Jeanie's Real Estate Blog

BUILDING A NEW HOME IN LOVEJOY ISD IN 2014
March 14th, 2014 12:56 PM

  If you plan to build a new home in Lovejoy ISD in 2014, one of the first steps is to find a

   vacant lot for sale that will fit within your total home budget and is in an area where the

    building covenants are compatible with your future dream home.  Both inventories of

    vacant estate lots and new homes are at low levels in Lovejoy ISD as well as many

    other towns and cities in desirable counties and school districts such as those in many

    parts of Collin County and Denton County where these real estate market has rebounded

    in the last three years creating a sellers market where there are more buyers than sellers.


   The supply of inventories for both vacant lots and new homes is predicted to remain well

    below the current demand by new home buyers.  Some of the reasons for this are:

        1. Lack of available residential lots.

        2.  Experienced labor with required skills is in short supply.

        3.  Supplies of some building products and materials are limited or on

              back order from the manufacturer, creating delays in new home starts.

        4.  Many of the smaller custom home builders are finding it difficult to

              obtain financing to build speculative homes...which are started prior

              to being sold.  So, the finished product inventory of new homes is selling

             quickly and in many areas there is only a 2 month supply.

  Low Inventories of both vacant residential lots and new custom homes normally result in

  causing prices to go up.  Thus, if you are considering buying a new home or at least

 acquiring a homesite for building a new custom home in the future...now is the time to step

 forward since the limited supply and increased demand are causing prices to rise.  That

alone in addition to the expectation of interest rates to rise by 2015,  according to what

the financial experts are telling us,  is an excellent incentive to make your move in 2014 if you

are in the market to buy or build a brand new custom home.

We are experts in new homes, working with builders, and marketing and selling vacant

residential estate lots for new home.  Call us at 972-612-2277 for experienced, honest, and

professional assistance and representation in the sales of new homes and residential

homesites.





   

Posted in:General
Posted by Jeanie Elliott, Broker, ABR, SFR, SRES, MS on March 14th, 2014 12:56 PMPost a Comment

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