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Why now is the time to build a log
cabin
Low interest rates,
high inventories are good news for buyers
Despite
the jittery economy, experts say that now is a great time to consider
building a cabin. Interest rates are at a four-year low, builders
are eager to work, and material suppliers have inventories they need to
move.
“Many log home companies are working very hard to keep their pricing
steady and in line with the current economy,” Mark Munzert of The
Original Lincoln Logs, Chesterton, New York. “This, plus the savings
that can be gained because building contractors are competitively
looking for work, makes this a great time to build.” Translate that to
mean the construction industry is ready to tackle work now and you may
be able to pay best-dollar rates.
A slowing
economy has affected all segments of the construction and home sales
market, but the vacation home arena seems least immune from lasting
damage.
“The increase in oil costs have hurt every industry and the economy has
slowed things down, but Baby Boomers are not the same as first time home
buyers and are now positioned to build for their retirement or vacation
home,” Munzert says.
Log homes continue to attract second home buyers and have an intrinsic
value that separates them from the primary home market. Certain parts of
the country have actually experienced an increase in sales and have
passed on their good fortune on to the customer.
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