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News and Events
The Parade of Homes is back! Opening on September 11, 2021!
The Parade is in a new community called “Treybrook” in Baldwinsville, Town of Van Buren. It is on the site of the former Seneca Golf Course located on NY State Route 48, about 1 3/4 miles north of John Glenn Blvd, (just north of the Route 48 – Jones Rd.} The Parade will be open each day starting on September 11 through the 26th. To see photos and information from all our previous Parade of Homes Entries from 2011-2018, see the top-line menu item “Parade of Homes” above. Click here to learn more about the “September 2021 Parade of Homes”! See you at the show! Dave & Andy Martin
Interest rates – Still very low!
Interest rates on 30-year mortgage loans with 10% down and no PMI are now around 3.25%+/-. The rates did creep up for a couple of weeks to 3.75% but have come back down. It looks like they will hover in the 3.25% to 3.5% for the rest of its year, but that could change if any major events take place. It’s a great time to build a home! Just letting you know that 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 and we can tell you about the process and what you need to do to make it happen!
Building Material Prices
If you haven’t heard, we have experienced a dramatic increase in the costs of building materials over the past year, and they are continuing to rise. There are many causes including labor shortages, trucking and shipping problems, a growing “pine beetle” problem, increased demand as the home market is red hot, people staying home during the Covid-19 pandemic with the only thing to do was to work around the house, forest fires in the west, and the list goes on and on. These increases are definitely increasing the cost of a new home by $20,000 or more. However, the sharp increase in the cost for a resale market home due to the demand and lack of inventory seems to be offsetting this material cost increase. It does not look like the costs of materials are coming down this year. Only the Lord knows how far the prices will recede next year. In any event, the consensus is pricing will not return fully to near its previous levels. The question remains, “Should you hold off building while waiting for material prices to come down and gamble that interest rates won’t go up during the waiting period?” If you wait, will you be able to find the lot you want? Give us a call and we can discuss the options that you may have. Click here to read an article discussing the issue. Be careful if someone is giving you a lowball quote for a house based on old material cost pricing and then putting an escalation clause in the contract for you to cover the cost differences. An escalation clause is not a totally bad thing, for price increases that are unforeseen, but you need to know that the base prices are current when you sign the contract.
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 VIRTUALLY! 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, many more plans and photos that are made available to you in a in person meetings. We can also share and discuss them with you in a virtual meeting. Some of the plans on this site have also been built in several different configurations and one of those may interest you. We can also plan a totally new design. Give us a call at (315)374-4531 and we can schedule a time for an in person meeting or a virtual meeting which is simple to do. Get ready now before interest rates go up!
Thinking of moving a little farther west!
More and more people are looking to move to the Auburn and Elbridge areas. There are some nice developments in Elbridge which you can call us about, but we just found a real nice neighborhood in Auburn where lots are large and some have a view of Owasco Lake! These lots have all utilities and very reasonable lot prices! Some are even walk-out or daylight windowed basement capabilities! Check out the “Keystone” neighborhood in our communities section under “Where to Build”. We even have some photos for you!
"We're just as friendly after the build, as we are in the beginning!"
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
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