Martin Custom Homes

7527 Buckley Road
North Syracuse, NY 13212
Office:(315)452-3245      Fax:(315)452-9454
Andy: (315)374-4531    Dave: (315)374-4527


Excellence in building your dreams!

News and Events

Interest rates – What’s happening?  
Interest rates were expected to climb this year, but no one thought that they would increase so quickly.  Since the first of the year rates rose to over 4% and then back down to the low 3% range for a couple of weeks.  They have since moved rapidly to between 5.375% to 5.75% for a 30-year fixed-rate mortgage.  Historically through the years, this is still a relatively low rate, but still a shock for people who became accustomed to the  3%or lower rates.  What we don’t know is how much higher they will climb.   If you are thinking of building the mid-5 % range is still considered low.  You do have other options. We are not bankers so talk to the lending institutions that offer construction loans to research the loans we mention here to see if they are right for you.  Options are out there now or coming soon, for what they call 5/1, 7/1, or 10/1 variable-rate mortgages.  This is where the loan is rate low maybe 3.25% to 3.5% and stays fixed for the first 5, 7, or 10 years. Interest rates will be a little higher for the longer fixed-rate lock times. Thereafter, the rates change based on the interest rates at that time.  That’s the simplified version so talk your lender.  Our best advice is if you are thinking of building, start planning now.  Lenders will not accept an application for a mortgage or give an interest rate lock unless you have a set of home plans and a contract with a builder.  Present your plans and contract to the bank and you will lock in at that day’s rate.  The planning portion is easy with no outlay of money until you’re ready to go to the architect.  Give us a call so we can guide you through the process and show you how to make it happen! 

Building Material Prices    
Building material prices had receded to what we thought was the new normal as of October and November 2021.  They were still higher than late 2020 but not as bad as the summer of 2021.  Unfortunately, the prices are spiking again.  We have no idea where they are going to end up due to the transportation costs as well as other factors.  It doesn’t show signs that they will be coming down soon.  The only thing we can tell you is that we do everything we can to keep the price as low as possible.  We check the prices at the time of contract signing and that is the number that you pay.  We don’t like to use escalation clauses in our contract where you have to worry throughout the build about potential price increases being passed to you.

Thinking of building? Want to know how? Now is a great time to learn, plan and design a new home with us, virtually!
If you have been thinking about possibly building a new home or want to know if you can, now is a great time to do it!  In-person or VIRTUAL!  You can speak to us from the comfort of your home via your computer or iPad!  We have many plans and photos here on the website, but we have many other plans and photos to show you in person or at a virtual meeting.  Some of the plans on this site have been built in several different configurations and one of those may interest you.  We can also create a new home design.  Give us a call at (315)374-4531 and we can schedule a time.  Prepare and plan now before interest rates go up! 

"We're just as friendly after the build, as we are in the beginning!"

Are you looking for a little more ammunition to convince the spouse to build a new house?  Here’s some of the reasons and benefits of building new!  The time is right and interest rates are still low!  Learn More

Martin Custom Homes tries to help out in the communiy when we can.  See some of the projects we’ve helped on.  (Just setting this up as a new section. More to come as time permits.)  Learn more

Bring your own plans or select from one of our many floor plan designs – we will customize to suit your needs. We build in all price ranges!  Learn more

See the information on some of the lots/sub-divisions available now, or get more information about building on your own lot or land. Learn more

What separates Martin Custom Homes from the other builders? Call it old school if you like, but at Martin Custom Homes we feel that certain features shouldn’t cost extra. Attention to detail, although hidden from sight behind walls, is just as/or more important than features that are readily visible.  Learn more

Want to learn a little more about Dave and Andrew Martin?  Click here to read our history.  Learn more

The Martins

We can tell you a lot about ourselves, but it’s better for you to hear it from clients we’ve built homes for.   Read here what a few of our customers had to say.  We also have no problem giving you names of any of our many clients, so  you may speak to them for assurance that you are talking to the right builder.    Learn more