Is Now A Good Time To Build A House In Charleston?

November 24, 2021

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 Arnett, 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. Arnett can assist you in your search for the perfect plot of land. We have developed trusted partnerships with the real estate community in Charleston, 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 Arnett Custom Homes today.

 

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 Arnett 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.

 

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 Arnett Custom Homes 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 a consultation.

Share This Article



Take The First Step

Our design team is ready to help you identify your space needs, design preferences and personal touches to create your perfect plan. Together we will establish the scope and budget for your project.

or call Travis Arnett 843-271-8668

Contact Arnett Custom Homes Today to Work With the Leading Builder in Charleston

Arnett Custom Homes has been building award-winning custom homes and luxury remodels in Charleston SC since 2008. Schedule a consultation with our exceptional team and learn more about our simple 3-step process today.

Related Articles

Building Your Dream Home: A Downloadable Checklist

Building Your Dream Home: A Downloadable Checklist

When designing a custom home, it’s helpful to have a place to organize your thoughts. To that end, we’ve put together a guideline for anyone thinking of building a new custom home. This is a great starting point for your planning process, and a fantastic tool to use when communicating goals with your custom home builder.

8 Timeless Styles for your Custom Home Design

8 Timeless Styles for your Custom Home Design

When designing a custom home, architectural style provides an essential starting point for your dream home journey. As you begin thinking about building your dream home, take a look at our list of 8 timeless architectural styles for your custom home design.

Bringing Your Custom Home Dream to Life

Bringing Your Custom Home Dream to Life

If you’re like most of us, you’ve been dreaming about designing your own custom home since childhood. When the time comes to make that dream a reality, there are several factors to consider and lots of details to work out.

Arnett Custom Homes has been building award-winning custom homes and luxury remodels in Charleston SC since 2008. Schedule a consultation with our exceptional team and learn more about our simple 3-step process today.

MENU

CONTACT US

Travis Arnett
(843) 271-8668
Office@ArnettConstructionSC.com

 

MAIN OFFICE
(843) 271-8668
1 Cool Blow Street Suite 322
Charleston, SC 29403

SCHEDULE A CONSULTATION

© 2024 Arnett Custom Homes, LLC All rights reserved.  |  Site Design + Development by Bear Paw Creative in Charleston, SC in 2023