If you’ve been thinking about buying a new home, as the saying goes, “There’s no time like the present.”
Timing is everything, and right now interest rates are low, inventory is up, and prices are more affordable than they were a year ago.
“Rates had gone up in the last year or so, so if you’ve put off home-buying for awhile, rates have come back down and they’re around four percent. That, combined with market conditions and more inventory are on the buyer’s side,” said George Caravelli, owner of Worthington Homes, in Lakewood, Illinois. “There’s more to choose from and if you already own, you’ll be able to sell better and make the move you want.
Homes in Worthington’s Cortland project are particularly affordable, at around $180,000. “People who don’t think they can afford to buy, can buy,” Caravelli said.
Spring and summer are typically the busy season for home building. “Families want to buy by mid-June, before school starts in August,” said Caravelli. “We have inventory available right now, with homes ready for move-in.”
Everything is included in Worthington’s Townes at Robinson Farms development, in Cortland. “That’s been my mantra,” Caravelli said. “When you buy a Worthington home, everything is included. You don’t have to buy extras from us. We use professional landscaping, laminate flooring, we case the windows — and we use Anderson windows. We use Kohler plumbing fixtures, granite countertops and include every stainless steel appliances, even the washer and dryer.”
Buyers can lock in today’s low interest rates. “It’s all in your mortgage so you don’t need excess funds,” noted Caravelli. “You literally borrow $1,000 for $5 a month in payment. If you borrow $100,000 for $500 a month, that’s the same as a car payment for some people. “To put it in perspective, you can buy a house for what you pay in rent. You might as well own because it’s not going to get any cheaper.”
Lakewood, IL 60014