The Northern Colorado housing market is an absolute feeding frenzy, where bidding wars have been likened to the Hunger Games. According to the Coloradoan newspaper, “Scarce inventory, high demand, increased materials and labor costs, coupled with low interest rates, have sent Larimer County’s housing market into overdrive.”
For buyers eager to purchase a new home, the process of losing house after house can be demoralizing and emotionally draining. Adding to the frustration, it can take months for a desirable property to come on the market, making it even more devastating when it’s snatched up from underneath you. Not surprising, the term “buyer fatigue” is a hot topic these days.
So, what are your options when you’re ready to buy a home, but the housing market won’t cooperate?
If you already own a home and are looking to upgrade, consider staying put and tackling a remodel.
If you’re in the market for a new home and you have a healthy savings and budget, you might consider building a custom home.
Some people hear the words “custom home” and think huge, luxury and out of reach, but that’s not always the case. While it is true that some custom homes have lavish features and a massive footprint, others are more modest in scale and finish. We know this because we build custom homes in all shapes and sizes.
Our team designed and built this charming 800-s.f. custom home west of Fort Collins.
And this 980-s.f. alley house in downtown Loveland.
As well as this 800-s.f. barnhouse homestead with a 480-s.f. attached permaculture greenhouse.
We also built this 5,169-s.f. forever home for a semi-retired couple north of Fort Collins.
We’re not going to sugar-coat it. The costs associated with building anything – whether you remodel your existing home, or build a new house on raw land – are higher than usual right now. The pandemic wreaked havoc on housing and labor and the world supply chain. Quality lumber, in particular, is a scarce commodity experiencing a tremendous markup. But industry analysts predict that building materials should see a price reduction later this year, so there seems to be a light at the end of this very frustrating tunnel.
In the meantime, consider talking to HighCraft. Our licensed architects, interior designers and expert craftspeople have been remodeling homes since 1998, and we build and design custom homes, large and small. Although remodeling or building a brand-new home may feel like a project beyond your preferred timeline or investment range, the search for the perfect home can take months, or even years, resulting in a lot of wasted resources. By redirecting your time and energy to work with a builder, you can eliminate a lot of frustration and those wasted resources. And the best part – you don’t have to compromise the things on your new home wish list.
If you choose to use an outside architect or existing set of plans, we’re delighted to work with them to build your custom home, too.
Bye-bye, bidding wars. Hello, peace of mind.
Whether you build new construction, or remodel what you have, HighCraft’s experienced design-build team is here to help with your project. Contact our team with questions or to schedule a free consultation. There’s no obligation.