Supcoffconstructionlaw's Weblog

Time to Renovate?

Here is a positive effect of the current economic slowdown:  many home improvement contractors have more time to take on new projects and can be expected to be very competitive in pricing new jobs.  In addition, with oil prices plummeting in recent weeks, prices for material supplies that depend on oil for fabrication and delivery are expected to drop.   So now may be a good time to schedule a new roof project or build a new deck that you have been thinking about for a while.  Of course, the financial crisis has made it more difficult (but not impossible) to obtain a new loan such as a home equity line of credit to finance the renovation project.  If you are ready to take on a construction project, you still need to do due diligence and I recommend you obtain multiple contractor bids before proceeding.  My firm can review your contract before you proceed and make sure your legal rights are adequately protected before construction begins!