Monday, September 24, 2018

5 Reasons It’s a Smart Time to Start a Remodeling Project

Not sure if it’s a smart choice to remodel your house in Ann Arbor?

Need to know more about tariffs and trade policies before you can decide if it’s a good time to remodel?

Waiting for a change in the market before you start a home improvement project?

Follow the news and you know there are new tariffs on imported products… a lot of them. But you may not have a good idea of how these new policies affect you. With prices going up on so many products, it might seem like a good time for a wait-and-see approach, but really the opposite is true! When you get good a look at the projected effects of tariffs, you’ll see that it’s a smart time to get started on your remodeling in Ann Arbor.

5 reasons why remodeling now is a smart choice.

  1. Tariffs: tariffs introduced by the current administration are already increasing the cost of materials necessary for construction and remodeling like steel, lumber, and aluminum. Prices will likely continue to go up and be passed to end-consumers like you. 
  2. More Tariffs: Americans are already responsible for new tariffs on billions of dollars of goods. But the current administration is considering even more tariffs which would likely affect the market and material costs for house remodeling in Ann Arbor. 
  3. Timeline Delays: with the cost of many imported materials going up, so goes demand on domestic products. It’s unlikely domestic sources will be able to keep up with demand, so eventually, the wait for materials will increase and the timeline for your project will be extended. 
  4. Borrowing Rates: if you’re planning on financing your house remodel, rates are still low compared to the past 10 years. With increasing costs and changes to the economy because of tariffs and trade policies, rates are likely to increase. 
  5. The rate of Construction: despite cost increases, construction projects continue at a steady rate which means it’s still a good environment to start your own project. Eventually, contractors will have to pass costs onto end-consumers, but you can still get ahead of that increase today! 

Get in touch with Alpha Design + Build today and get ahead of price increases. 

There’s no way to accurately predict the impact that tariffs and trade policies will have on construction and remodeling costs, but we know that we haven’t seen the full story yet. If you’re getting serious about a house remodeling project in Ann Arbor, it’s a smart time to make your move. Get in touch with Alpha Design + Build today to start planning your dream space.

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