Goldsborough Design Build

Of course you’d expect me—president of a remodeling firm—to encourage you to remodel. But here’s what you may not hear from others: Because of the “Great Recession,” it’s a buyers’ market for homeowners with ready-to-go design/build ideas. By acting now, before the economy heats back up, you’re bound to get more bang for your remodeling buck.

Here’s why: The economic downturn created an environment of fierce competition among remodeling firms in the Washington, D.C., Northern Virginia and Maryland region. More companies are bidding for fewer jobs, an environment that tends to lower the overall cost of jobs as firms sharpen their pencils to keep their workers busy.  

But this situation won’t last. As more federal stimulus dollars flow out—our area stands to get an extensive amount of infrastructure dollars—and as the economy grows, competition among remodeling firms will recede and prices will start to normalize or even go up. (In fact, Washington, D.C., tied for first with Seattle in a recent Wall Street Journal survey of the cities likely to thrive after the downturn.)

A prudent investment in a home remodeling project will almost always increase your home’s value or pay for itself when the house sells, as this article points out. So why not take advantage of this recessionary period to get even more value out of your design/build budget?

At the end of the day, you’ll have a lot to show for it.

Contact me any time to discuss your project ideas.