Rising inflation rates caused increased prices in building materials and, therefore, homes. If you’re like millions of others, you’ve held off on building your dream home, hoping that prices would fall again. The unfortunate truth is that real estate prices won’t fall within the next few years, so the question is, should you build your forever home in 2023? The answer for most people is yes, as long as you can afford it. Here’s why. You Can’t go Back in Time Building your dream home in 2019 would have cost a lot less, but we can’t go back there. Prices won’t reverse, and no one has a time machine to go back in time. So instead, it’s time to take control of the future. What you can do is lock in today’s prices. The good news is lumber prices aren’t as crazy high as they were this time last year, so you’ll save some money on materials. That’s not to say they are as low as before the pandemic. However, that’s par for the course, even without a world crisis. You can Cut Corners Ev...
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