Building a custom home in 2021 just makes sense. Here’s why.
Over the past year, we’ve all gotten more used to spending more time at home. We’ve had the opportunity to evaluate what’s working and what isn’t in terms of home style and layout, leading to a considerable shift in the way people build custom homes in Calgary. Today we want to share why 2021 is an excellent time to build and give you some things to consider when trying to choose between buying or building a custom home of your own!
Building custom is the only way to get everything you want in your new home. According to Remax, 40% of Canadians realized they had a need to renovate, and 29% decided they needed more space over the last year. If you’re one of them, building custom is more than likely the only way to get what you want for your new home without compromise. Perhaps this past year, you’ve transformed into the next Gordon Ramsay, and your newfound love of cooking requires a more specialized kitchen space. Maybe your lack of current yard space has made you see the importance of having indoor and outdoor living spaces, pushing you to find a home where you can create a true backyard oasis. Whatever your needs may be, it’s much simpler to decide what you want before buying a new home rather than making significant changes a year or two down the road.
It’s a great time to take advantage of the market and sell your home. Thanks to the high demand and shortage of home inventory in Canada, purchase prices have been skyrocketing. If you have a home to sell, 2021 is a great time to do so. Plus, the sale can help free up some funds for a downpayment on your custom home. That way, you’re able to take advantage of today’s low interest rates without getting into a bidding war on an existing home.
Homes are only going to get more expensive if you wait! The Calgary real estate market estimates a pricing increase of around 3% for homes by the end of 2021. That’s why it’s a brilliant time to build your new custom home. That way, you’re building your home based on its value today, and chances are, by the time you move in, the value of it could increase significantly.
So, are you ready to shake things up by designing a more functional home and finally have all the space you’ve been dreaming of? RareBuilt Homes could be the home builder for you and will be more than happy to help you out whenever you’re ready. Check out other custom homes we’ve built to get started.