Even the best forecasters could not predict the year we’ve been having. I think everyone will admit, it’s been quite an adjustment, and it continues to be. Life as we knew it – gone. Home has become more important than ever. Home is where we live, work, play, and even home school our kids. We’ve all been adapting ourselves and our homes to the new normal. That often means looking for new and creative ways to make our homes comfortable and more efficient, and finding creative ways we can entertain ourselves and our families, sometimes without even leaving the house.
For many, that means looking for a new home, remodeling your home, or building a new home, and even if you had not been thinking about a new home prior to the pandemic, you might be now.
There’s good news! There are many reasons why this may be a great time for you to consider a new home, remodeling project or building a new home.
1. Low Mortgage and Home Equity Loan Rates
Low interest rates mean lower monthly mortgage payments for you, and the government has been slashing rates in order to keep buyers in the market. Mortgage rates first hit their lowest point in March and have continued to drop, recently hitting another record all-time low. Because mortgage rates fluctuate and have the potential to rise, buyers will want to seriously consider locking in rates now. A rate lock guarantees your interest rate for a certain amount of time, protecting you from increases.
2. More Home Buying Power
Understanding your home buying power– that is, how much house you can afford — is one of the first crucial steps in the home buying process. With plummeting mortgage rates and increasing wages, there is good news for many prospective home buyers: they can likely afford more house than they previously thought. You can gauge your home buying power and estimate monthly payments using our mortgage calculator.
3. Increased Buying Incentives
In addition to low rates and increased buying power, there are even more ways to save on a new home as many in the real estate, and home building and remodeling industry are offering attractive incentives to buyers who purchase soon.
4. Additional Services & Savings for Home Owners
Look for Real Estate companies and Home Builders that have additional resources and offer services that you might enjoy like complimentary time with an interior designer, or the ability to consult with a licensed contractor free of charge, or home plan design. Services like these are a great opportunity for those that might want to take advantage of free professional interior design assistance for decorating and styling your new home or services for updating or remodeling your new home.
For top Realtors and Real Estate Companies that are offering additional resources and incentives check out Create Real Estate.
When you work with Create Real Estate, our Coldwell Banker team, you get more value and more services. You’re also partnering with Create Home, the best in real estate, marketing, architecture, construction, interior design and home furnishings. In addition to our real estate services, we leverage our marketing, design, and construction resources available to you, saving you thousands of dollars. Don’t let the savings fool you, when you work with Create Real Estate you get full service, and more – the power of an experienced real estate team, marketing and social media gurus, savvy negotiators, consulting services from accredited interior designers and a licensed MN Residential Contractor, plus all the additional resources of Create Home, your resource for “All things home and design.”
Our real estate team has over 20 years of Real Estate experience finding people the ideal home. Educated in new home construction and existing home real estate transactions, we are skilled in helping you look for a new home for sale, a builder, homesites, new construction, or a tear-down opportunity. Create Home also offers complimentary design time for Buyers that can be used for things like interior design services and home plan design. That’s a great opportunity for those that might want to take advantage of our free professional interior design assistance for decorating and styling your new home or even working with Create’s design build company for updating or remodeling a home. Check out our home buyer resources below to find a home or lot, find community and school information, our mortgage calculator, and local demographics and real estate market reports for your area.
For Custom Home Builders and Remodeling Companies that are offering additional savings and incentives contact Create Home – Create Design Build.
With our Create Home offices in Wayzata and Excelsior, we are helping clients build and remodel homes all over the twin cities – Chanhassen, Chaska, Cottagewood, Deephaven, Eden Prairie, Edina, Excelsior, Greenwood, Hopkins, Independence, Long Lake, Maple Grove, Medina, Minnetrista, Minnetonka, Minnetonka Beach, Mound, Orono, Plymouth, Shorewood, Tonka Bay, Victoria, Waconia, Watertown, Wayzata, and Woodland. If you don’t see your area here, Ask Us. We’re growing!