Between the initial savings and your annual savings, building a custom home on your property, especially with our Mitchell Homes teamHomes team, is by far one of the best options you can make for your family and your financial future. While there are often up-front property costs that make renting a more acceptable option, it’s not something to worry about when you decide to build a home with our Mitchell Homes team. In addition to eliminating the financial barrier associated with prepayments for the construction of a single-family home on your property, you’ll find even more financial benefits when you move in. If you think it’s time to do something with your property, this is probably the right time. You can be sure you’ll leave with one of the lowest interest rates in the industry and that the house you’re building will be a financial blessing, not a financial mistake. No longer are you limited to looking for suitable homes for sale in your favorite school district or neighborhood, because these are things you considered several months or even years ago. This is a common practice for all other builders and is usually a budget line item when you build a custom home on your property, but we don’t require you to have one. Although there are advantages to renting if you already have a property, building a single-family home on your property often overrides the alternative. There are many advantages to building a custom home on your property. You have already spent time searching for and identifying the correct location for your future home and have begun buying the land. Have you thought that your mortgage would probably have a fixed interest rate? Knowing what you owe each month will help you improve your budget for the future. Do you own a piece of land that hasn’t been touched? This is a very common scenario at Mitchell Homes. Choose energy-saving construction materials and equipment and you’ll see the savings increase year after year. Now is the time to have fun! Now you can choose a builder and start building the house of your dreams. If you qualify for the loan, you can claim 50% of the interest you pay on your newly built home and enjoy these savings year after year. For example, if you are building a home in North Carolina for the first time as a buyer or veteran, you are often eligible for the NC Home Advantage tax credit.