I don't think that there has been a better time to build. Due to current economic conditions the housing markets are suffering. The good news for consumers here is that Contractors are willing to take on projects at significantly lower rates to keep business going. We have seen many subcontractor's discount their prices in an effort to get work just to pay their employees and overhead.
However, Don't expect a Contractor to work for nothing. State insurance requirements, trucks, fuel, licensing, professional affiliations and other overhead costs translate to a typical cost of doing business of around 8% to 10%. Contractor's General Liability Insurance rates are based on gross cost of work completed - not just Contractor's Fees billed. This alone is a significant expense.
Further, Contractors are, by law, responsible for the structure for 9 years now so don't expect anyone to give away their services.
If you are going to go for it, don't forget to implement as many Green features that you can fit into your budget. At the end of the day, Greening your home will save you money on energy costs and provide a healthier living environment.
Think about the future. If you were looking to buy or rent a house, would you rather live in an energy efficient house that provides a healthy living environment or a regular old house? It won't be long before a house that is not Green will be considered obsolete or at best, a house that requires serious updating.
Friday, November 7, 2008
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