California home-repair costs have surged by 40% over the past five years, driven by rising construction wages and the increased cost of materials. This jump is part of a broader trend of inflation in the state’s housing market, with home values also rising sharply. Nationally, repairs are 40% costlier since 2019 and increased 15% the previous five years. Read More
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Disaster Survivors Face These Roadblocks to Rebuild Safer, More Sustainable Homes
Pricey sustainable rebuilds, insurance hesitancy, and a thinly stretched Federal Emergency budget are just some of the roadblocks survivors face when rebuilding their homes after a disaster. Read more
Read MoreFour Practical Ways to Reduce Construction Costs Without Hurting Quality
“Managing costs without compromising on quality is a primary concern for contractors. Effective construction cost management involves strategic planning, accurate estimation and efficient billing processes. By implementing these practical strategies, contractors can optimize their resources, enhance project efficiency and maintain high standards of quality.” Read more
Read MoreMost Homeowners Over Budget on Remodels, Report Finds
According to research from Clever Real Estate, a St. Louis-based real estate company, 2/3 of homeowners who embarked on a home remodeling project have fallen into debt. While some went over budget by $5,000, many more experienced unforeseen challenges, resulting in halted projects and mid-project layoffs. Still, 93% of homeowners say they plan to pursue a major renovation in the future, though more than half may undertake DIY projects to save money. Read more
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