Why 2024 Is The Perfect Year To Build Your home

As we set our sights on 2024, there's never been a more opportune moment to dive into the world of home construction. Several favourable factors converge this year to make home building more enticing than ever before. Here at Patterson Construction, we're breaking down why 2024 is your year to make those dream home blueprints a reality.

1. Falling Labor Costs: A Boon for Homeowners One of the most notable shifts in the construction industry this year is the decline in labour costs. While construction costs have been a concern in previous years, the trend now is toward affordability, meaning your budget stretches further than before. Reduced labour costs can significantly impact the overall cost of your home, potentially allowing for upgrades or enhancements that may not have been possible earlier.

2. Stabilising Interest Rates: Predictability in Finance Securing a loan or mortgage can often be a game of watching and waiting, trying to pinpoint the best time when interest rates are most favourable. Thankfully, 2024 is showing promising signs of stable interest rates, making the financial planning aspect of your build more predictable. This stability not only gives you peace of mind but also provides an opportunity to lock in a favourable rate that won't have you second-guessing your decision down the road.

3. The Rising Cost of Rent: A Push towards Ownership With the low number of houses available in WA and a steadily increasing population, it's no surprise that rent prices are continuing their uphill climb. When weighing the costs of renting versus owning, the scales are tipping more in favour of homeownership. Building your own home in 2024 could very well save you money in the long run, especially when considering the steep rent prices.

4. A Canvas for Your Dream Home: Tailored to Your Desires Why settle for a pre-existing house that doesn't quite meet your needs when you can tailor-make one that's perfect for you? This year, make the move to create a space that truly reflects your style, preferences, and requirements. With Patterson Construction by your side, the path to creating your dream home is straightforward, collaborative, and incredibly rewarding.

5. Efficient Turnaround: Faster from Blueprint to Reality One of the prevailing myths about home construction is the elongated timeframe from concept to completion. However, 2024 brings good news! The process is faster than before, thanks to improved logistics, efficient processes, and seamless collaborations between architects, builders, and homeowners. At Patterson Construction, our experienced team ensures that your home construction journey is smooth and expedited, meaning you're closer than ever to the day you receive your keys.

6. Abundance of Building Products: Choices Galore! Supply chain disruptions had once posed significant challenges to the construction industry. But as we move further into 2024, building products are becoming more available. From the foundational elements to the aesthetic touches, the vast array of options ensures that your home will be both functional and in line with your unique style. This abundance also allows builders like us to source materials more efficiently, keeping your project on schedule.

The stars have aligned in 2024 to make it an exceptional year for home construction. Whether it's the financial advantages, the appeal of custom creation, or the sheer efficiency of the process, there's no better time to embark on this journey.

At Patterson Construction, we're excited to turn your dream home into a reality.