Tuesday, October 24, 2006

Contractors More Available

Here's an interesting article from the WSJ about remodeling contractors being more approachable lately. Particularly note the sentence about builders moving to remodeling.
These are NOT your best remodelers!
They are accustomed to being in CONTROL and not with dealing with homeowners who are living on THEIR jobsite.
Peggy

"Finally, the Contractor Will Take Your Calls"
Wall Street Journal (10/12/06) P. D1;
Munoz, Sara Schaefer

The slowdown in housing construction will benefit homeowners interested in remodeling, as contractors now have plenty of time to take on new projects.
"Rather than saying 'call me next spring,' they'll be more likely to say 'I'll be over this week to talk about the project," says Harvard University's Joint Center for Housing Studies senior research fellow Kermit Baker.

The drop in new-home building also has sparked declines in the prices of such materials as framing lumber, gypsum, and plastics, shaving anywhere from 5 percent to 10 percent off renovation costs, according to economists.
In an effort to generate business, custom and speculative builders increasingly are doing remodels, with experts underscoring the importance of hiring a contractor with actual remodeling experience.

In addition, experts are urging homeowners to put off renovations if they plan on moving in the near future, as they will not be able to recoup as much of their investment as they would have during the housing boom.