Remodel a home in a shaky market?

Written By: Kathy Price-Robinson - Nov• 05•09

Framing093The troubled housing market isn’t just hurting homeowners who want to sell, it’s torpedoing incomes for builders and remodelers as well.

As a result, contractors have cut bids by 20% in many parts of the country, according to a survey by The Wall Street Journal, which adds that many contractors are willing to take on small or otherwise unappealing jobs they’d have turned down a few years ago.

So maybe this is a good time to redo the kitchen or bath, build a deck or finish a basement.

But does it make sense to put money into a home when the housing market is so shaky?

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One Comment

  1. Kathlene says:

    Excellent article, thanks for sharing it!

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