Why You Should Start Now if You Want to Build in 2024

In the dynamic and constantly changing landscape of architecture and construction, the decision to embark on building a home or commercial space is a significant one, and the timing is paramount. At Elizabeth Hales Design, we recognize the challenges and opportunities inherent in the current environment, and we believe that now is the perfect moment to commence the design process for your 2024 project.

One critical aspect to take into account is the current and future interest rates. Projections suggest that interest rates are likely to remain stable or experience an increase. This upward trend is a response to managing inflation, impacting not only homeowners but also owner-builders, contractors, and suppliers.

Material costs and availability are significant factors influencing the construction industry. Although the lumber supply issues have eased, costs for certain materials remain elevated compared to pre-pandemic levels. While it may still be more expensive than 2019, understanding the nuances of material costs is crucial for effective project budgeting. Partnering with EHD ensures that our team is adept at navigating these challenges, providing valuable insights into cost-effective alternatives without compromising on quality.

Despite the rising costs, there are numerous strategies to save money during the building process. This is especially true for those willing to explore unconventional methods or take a hands-on approach to construction. Elizabeth Hales Design encourages clients to consider these cost-saving measures, tailoring our approach to meet your unique preferences and budget constraints.

Looking ahead, interest rates and overall building costs are not anticipated to decrease in 2024 and may even continue to rise. The volatile market and unpredictable global events underscore the financial benefits of starting your project sooner rather than later. By initiating the design process now, you position yourself strategically to navigate potential future challenges, capitalize on current market conditions, and ultimately save money in the long run.

Another reason to start designing now to build in 2024 is winter is the off-season, meaning that the permit process is going to be significantly faster and builders and contractors are going to have more availability.

In conclusion, choosing Elizabeth Hales Design for your 2024 project is a decision that will allow you to succeed within the current realities of the construction world. Our expertise, innovative approach, and commitment to client satisfaction make us the ideal partner for turning your vision into a reality. Seize the opportunity to invest in your future space by starting the design process with EHD today.

Why Elizabeth Hales Design?

Choosing Elizabeth Hales Design as your partner in home building means gaining access to a network of experienced professionals, knowledge of multiple regions, and a commitment to making your dream home a reality. Whether you're building in Utah, California, Miami, New York, Canada, or beyond, our firm is well-equipped to guide you through the process with care and expertise. We look forward to working closely with you to turn your vision into a beautiful, functional, and lasting reality.