Why Is 2022 the Best Year to Build A Custom Home
We at Domta Homes are really thrilled to see what 2022 has in store for us as the custom home builder of choice for many Ottawa homeowners. There’s a lot to look forward to in the future year, with our present and planned projects, as well as hopeful forecasts. And if you haven’t already, one of your New Year’s resolutions should be to build a custom home in Ottawa. Is 2022, however, a good year to build a bespoke home? Absolutely!!
Here’s Why Building a Custom Home in 2022 is a great idea
Inventory shortages: The Canadian Real Estate Association (CREA) predicts a 7.6% increase in home prices in 2022 as the number of available homes continues to decline. Furthermore, if you have a property to sell, now is an excellent time to take advantage of the shortage and get a fantastic deal on your current home.
Increased competition: The market is highly competitive due to growing demand for new houses, as well as record-breaking international immigration and Canadians coming to Ottawa.
Lower construction costs: The cost of building materials, such as lumber, has decreased since last year compared to earlier this year, thanks to sustained economic growth and fewer supply chain concerns.
Greater resale value: There are a variety of reasons why a bespoke home would have a higher resale value. For starters, you won’t have to compete in a bidding battle for a brand new custom-built home, which may save you tens of thousands of dollars. Second, consider resale value when designing, architecting, and finishing your custom house, customizing for your tastes but attractive to many, even if you plan to stay and sell years down the road.
What This Means For You…
Now that you know what makes 2022 a great year to build a home, why not just go with an existing home?
Because not all houses are created equal, bespoke homes are the only way to ensure you receive exactly what you desire. Perhaps all of your holiday entertainings encouraged you to add a home theatre or a climate-controlled wine cellar to your list of new house must-haves. Perhaps you’ve discovered a new love for baking as a result of Christmas, and you’ll need a distinctive kitchen with bespoke cabinetry to keep your baking trays organized. A custom-built home allows you to cross off every item on your wish list, no matter what they are.
You already know what you want in a dream home, but are you willing to give up some of the items on your wish list in exchange for a home that meets your needs?
We believe that 2022 is an excellent year to start planning your new Ottawa home, and we’ve outlined a few reasons why. So, if you decide to add “build a dream home” to your list of new year’s plans, just think of how much better your holiday celebrations will be next year!