Is Now A Good Time To Build A House In Rehoboth Beach?
Read On For Our Insight Into Why Now Is The Right Time To Build Or Remodel
With the current state of the nation, you might be thinking is 2022 a good year to build a home? Gas prices are higher than ever, inflation continues to increase the prices of our daily goods, and there are many uncertainties in the economy. All these signs make it seem like embarking on the investment of a custom build or renovation would be a mistake, but we re here to prove to you that now IS the time to make that investment, and begin constructing your dream home.
At CRx Construction, we re always on the side of the customer, and we look out for our clients best interests. We hope this blog post will give you insight into why now is the right time to build or remodel your home. Keep reading for all of our advice.
Land
If you re planning to build a custom home, finding a good plot of land is key, and it isn t getting any easier. Land shortages are at an all time high, so if you want to find the right lot for your dream home, we recommend starting your search immediately. CRx Construction can assist you in your search for the perfect plot of land. We have developed trusted partnerships with the real estate community in Rehoboth Beach, and they will be happy to help you find the right place to build your home. We will also come and evaluate the land you ve chosen for your home, answer any questions or concerns, and prepare the site for the build so that the process is as stress-free for you as possible. The land shortages across the nation may seem daunting, which is why we recommend that you contact us today to get started on finding the right plot of land for your custom build. Don t wait around for others to take your dream lot, start the process with CRx Construction today.
Is Now The Right Time? Key Factors At A Glance
The signals that point to now being a smart moment to start your custom build or remodel in Rehoboth Beach.
| No. | Factor To Weigh | What It Means For Your Build |
|---|---|---|
| 01 | Land Availability | Land shortages are at an all-time high, so starting your search early helps you secure the right lot before someone else does. |
| 02 | Market Stability | After two unpredictable years, the market is settling into steadier, more predictable conditions. |
| 03 | Housing Market Outlook | Experts do not foresee another 2008-style crash. The factors behind that crash are no longer a major concern. |
| 04 | Post-Pandemic Cooling | The market is easing from the highs it reached during the pandemic, a positive sign for building and remodeling. |
| 05 | Material Conditions | Lumber climbed to a peak in early 2021 and has since settled, though it remains a factor worth acting on sooner. |
| 06 | Site Guidance | CRx evaluates the land you choose, answers your questions, and prepares the site so the process stays stress-free. |
| 07 | Trusted Partnerships | Established relationships with the Rehoboth Beach real estate community help you find the right place to build. |
| 08 | Your Next Move | Waiting often means facing rising conditions later, so starting now keeps your dream home moving forward. |
Prices
You might be wondering, will construction costs go down in 2022? The reality is that the cost to build or remodel a home isn t going to fall anytime soon. The good news is that 2022 prices are stabilizing after 2020 and 2021. Lumber prices reached an all time high in early 2021, and although lumber is still more expensive than it was before the pandemic, the price has fallen since then. Experts predict that lumber prices will continue to rise in the coming years, so to get the best price possible, we recommend starting your build or remodel now.
In 2021, housing prices increased by 18.8%, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. In 2022, the market has stabilized and price increases aren t as significant as they were in 2020 and 2021. With both housing and lumber costs stabilizing this year, all signs point to 2022 as the best time to build a home. Costs will continue to steadily rise in the coming years, so CRx Construction suggests that instead of delaying and then having to pay more for your home, get the process started as soon as possible in 2022.
The Housing Market
Another factor that may be stopping you from moving ahead on your custom build or remodel is fear of a housing market crash, like the one we witnessed in 2008. Although a future recession is possible, experts do not foresee another housing market crash. The factors that were involved in the 2008 crash are no longer a large concern.
2022 will see the housing market cool off from the heights it reached during the pandemic, meaning that the market will stabilize. If you re asking yourself, Is it a good time to buy a house? or wondering Should I wait to buy a house? , we re here to tell you yes. This is a good sign for home building and remodeling, and as a buyer, you can expect more predictable prices.
Building In Rehoboth Beach: Your Questions Answered
Is now a good time to build a house in Rehoboth Beach?+
Why should I start looking for land right away?+
Will CRx help me evaluate a plot of land?+
Is another housing market crash like 2008 likely?+
What is happening with the housing market this year?+
Should I wait to build or remodel?+
What is happening with lumber and materials?+
Does CRx build both custom homes and remodels?+
Which communities does CRx build in?+
How do I get started with CRx?+
Embark On Your Build Or Remodel Journey
We hope that this blog post has proven to you that now is the time to get started on your custom build or remodeling project. With the shortages of land only increasing, and the housing costs and market finally stabilizing after a crazy two years, 2022 has shown itself to be the right time to embark on your build or remodel journey. We at CRx Construction want to help you create the space of your dreams, and should you choose to work with us, we ll be right by your side throughout the whole process, ensuring that everything is taken care of. To get started working with us, schedule your free Idea Session today.
How Much Does It Cost To Build A Custom Home In Rehoboth Beach?
A common question we get is, "How much does it cost to build a house?" In this guide, we provide an in-depth cost breakdown, identify the top 5 factors that influence overall custom home cost, and compare luxury standards, finishes and materials - everything you need to know in one guide!
Dion Lamb is the founder and President of CRx Construction, a luxury custom home builder and remodeler serving Rehoboth Beach, Dewey Beach, Lewes, Bethany Beach, and Fenwick Island, Delaware. Since founding CRx in 2016, Dion has led the firm to a #1 Houzz ranking in Rehoboth Beach and Dewey Beach and a 5-star reputation, guiding homeowners through his trademarked “5 Simple Steps” design-build process. CRx is a member of NAHB, the Home Builders Association of Delaware (HBADE), and the Certified Luxury Builders Network, and a Regal Award winner for Best Luxury Custom Home Design.
