s exciting to explore the possibilities.

At HiLine Homes, we build on your lot with floor plans ranging from 2-bedroom to 4-bedroom with one or two stories and lovely timber frame porches. Talk to our home consultants about our current service area in The Northwest. We take pride in building the home you desire on time and to your specifications. For more information on why it’s never been a better time to enjoy new construction, click the link below!

Customize Your Dream Home