A 'Lot' of Shortage
It's difficult to imagine a shortage of land, especially in an expanse like Kansas. It's one of those things that, until it directly affects you, you don't even see it as an impending issue. According to a recent survey of homebuilders across the country, it seems that lot shortages are becoming quite a problem for builders. Sixty-four percent of builders reported that the supply of lots in their markets was “low” or “very low,” marking the highest percentage of reported shortage since 1997! Due to this shortage, new homes are being built at a remarkably low rate of under 1.2 million a year. Compare that figure to 2005, where total housing starts were more than 2 million and only 53 percent of builders reported a shortage of lots. When building a custom home, finding a quality buildable lot preferably oversized or on acreage, can be even harder to come by with a lot shortage.
As an investment, home ownership is not only one of the most rewarding financial ventures but perhaps one of the steepest. Many Americans take years, if not decades, to make the decision to become a homeowner. While a majority of the time, the wait may be to pay off debt, build credit, or simply save enough for a down payment, studies have shown that homebuyers today, especially first-time homebuyers are simply waiting for exactly what they want. They're not willing to sacrifice any details and want to settle into a home that not only suits their every whim now but will also allow for growth later. Many first-time homebuyers are seeking a home that they can grow into. Similarly, many of these same buyers are not yet taking the plunge because they aren't able to afford the type of home they want at the moment. What these buyers are willing to sacrifice and what they aren't, is a very interesting study.
The decision to purchase a home is not only about preference and logic, but is quite an emotional experience; one that many potential homeowners want to get just right the first time.
Incorporating unique character accents into your home is precisely what makes it a home. A combination of personality, whimsy, functionality, and attention-to-detail can make your spaces enjoyable for years to come. If you're designing a custom home, you have the upper hand in choosing everything from layout, to materials, color, texture, and add-on features. From there, we could all take a cue from Italian design which incorporates function, glamor, and pays tribute to the classics. Italian style surely isn't for everyone but the governing tenets could inspire any proud homeowner. "Beautiful is better," is a design principle that Americans often forget, placing the importance, instead, on functionality. Beauty in everyday items makes your space that much happier, positive, and uplifting. Don't be afraid to use or get the most beautiful accessories and accents for your home!
It's no surprise that another top design principle for Italians is "the kitchen is king." Italians love to cook and to share a meal with the entire family is more than just eating the food on your plate. It's an entire culinary and sensual experience. The kitchen often becomes the hub of the home, where families gather after a long day, where they visit, share coffee, stories, and laughter. The kitchen, therefore, should be given special attention in design.
Moffitt Built is committed to providing you with information, lessons, and tips to make your homeowning and homebuying experience pleasant and easy.