Log Homes of the Smokies: Log Home log Cabin Articles

ARTICE LIBRARY: NOW IS THE TIME TO BUY LOG HOME

In spite of the existing housing sector situation, log homes are becoming more popular than ever. Indeed, studies show that constructing a log home is preferred by a sizable percentage of the baby boomer population.

Now is the optimum time to purchase a log home. Although we continue to hear about the fluctuation in the real estate market… houses sitting on the market for longer periods, land not selling well, and purchasers finding it more difficult to acquire financing - as a result development pricing is down and it is a buyer’s market.

Land prices have greatly declined. Together with the higher burden of more land and homes on the marketplace selling prices on land alone have decreased, along with resort areas.

In the meantime, interest rates are low. Economists are indicating interest rates may start to edge back up shortly. Interest rates are the single most variable element in establishing the monthly mortgage payment. Therefore the lower the interest rate, the greater house you can purchase for the investment. The best time absolutely is now for taking advantage of low interest rates.

Contractors are also generally charging far less than when the housing boom was going on earlier this decade. Together with slower growth in the housing market you will probably find far more building contractors and sub-contractors with smaller workloads. Contractors tend to be more willing to lower their profit margins in order to preserve their business. The outcome is a lot more construction value for your money.

Log home ownership is a love and a life time aspiration for many people. Take full advantage of reduced prices and interest rates by purchasing the log home you've been yearning for now.