re: Build Home Now or Wait to Build

Finishing up a build right now… we are about $15k over bid in July. Literally everything is more expensive from landscaping to appliances to fixtures etc. my recommendation is same as others, order early (garage doors, windows, plumbing fixtures) and if you can, borrow 10-20k more. Price of wood came down, I remember worrying about that but looking back that was the least of my concerns. I don’t regret building right now, as this is the house we hope to stay in for 30 + years and I got one hell of an interest rate last June. I know my contractor had to eat a lot of cost related to inflation as well, I imagine they may start changing how they word their contacts to reflect this so this is something to discuss before getting started as well.