Just like most of the other 49 states, Florida has been in the midst of a hot seller’s market when it comes to real estate. In fact, in many cases, buyers are offering more than the asking price – as well as quick closings – just to get their contract accepted.
So, given the high cost of existing homes right now, could it make more sense for you to build a new custom home, and in turn, get all of the features, square footage, and amenities that are on your “wish list?”
If you are leaning towards building a new home in the Sunshine State, you will be in good company. Based on data from the Sun Sentinel, as of mid-2021, the sales of newly-constructed homes in the southern portion of Florida were up 113% as compared to the same time period the year prior.
There are some important factors to consider, though, before moving forward with a new home build. Some of the most common of these include the cost, the time frame to completion (which can vary, based on the availability of supplies), and possible material alternatives.
Likewise, building a new home will oftentimes require both a home mortgage and a construction loan. In this case, though, with the current historically low interest rates, now could be the perfect time to put building your dream home on your “to do” list.
For more than a decade, Rare Builders has been constructing quality custom homes in the Orlando and surrounding Central Florida locale. When you work with Rare Builders, you can count on quality, efficiency, and a unique home design that fits your specific lifestyle and needs.
If you would like to set up a time to talk with one of our professional custom home designers, feel free to contact Rare Builders by phone at (407) 401-7575, or you can send us an email by going to https://rarebuilders.com/contact-rare-builders/. We look forward to meeting you.
Source:
Building a House in Florida: What to Expect (and what you’ll pay). Houwzer. https://houwzer.com/blog/building-a-house-in-florida-what-to-expect-and-what-youll-pay
