Today's National Association of HomeBuilders report on government regulation costs shows regulations add a whopping $84,621 to new home prices. (See the article: http://nahbnow.com/2016/05/regulations-add-a-whopping-84671-to-new-home-prices/?utm_source=newsletter&utm_medium=email&utm_campaign=mmb0509).
The cost of buildable lots in Palm Coast is rapidly increasing just because of demand. These regulations add a bunch more cost to build on a lot. And our local government just greatly increased the “impact fee” charged builders for the impact a new house will have on increasing the need for them to provide services.
Add all to that the constantly increasing cost of cement, wood, wallboard and everything else needed to build the home and I come to two simple conclusions...
Resale prices will go up higher and faster than predicted.
Remodeling an existing home will be a smart investment.Mortgage rates are still reasonable. If you can buy, buy now!
Talk To Ted !
No comments:
Post a Comment