Since 2019, we have seen the price of lumber rise rapidly. If you're in the market to buy or build a new home, this is something that you have noticed and heard about. However, the lumber pricing has recently seen a drop in prices as well.

While this sounds like great news, it is only a small drop. This is because while prices are down, they are still higher than normal, they're about 80% higher than pre-pandemic levels. This can create a problem for critical housing but also clients like ours who are building their dream home. 

Since 2020, construction of a single-family home has risen by 12%. It may not seem like a lot but if you are in the market to build a new home, this is significant!

When you factor in the rise in construction costs and the fact that the lumber supply is still low, you may think that it isn't a good time to build your dream home. 

But it is! 

Interest rates are still lower than we've ever seen, so it is a good time to lock in mortgage rates and your pricing with Lindal and the planning of a custom home isn't done overnight. 

You can start planning your dream home today!

Building Your Legacy

To learn how we can help you create your Dream Home with Fine Point and Prairie Cedar Homes, call us at 1-855-554-6325 or register your interest here: Register with Fine Point Cedar Homes.

The best part about building a custom home is that you get to make it to what works best for you and your family! Your preferences, style, and lifestyle are at the forefront; you don't have to worry about upgrading or changing because it was built for you. 

In addition, you get to choose the type of house, if a bungalow is your style or a two-story townhouse. The number of floors and square footage you have can significantly affect the cost to build and how much you'll pay for heating once your home is complete. 

As well as how easy it is to maintain and move around in, and so much more.

But how do you know if a single-story home is right for you?

What is a Single-Story Home?

Single-story homes are homes that have one level on the ground. Most homes in Canada have a basement. However, the basement level often does not count as a story on its own as it is below ground level; though, single-family homes don't always need or have a basement level.

Advantages of a Single-Story Home

If you have small children, are looking to build a vacation home, or build a home that you can retire in, single-story homes can have significant advantages to a two-story house.

Here are five advantages of a single-story home:

• More per square footage living space
• More energy efficient
• Simpler to design
• Safer to navigate
• Perfect for any and every stage of life

Disadvantages of a Single-Story Home

With any that's great, there is always a downside. The downside doesn't have to be a big one. Still, when it comes to thinking about your dream custom home, it is always essential to have all of the information to make the best and informed choice!

Here are three disadvantages of a single-story home:

• Cost for per square footage
• Less privacy 
• Potential lack of space

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If you choose to build a single-story home, we know that you won't regret it! There are so many advantages, that it truly could be the right kind of house for you and your family.

Fine Point and Prairie Cedar Homes offers custom built homes, where you work with Barb and Doug Pocha, our exclusive design process  will have you working with our architects! Your home will have all included materials in your home package. 

Custom built homes are the way to go! You get a home that is built to your preferences, turn-key ready in the truest sense of the word!