Good news! Mortgage rates this year have remained relatively flat with only a slight tick upward of less than two tenths of a percent forecast.
Although rates are a bit higher than last Fall, they are still at all time lows. In addition, reports show that the inventory of existing homes for sale is low, keeping home prices up. That has caused newly constructed home costs to be extremely competitive in this market, and can even cost less than comparative existing homes.
You owe it to yourself to explore your options when purchasing a home. Give Hopkins Builders the opportunity to discuss your home needs and what a newly constructed home has to offer.
Chart: 2017 Mortgage rates, freddiemac.com
The Moodys chose Louie’s company for several reasons. “We were very impressed with his personal home as well as the other homes he’d built. He actually came in a little lower than the other builder we had interviewed and gave us more detailing to the house than they planned on doing,” Leslie says.
Features the Moodys had not expected included wrought iron railings outside and on the inside staircase, and larger doors for their bedrooms and closets. “The larger doors really made a difference,” Leslie says. Louie also found extra space and suggested uses for it, including adding an office off the upstairs playroom.
For years, mortgage rates have remained at historic lows. But that trend seems to finally be ending as the Federal Reserve begins to raise their rates. At one point in the last five years, mortgage rates have been as low as 3.36%. Those days may be over for good.
With that in mind, those considering a new home project would be wise to explore their options now rather than later. Hopkins Builders can answer all your questions about the process of building your dream home, as well as suggest neighborhood developments and lots. Give them a call today.
In 2003, Hopkins Builders built a home for Badge and Laura Baker in Florence. In 2008, when Badge’s employment took him to Manning, SC, they turned to Louie again. Badge says, “We were very pleased with how Louie built the first house, so we were happy to use him again for the second one. He was very prompt in doing what he said he was going to do. I thought Louie was very helpful with suggestions to dress up a room or to cut back on our costs.”
Badge says he was not up to date on building materials and methods, but Louie was, so when he read or heard about something new, he called Louie. “I relied on him to help out with that,” Badge says.
The area is climbing back to normal as it attempts to clean up after Hurricane Matthew blew through. You may be one of the unlucky ones that experienced damage to your home. Many have been surprised at the enormous estimates to repair seemingly superficial damage. This may be a good time to think about trading up to a newly built home from Hopkins Builders. Look around your home and think about all the things you’d like to change. This may be a golden opportunity to make that leap to a brand new home! Give Louie a call to discuss the possibilities!
Chris Arnold in a recent story on NPR, reports that home renovation is experiencing a boom, which has strained the ability to find a good contractor. Arnold reports that with rising home values, homeowners now have the ability to spruce up their living situations using their homes equity.
Some are spending upwards of $140,000 on kitchen renovations. Granted, this antidote is from the North East where prices are a bit higher, but it begs the question of when would moving to a newly constructed home be advantageous to fixing up the same old place. If you are thinking of a major renovation to your existing home, you should consider the opportunity to move to a new home, constructed just for you! Contact us today and we’ll be glad to walk you through your options!
Owner Louie Hopkins is a second-generation builder. As a youth, he began helping on construction sites and eventually worked his way up to overall management. With hands-on experience in various phases of construction, he founded Hopkins Builders in 2001 with the knowledge that making customers happy was the only way to be successful, and the company soon earned a sterling reputation.
Louie says, “We try to go above and beyond in all of our homes. All of them exceed energy-efficiency standards. I think our customers appreciate that we try to give them a higher-quality home with larger moldings, custom cabinets and a variety of flooring options.”
According to a recent story by the AP, 10 years after the housing peak, homeowners are far better off than those who are renting. The huge drop in interest rates have made housing much less expensive than renting in addition to gaining equity. Renters are faced with rising costs due to the higher demand for rental properties. These stark realities prove once again that owning your own home is bar far one of the best investments you can make. If you’ve ever considered building your new dream home you owe it to yourself to explore the many opportunities. Louie at Hopkins builders will be glad to discuss those possibilities today, give him a call at 843.992.4697.
As the Fed hints at rate increases, Mortgage rates have ticked upward, according to a recent Forbes report. While forecasting what rates will do in the future is anyone guess, reason has it that the historic low rates can’t last forever. If you’ve been thinking about building, now by be the best time to start the process for your dream home. Contact Hopkins Builders today and we’ll talk you through the process and what you need to do to get on track toward your new home!
Hopkins Builders is excited to offer several options for building lots in new developments around town. The Summit at Oakdale has sizable building lots available in a new development off Pine Needles Road in West Florence area. Building activity is just beginning and this would be a great opportunity to get in on the ground floor, no pun intended. Several of the lots offer waterfront views as they back up to a long narrow lake.
Also coming up is Phase VII of Windsor Forest. These building lots may go quickly in this much sought after neighborhood.
Contact us about these two offerings today. Call 843.992.4697.