What to Expect: Building and Remodeling in 2023

When difficulty arises during your building process, remaining patient and positive will keep you grounded; plus, we're here for you! Try and remember; it's just a house, so keep an unemotional attitude towards it until it becomes yours. Building a home is an investment and should be considered a long-term financial decision. So keep your spirits up (no matter how complicated the process is) by remaining positive!

 

Timelines

Building a home in 2023 may take longer due to current trade shortages and the Oklahoma weather. The weather in Oklahoma impacts your build far more than you know. Oklahoma weather is most likely a part of the equation if you're behind on your timeline. Trust me; your builder never tries to delay your build. They want it completed as safely as possible. Being behind on timelines gains the builder nothing; it could even cost them. With careful planning and a little patience, you can create your dream home in 2023. When it comes to remodeling, having an organized timeline is critical! Most hang-ups you will face when remodeling is due to the current lead times on the market. We are here to help you source items that best fit your timeline.

 

Trade Shortages

Trade shortages mean that there is more demand for a particular product or service than there is available supply. Deficiencies can lead to higher prices, longer wait times, and other impacts. As you can imagine, this can significantly affect building and remodeling timelines. Therefore, it is essential to be aware of any potential issues that could affect the availability of materials or labor. To do this, have a plan in place in case of any delays. Regularly communicating with your builder/contractor and designer is always helpful to ensure potential issues are addressed. It's more important now than ever to find a reputable builder with established relationships that you trust.

 

Cost

The cost of building materials and labor has indeed increased but is stabilizing. Keep in mind that there are still ways to remain cost-effective while building your project. Investing in quality materials will often save you money in the long run. They last longer and require fewer repairs over time. Double-check your bid and cost to ensure they align with reality. After double-checking your project, you may sacrifice some of your design choices or selections. Remember to have your expectations and focus on the reality of what things cost. Remodels can have many sudden changes, so financially preparing for overages is always a good idea. Still, your builder/contractor and designer want to stay as close to the budget as possible, I promise!

 

Key Takeaway

We want you to get the most out of building or remodeling your dream home in 2023. Staying patient and positive is critical during this process. We are here for you and would love to help you create your dream home.

Micah & CoComment