Text: "why building costs are rising in 2021"

Why Building Costs Are Rising in 2021

It’s true that building costs have gone up over the last year and are continuing to rise. If there’s one thing real estate and construction experts agree on, it’s that no one can predict if and when prices will return to pre-2020 levels.  If you’re a homeowner who’s been waiting for construction costs to fall before starting a remodeling project, take a moment to understand the current market and discover why it may pay off to get started on your project sooner rather than later.  Why are costs going up? There are many factors that contribute to the price of building materials, all of which stem from two fundamental economic concepts: supply and demand. When the pandemic hit last spring, it threw previously efficient national and global supply chains into chaos. Production in the mills and factories that supplied the construction industry with everything from lumber to light fixtures ground to a halt as staff stayed home. Similarly, the logistics companies that delivered products to wholesalers and retailers slowed or stopped their operations. The construction industry has been dealing with the fallout ever since. Add to this the current labor shortage and rising labor costs, and the supply of construction...
3 Remodels That Increase Your Home's Value - Houselift

3 Remodels That Increase Your Home’s Value

Additional time spent indoors has inspired a spike in home buying and home remodeling this year. It seems that an enjoyable, comfortable atmosphere within our own walls is more important than ever. Home remodeling can blend the old with the new and introduce a sense of newness and luxury. Simple basement renovations or bathroom remodels can upgrade your lifestyle. However, in addition to luxury and enjoyment, home remodels bring actual resale value to your home. Whether you plan on selling now or in years to come, here are a few remodels that increase your home’s value. 1. Kitchen The kitchen is probably one of the rooms in your home that gets the most use. As a result, it can be the first to look aged or outdated. For a kitchen remodel to add value to your home, you don’t have to rip out the studs and start from scratch. In fact, it helps if your home remodeling contractors incorporate the classic details of your kitchen into a fresh design. Changes like updating the countertops, adding counter space, and replacing the flooring make your kitchen look newer and more attractive to potential buyers. Good contractors and designers can make your kitchen...