Thinking of Buying a Home in 2023?

The process of buying a home has always been an exciting yet complex journey, shaped by economic trends, technological advancements, and shifting societal priorities. As we finish out the year of 2023, the real estate landscape continues to evolve, presenting both challenges and opportunities for prospective homebuyers. Whether you’re a first-time buyer or a seasoned investor, understanding what to expect when buying a home this year can help you make informed decisions and navigate the market confidently.

Tech-Driven Home Search

In 2023, technology continues to redefine the way we search for homes. Online platforms, virtual tours, and 3D property models have become indispensable tools for buyers. These innovations allow you to explore properties remotely, saving time and making the initial selection process more efficient, especially for out of state buyers.

Supply and Demand Dynamics

The balance between housing supply and demand heavily influences the real estate market. In 2023, various factors such as population growth, economic conditions, and housing construction trends contribute to this delicate equilibrium. Buyers may find themselves in a competitive environment, with limited housing inventory leading to bidding wars and potentially driving up prices. Staying informed about local market trends is crucial to understanding the supply and demand dynamics in your area and the best way to do that is to hire a seasoned realtor who knows their local market inside and out.

Interest Rates and Financing

Mortgage interest rates play a pivotal role in determining the affordability of homes. While they’ve remained historically low for several years, fluctuations can still impact your purchasing power. As a homebuyer, it’s essential to keep an eye on these rate changes and work closely with your lender to secure the best financing options.

Remote Work Influence

The work-from-home trend, accelerated by the global pandemic, has transformed the way people view their living spaces. In 2023, buyers are placing more emphasis on homes that offer dedicated office spaces, high-speed internet connectivity, and a comfortable environment for remote work. Properties located in areas with a good quality of life, away from densely populated urban centers, are gaining popularity among those seeking a healthier work-life balance. This is the reason we’ve seen such an increase in out of state buyers right here in Billings!

Buying a home in 2023 presents a unique blend of opportunities and challenges shaped by technological advancements, changing societal priorities, and economic factors. As a prospective homebuyer, staying informed about market trends, understanding the impact of interest rates, and embracing sustainability and wellness considerations will empower you to make confident decisions. By leveraging technology and collaborating with experienced professionals, you can navigate the evolving real estate landscape and find the perfect home that aligns with your needs and aspirations. When you’re ready to buy or build your dream home, contact us here

Infinity homes has been building custom homes in the Billings, MT area for over 15 years. 

What started as a 1-2 build a year company quickly grew to 50+ homes a year. 

Here are a few of the things that we attribute to our success as local home builders in Billings MT! 

Keep it local.  

Since the beginning, we have sourced all of our sub-contractors and products from locally owned companies right here in the Yellowstone Valley. In fact, most of our sub-contractors know Levi on a personal level- he went to high school or coached wrestling with them! We love to keep it in the family and keep dollars in our community. Using all local products and people also guarantees our quality. We provide a warranty on all of our new custom homes and guarantee our work, because we personally know the contractors! These are the same people we trust to build our custom homes so we feel confident in offering the same level of service to each of our clients.

Luxury meets functionality.

One of the things we learned early on in building new homes in Billings, MT was that everyone wants luxury, but everyone also needs functionality that fits their family and their lifestyle. We work closely with our architect to provide both and now have a library of floor plans that meet anyone’s needs. We customize each floor plan to each client based on their needs and desires and offer endless budget friendly luxury finish options. For example, we may build a single level custom home for a couple who just retired. We may suggest putting their laundry room right off the master closet, connected to the master bedroom for ease of completing chores, with no stairs to navigate! For the adventurous young couple who loves their pets, we’ll think through and design where the dog doors are places to minimize mud being tracked into the house. Hate cords on your kitchen counter tops? Let’s add outlets inside the pantry so you can charge phones and appliances out of sight! The possibilities to customize our designs to our clientele are endless and we’ve got the experience to suggest exactly what you and your family need but wouldn’t know to ask. 

Experience.

Led by our brother/sister team of real estate agent and broker, Levi and Cozi Wanner have built one of the largest construction companies and real estate agencies in the state. Besides building custom homes in Billings, Montana, they also specialize in buying and selling existing homes for their clients. Representing buyers and sellers for hundreds of homes over the last decade has also made their experience in custom home building invaluable. Listening to what buyers and sellers want and need in a home has only increased their knowledge of building the homes with features that people want. Very rarely does one find the perfect home with all the features and functionality that they are looking for. But building a custom home can accomplish both of those goals and having Levi, Cozi and our team lend our expertise to that process can produce the end result of a dream home that fits each client’s budget. Besides our real estate and building experience, the Infinity Homes team has made the entire home building experience stress free. We’ve perfected our system of helping you make your selections and keeping you updated on your build to make the entire process fun and exciting, instead of stressful. We never suggest things that aren’t in your budget and we work with you every step of the way to keep you in the know on each step of the building process.

These are just a few of the things that make Infinity Homes the premier home builder in Yellowstone County and beyond. If you’re ready to discuss your options to build your dream home, contact us here. 

When you start thinking of building your dream home, choosing the right lot is the very first step! Here are some things to consider while looking at different locations and areas so you can find one that best fits your family’s needs.

1. School Districts. If you have school aged children, evaluate what district they would be in and what bus routes and commute times are like. Maybe you want the ability to walk to school, or you don’t mind a short commute to drive, or an even longer one where they can ride a bus.
2. The next thing to consider is commute times to and from your job. Do you want to live on the same side of town you work on? Or are you ok with a longer commute time because you love the area and are willing to drive? Or maybe you work from home and commute isn’t an issue and we add a home office to your floor plan.
3. What’s important to your lifestyle? Do you love to golf? Then maybe a lot on a golf course is for you. Do you want a view? Look for lots in areas of town that provide that. Are running/walking or bike trails important? Even sidewalks can make or break a lot choice for some people. Do you prefer to live in a gated community or an up-and-coming neighborhood? Thinking about the answers to these questions will narrow down your choices.
4. Lot size. Is having a large, fenced yard important to you? Or would you rather have little yard care to manage? Do you have pets that need room to run or just a little dog that needs a small yard? Maybe a larger patio space to entertain is more your style and you’d rather not have to mow grass.

We encourage you to make a list of things you are unwilling to compromise on and a list of things you desire for your lot. This will save you time, frustration and instantly narrow down your choices to what will fit you and your needs!

When you’re ready to look at lots and discuss your new build, we are just a phone call away! 406-591-0221