The housing market is in a slump, there is no denying that.  It is a buyers market!  The problem with buying an existing home, however, is that it might not actually fit the needs of the family that is thinking about buying it.  When this happens, having a house built on a lot makes a lot of sense.  New houses last longer than old houses! Having a custom home built means you don’t have to play that game where you make an offer and then the seller makes a counter offer, and then you counter their counter and then a contract is signed with contingencies.  If you think you would like to build a house on your lot, you can get Schumacher Homes Information on the Internet to look at floor plans and help you to figure out costs, and help you make some intelligent choices on the matter.