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Posted on 12/8/21 at 3:50 pm to BottomlandBrew
quote:
Labor and materials are going to be bigger issues than prices. Yeah, prices are high, but they aren't coming down.
They are high....but they will come down eventually...you're wrong on that
People said the same shite in 2007
If a recession hits and people quit buying shite....prices go down...or supply companies will lose their arse off even more
This post was edited on 12/8/21 at 3:52 pm
Posted on 12/8/21 at 3:54 pm to Helo
quote:
I signed a contract in March for a pool renovation that just finished tile this week and a front entry renovation with a custom door in May that still hasn't started because of material shortages.
My advice, sign as early as you can and expect 3-4x longer to complete so patience is required.
Couple neighbors are in the same boat as you, started a pool last spring and still not done yet.
I would go ahead get all the permits and plans done, get in line for material but tell the contractor to put the project on the back burner otherwise. That way you are not sitting with no windows waiting on them to come in for weeks
Posted on 12/8/21 at 4:09 pm to Slippy
Mostly depends what you're trying to do.
Labor is an issue for sure. Certain materials are impossible to get. Prices are inflated for some items but have come down for others.
Get multiple bids, don't pick the cheapest, ask hard questions.. if they aren't able to give you a detailed plan with timing and cost then it will likely be a headache the whole project. Some material delays will be out of the contractors control but they should be open about those upfront.
Labor is an issue for sure. Certain materials are impossible to get. Prices are inflated for some items but have come down for others.
Get multiple bids, don't pick the cheapest, ask hard questions.. if they aren't able to give you a detailed plan with timing and cost then it will likely be a headache the whole project. Some material delays will be out of the contractors control but they should be open about those upfront.
Posted on 12/8/21 at 4:21 pm to Slippy
Building a house right now. It’s a pain in the arse.
Posted on 12/8/21 at 4:31 pm to Slippy
Go for it. Last spring I started on a cashout refi. We had been in the house a dozen years or so, had a good bit of equity built up, and the housing market was booming. It also helped that a developer had cleared 40 acres across the street from us and at the time maybe 15-20 of the 40 or so houses were built and occupied. Everything high end, starting in the high 600s. Our property value had increased a ton, so the appraisal came back great, and we took out around $40k in cash for upgrades and repairs. First on the list was a new covered deck, screened in, an office for me, etc. I have a good friend in the materials business, and he told me I was stupid for doing anything with lumber at the time. The deck was finished last Halloween, and we've been enjoying it since then, and I got my office finished out around the start of the year so I've been working from home in silence from the family. Well worth it to go ahead and do what you want and start enjoying it. Had I waited 6 months, prices would have continued to climb, and I would have paid more, and been looking at an old deck that still needs replaced. Also our HVAC finally died last fall so it was nice to have the funds readily available to upgrade. That was on our short list of things to do with the cashout, but unfortunately it came sooner rather than later.
Posted on 12/8/21 at 5:28 pm to Helo
I’ve been waiting on windows for 6 months.
Posted on 12/8/21 at 7:24 pm to StringedInstruments
quote:Go to Apple brah.
I’ve been waiting on windows for 6 months.
Posted on 12/8/21 at 8:35 pm to Ignignot
quote:
People said the same shite in 2007
The 2008 recession didn't have an unprecedented global supply chain meltdown. It will be a while before supply catches up to demand. I'm usually one to say "this time isn't any different," but it is different.
Posted on 12/8/21 at 8:45 pm to Slippy
Can't predict future costs, but if you have the $$ and plan on staying at your home, go for it! Whatever makes you happy with your home!
Posted on 12/8/21 at 8:53 pm to TheDeathValley
quote:
Building a house right now. It’s a pain in the arse.
Baton Rouge area? What’s your cost per sq foot looking like?
Posted on 12/8/21 at 9:04 pm to BottomlandBrew
quote:
will be a while before supply catches up to demand.
Correct....that's if demand stays the same....this demand can't be sustained something will give...I think there will be a mini recession that triggers it
Just like you can't get someone going for a while...you give then cocaine and they go nuts and eventually they will crash...it's just a fact
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