Home Remodel, not as easy as you think.

Are you and the family finally ready for that Petaluma home remodel that you have been talking about the last 10 years?  Well looks like you might have to pump the brakes a bit, everyone else locally is ready too.  A recent study found that most construction remodeling firms believe that the shortage of workers in our area will get worse this year while material and labor costs will increase.  The Petaluma real estate market has been hot, and with that hot market often comes buyers absorbing some of the issues that come along with an older home.  With 9 of 10 remodeling firms expressing an extreme shortage in Carpenters, it might take you a bit longer then expected to turn that Master bath into the Zen getaway you envisioned when you bought your home.  The other study I read said that 7 out of 10 firms will also pass along the increase in cost of materials and labor on to the customer.  This doesn’t mean you can’t make a remodel work, it just means it is going to make the pockets a little lighter when you do.  As a Petaluma Realtor over the last decade I have seen a wide array of home costs and remodel costs.  From the crash of 08′ to the all time high sales prices of 2018 and everything in between.  With homes prices at all time highs, it makes sense to go for that home expansion over the address upgrade, but look at the numbers and make sure it pencils out for you. 

Thanks for Reading 

Mike Ward | Petaluma Realtor