Why build or remodel now on Hilton Head Island?

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Dear Friends, Clients and Fellow Associates~

Timing is everything.  I asked my favorite builder to give me some insite on the building industry now and what are the reasons he has been busy these past few years.  He took some time and answered my questions.  If you have questions feell free to contact him anytime, his name is Scott Bunting and his cell is (843)384-7468 his email is SBunting@buntingcompany.com.  He not only has a higher expectation of quality, he is approachable and is a straight shooter.  Below are some questions and answers:

Allow me to answer your questions one at a time…

First, Why build now?

There are actually many good reasons to build right now. Think of the economy from a different more positive point of view for a moment. Subcontractor, vendor and supplier prices are very low at this time which makes building costs significantly lower than previous years. For example, the National Association of Home Builders Housing Data shows that the framing lumber prices are at their lowest, $235 per 1,000 board feet, since 2004 where it was at $431 per 1,000 board feet. Also, residential window and door sales have been steadily decreasing, forcing many companies to begin selling their products for a lesser price. According to Ducker International Forecast, shipments are down almost 30 million from 2005 when they were at their peak of sales/shipments.

For people curious about building who don’t own a lot or home already, it is a great time to buy. The combination of near record low mortgage interest rates and the outstanding selection of inventory on the market make now the best time to purchase a property and build. According to the National Home Builders Association, “there may never be another buyer’s market as good as today’s.” Real-estate is predictably cyclical; ultimately, prices will increase as inventory declines and demand increases.

By purchasing a property for a lower price now, you can customize and build a home built specifically for you and your family.  Building today is a great and smart investment for tomorrow!

Second, what are construction costs now?

Construction costs vary from house to house depending strongly on the owner selections and changes made through the building process. According to the National Association of Home Builders the average price per square foot of floor area in a new one-family house in the United States has been steadily decreasing since 2006 when it was at its highest in 15 years. According to the data, the northeast region of the U.S. is most expensive while the southern region is least.

Third, How to choose a home site?

Home site selection is all personal preference. Depending on what kind of home the owner wishes to build and what type of atmosphere they wish to live in; whether they wish to live in a nice school district, have a beach front view, or live in a quiet secluded forest area. It is all up to the owner. Recent trends show that lot prices are lower and the costs of older homes that could be torn down is also low which could sway a property buyers decision.  Bunting Construction Company, Inc. will build anywhere.

And finally, How long does it take to build a great home?

From the beginning of the Design/Build process to the point in time where the Certificate of Occupancy is approved, Bunting Construction Company strives to completethe project in less than a year. The building process can vary  depending on the owner’s selections and changes throughout the project.
 
Scott Bunting
Bunting Construction Company, Inc.
www.BuntingCompany.com
Office: (843) 842 – 9033
Fax: (843) 842 – 9209

 
 
 
 
 

 



Redecorate on Hilton Head Island!

Be the first to comment on this post Categories: Hilton Head Business Partners, Off Topic Hilton Head Area

Dear Friends, Clients and Fellow Associates~

The other day I went for a listing appointment.  The seller was busy getting ready to put the home on the market.  As we walked from room to room it was easy to see that this seller had some great furnishings and accessories.  The only problem was they were not in the right place to make a great first impression.  I had Kelly meet with the sellers and she not only got the job she made it fabulous.  They liked it so much they decided to take it off the market and enjoy it!

Kelly has helped me with staging my homes to sell and also has helped with a custom built couch!  Whether selling, staging or just living give Kelly a call and take her up on her free one hour of design constultation on Hilton Head Island.   Below is a little bit about her:

Designing to Sell, Inc.

Designing to Sell provides a wide scope of home staging services to assist home owners in getting ready for the real estate market. Right now the competition is great and each home needs to be distinguished from the others. Knowing what a home needs to set it apart from the competition helps the homeowner realize the sale.

Vacant Staging:

Staging vacant spaces is crucial as it gives purpose to each space, provides color and warmth and creates an inviting atmosphere. It is important to provide custom, new furnishings and accessories for each space in the home to create a look that is specific to the style and architecture of the home. Staging vacant spaces helps visually guide home buyers to understand all the wonderful features a home has to offer that might otherwise go unnoticed. 

Occupied Staging:

It is very important that home buyers are able to get a perspective of themselves in the home as they pass through each space. This makes it crucial for home owners who currently occupy a home for sale to have each space staged so that it provides a selling atmosphere. Staging an occupied home may include furniture re-arrangement, de-personalizing, color neutralizing, de-cluttering and curb appeal.

Home Renovations:

Major and minor renovations are another staging option for homes that are dated or weathered. Home buyers often do not want to hassle with fixing up their purchase or have trouble visualizing a homes potential. Assisting home owners in making budget savvy choices for necessary changes can really increase a home’s selling potential and its value.
 
Designing to Sell specializes in all of the above staging services. Please call for a one hour free design consultation!
 
Kelly Hughes
 
Designing to Sell, Inc.
p. 843-301-3226
f.  843-715-2525
www.designingtosellinc.com
 
Put Your Home Ahead of the Competition




Copyright © 2024 Hilton Head Real Estate. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.
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