Best Time to Build a Log Home | Building a Home in the Current Market Can Save You Thousands

It may seem like right now is not the best time to build a log home. But building a log home in the current market actually could save you thousands.

by: Joe Bousquin | for Log Home Design magazine

Building a Log HomeWith all the attention on today’s housing market, it’s natural to feel apprehensive about building a log home anytime soon.

But there are considerable upsides to the current housing situation for buyers who want a log home now.

For one, with more
log home companies eager for business, many have begun to drop their prices, starting with the log packages themselves.

It may seem like right now isn’t the best time to build a log home.

But building in the current market actually could save you thousands.

“It’s been a popular trend to discount the price of the logs,” says Mike Cole, assistant vice president at M&T Bank, who specializes in nationwide log home financing.

“If you’re willing to have your logs delivered within the next few months, many producers will offer to take 5 percent off the cost of your entire log package. With an average price of $80,000 for logs, that’s $4,000 in savings right there.”

Sometimes, the discounts can be even bigger. At AmerLink & In The Woods, a Battleboro, North Carolinabased log home manufacturer, President John Barth says the company has been selling log packages for 10 to 15 percent less today than a year ago.

“For quick and nearterm deliveries—meaning within four months—we’re offering some pretty deep discounts,” says John, whose company ships approximately 480 log packages each year. “There are certainly some nice opportunities for buyers in this market.”

And the savings don’t stop at the logs. Experts say producers also are willing to help with the cost of your loan. “Some manufacturers will pay the borrower’s interest on the loan during the construction period,” reveals Doug Groff, president of American Log Mortgage in Mountville, Pennsylvania. “In other cases, they may offer to pay a point or two
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