Keller WIlliams Luxury Logo
Home » Now’s The Best Time To Build

Now’s The Best Time To Build

by | Mar 30, 2009 | New Construction | 0 comments

You think I’m crazy, don’t you. You may think it’s not a good time to do anything, but I’ve been talking to builders lately and they make a strong case for why it’s never been a better time to build. Cornerstone Homes owner KC Jones says, “Material costs are down. Labor is very accessible and costs are down. And land prices are also considerably lower.” Sounds good to me, so let’s take a closer look at each of his claims.

Material costs are down. Jones says last year at this time a typical window package he would order for one of his high-end homes set him back about $180,000. Today, that same window package costs Jones and his buyers $120,000. Wood is another example. Contractors like Jones are buying beetle-kill pine lumber. If you live in Colorado you know that pine beetles are killing the trees. That’s not good for the trees, but it is good for the consumer since these dead trees are being turned into cheap lumber, like 30 cents on the dollar. The practice is also environmentally friendly as it puts the wood to good use instead of simply letting it lay there and decay.

Labor is more accessible and costs less. No doubt here. Speak with trade contractors and they’ll tell you they need work. If you need a framing crew they can be on your job site tomorrow. No need to plan weeks or months in advance. Shawn Tieskotter, owner of Precision Flooring in Denver, says he’s seen labor cost for carpet installation drop between 5 and 25 percent.

Land prices are way down. The price of land has indeed taken a hit just like the rest of the housing market. Look around and you’ll find some tremendous deals on prime acreage.

In essence, all the conditions are right for the perfect home-building storm. Just think, your dream home can be built now for incredible savings. All markets present some type of opportunity, and this one is no different.

Recent Posts

It’s All About The Secret Sauce!

It’s All About The Secret Sauce!

A question came from a consumer who asked, “how we are selling so many properties, so quickly, and for top dollar?” My answer was, “it’s all in the secret sauce!” What I mean by that is it’s all in our system and people. We’ve created the system, tested the system,...

read more
Big Island Featured Restaurant & Activity for May

Big Island Featured Restaurant & Activity for May

Featured Activity: Hike the Pololū Valley Trail   Located at the end of the Akoni Pule Highway in North Kohala is the scenic Pololū Valley. This valley was once home to a community of taro farmers, but after the creation of the Kohala Ditch, which diverted much...

read more
March Market Statistics for the Kohala Coast

March Market Statistics for the Kohala Coast

Real estate activity was sluggish in the month of March with a slowdown in condominium sales; however, there was a small uptick in home sales. Kohanaiki led activity with the sale of four homes and two condominiums. Kūki`o followed with two home sales and one condo...

read more
Big Island Featured Restaurant & Activity for April

Big Island Featured Restaurant & Activity for April

Featured Activity: Kuleana Rum Works Mai Tais is one of Hawai`iʻ s iconic cocktails, but did you know Hawai`i Island is also home to Kuleana Rum Works, a company which crafts award-winning rum from the fresh juice of sugar cane grown on its farm in North Kohala? If...

read more
I’m the Short-Term Guy!

I’m the Short-Term Guy!

I took a phone call from a consumer this week and as we started the phone call, he said to me, “Hey, you’re the short-term guy”! At which I replied, “What?” He said, “Yeah, I watch all your YouTube videos on short term vacation rentals and they’re valuable...

read more

Recent Listings

Call Now