Clients often ask me whether this is a good time to custom build a Scottsdale home. In several custom North Scottsdale neighborhoods, the prices of lots are down drastically.Â Silverleaf for example has lots current priced at 75% off of what they were selling for in 2005 and 2006. Â If that is not enough reason, review the next three reasons.
1.Â With low priced lots and construction costs at the lowest they have been in years, it may be a great time to build that home of your dreams.Â
2.Â If borrowing money to build your dream home, the good news is that there are now banks willing to invest in conÂstruction loans and portfolio loans from ground to construcÂtion to full-service mortgage.
3.Â Interest is still offered at terrific rates.
4.Â Begin working on plans today, it may still take several months to a year to get them finished and through permitÂting, before actually breaking ground.
If you are looking for a Scottsdale home we would be happy to help. Please visit our Scottsdale real estate website below or call me directly at 1-800-300-0263.
Realtor | Attorney
The Brodeur Luxury Group | Trillium Properties
8755 E Bell Road, Suite 108 | Scottsdale AZ 85260
Cell (602) 791-0536
Direct (800) 300-0263