With economic uncertainty likely to extend through 2020 and a downturn in competition in the housing market, it's a clear-cut buyer's market and a great time to purchase a lot and build your dream home.
The single-family home rental market is also soaring thanks to this trend and the high demand, so building a custom home and making it an income property is another great option.
Either way, there are plenty of fabulous types of homes to choose from, especially if you want to custom build.
This is the fun part!
To help, we've put together three highly sought-after design styles. Keep reading to see what's trending, then enjoy the process of choosing and building your ideal home.
ColonialColonial homes boast a classic, symmetrical beauty. Shutters and windows are evenly spaced across the front. Columns frame the door, and a chimney and dormers line the roof.
The style dates back to the 1600s and the then-English colonies in America. Colonial homes were typically found in the cold north -- hence the steep roof and small window panes to conserve heat.
The historical charm is part of the lure of these gems today, and you can choose from various customized types of colonial houses. For example, you can add a splash of modern into your colonial exterior, go for a cozy cottage colonial style, or keep it classic on the outside with a contemporary interior.
There is something for everyone with colonial architecture, and it's not going out of style.
ContemporaryThe terms contemporary and modern are often used interchangeably when describing architecture styles, but they are different. Contemporary refers to present-day home styles. The word literally means 'marked by characteristics of the present period'.
Contemporary homes have clean, simple lines and open spaces and tend to be energy efficient and sustainable. For example, the windows are large to bring in natural light, and materials are often non toxic.
Modern architecture refers to styles of homes from the '40s to the '60s specifically. Mid-century modern is an example and, like contemporary style, incorporates large windows and open spaces.
CottageCottages are simply small homes and are the embodiment of charm and coziness because of it. They're economical when it comes to building materials and energy use and are ever-more sought-after, especially for small lots and urban spaces, as well as for vacation homes.
Cottages come in all design styles. If you love the tradition of a colonial, for example, consider a colonial cottage exterior paired with an open contemporary interior with big windows and doors for more natural light and to make the most of the smaller space inside.
To further use the small space in the most efficient and charming ways, most cottages have porches, large doors, second stories, and brightly painted woodwork
The word cottage comes from the "cotter" of yore. A landowner in medieval times hired a cotter to work the farm in exchange for being able to live in a small house on the land.
The Most Sought-After Types of Homes AwaitNow that you have a taste of trending home design styles, you're ready to consider more closely which types of homes might be right for you.
Did any of these pop out at you? We hope so because that would be a great place to start.
Feel free to give us a call at any time. We can answer any questions you might have about custom homes, show you more options, and help you find the right style and building options.
We're here to help you build your new dream home and make it an enjoyable and efficient process.