The Log Home Neighborhood

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Builder Bid Administration in Today’s Economy

With new construction of single family homes at its lowest point since the recession of 1991, many people are hesitant to jump into a new construction project. But, the truth is that it is a buyer’s market and smart investors know that now is the best time to get great deals on new construction, especially for log homes.

But, the current economic environment isn’t going to last forever. Most economists expect the housing market to bottom out in mid-2009. Once the supply of new homes is back into balance with demand, new construction will begin to increase at a normal pace. Once construction begins to pick-up, prices are bound to increase.

For those individuals planning to build a new home, the timing couldn’t be better. Now is the time to get aggressive with competitive bidding. With the current economic environment, builders and subcontractors are looking for work and willing to cut deals that would have been unheard of a few years ago. The harsh reality of the current economic climate has set the stage for current buyers to reap the benefits. It is smart buyers, like you, that know it is best to buy at the bottom of the market and ride the wave up.

To help you do that, look for a company that will assist you in getting the best results through competitive bidding. Ideally, this company will gather and organize builders’ competitive bid information in order to assist you in making a good builder selection.

Price is certainly not the only factor in selecting a builder. Reputation, quality of work, and financial stability are all factors that must be taken into consideration when selecting a builder. In conjunction with helping you find a builder that offers competitive pricing and superior build quality, look for a log home company that will provide “builder due diligence” by gathering background information on prospective builders. All of these factors will assist you in making an informed decision and at very competitive pricing.

Learn more about finding competitive builder bids for log homes.

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Comment by Neighborhood Host on August 7, 2008 at 9:46am
It does seem like now could be the best time to build or buy a home - if you can. And if you can, building now can potentially save you thousands of dollars.
Comment by Rob Romine on August 7, 2008 at 9:19am
I agree that now is the time to buy. For those individuals that are financially prepared and have property the promotional offers can't be beat. To add to what Jennifer said, make sure you do your research on a builder. Just because a log home company says a builder does great work, or your cousin works for a particular builder, does not mean that the two of you will get along. Starting a project with someone that you don't have respect for, or you have lost confidence in, always leads to a bad building experience. Don't just look at price, don't just visit a job site where the buidler is currently working. Make sure you explore all avenues in doing your research. I've found that talking to the local lumber yard where a builder makes his purchases is a great way of finding out if he is busy, if he is working multiple projects, and if he pays on time. Also consider talking to your local Home Builders Association or trades affiliation.

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