Many families are wondering if now is the time to build a new home or if they should wait a couple years to start the process. Now more than ever, you should consider building in the near future — because the cost to build your dream home will certainly rise every year. Why?
1. The cost of land often trends upward.
As a limited resource, builders often compete with one another for the choicest locations. Then they spend hundreds of thousands of dollars to ready the sites with surveys, roads, curbs, lighting, sewer, water, etc.
2. The cost of labor continues to grow.
In our area, there is a shortage of tradesmen and, with multiple disaster areas in the country, tradesmen often migrate to those areas for premium wages.