Over the last two weeks we’ve had several contractors come to our place to give us quotes about various projects that we knew we’ve wanted to do, but thanks to inflation/supply chain and insane demand for home remodeling in our areas, the sticker price has been truly shocking for us. I dont know if a hit to economy is going to get down the costs next year, but if the real estate drop of 10-15% holds true, it would actually be cheaper to just buy another house and move than invest that much $$$ in home improvement. Yes, even considering an initial 10% phatka you may have if you sell your current home, it will still work out better long term.
No, not that we are planning on buying another home lol, but it certainly has dampened our desire to remodel our current house based on sticker price. i am hoping the economy will correct their prices too.