Thursday, November 29, 2007

Time to Renovate

There is a silver lining to the housing crisis. Contractors are being more realistic about your home improvement projects.

For a while now, I have been looking to get a room in our attic finished. The room is about 20 by 16 in size, and does not require anything fancy; no bath, upgraded features, or anything very expensive. About a year ago, I put the project out for bid and most of the contractors did not even call back. The contractors that did respond provided outrageous quotes and did not even seem to be reliable.

Fast forward the clock to today, I recently started to explore this project again. The return calls are much quicker and the price estimates down more than 30% from the outrageous expectations from a year ago.

This phenomenon appears to be common and nationwide. It appears the time is now to get moving on that home renovation project which your spouse yearns for.

The Upside to the Downturn
Contractors Return Calls, Materials Cost Less; Mr. Bowes's Half-Price Renovation
http://finance.yahoo.com/real-estate/article/103942/The-Upside-to-the-Downturn

1 comments:

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