Transcript: Price Improvement for Home Improvement
Anchor Intro: The housing crisis in America seems to be a losing proposition for everyone from to the biggest bank to the smallest homeowner. But there is a group of people who are benefiting, and it might include you.
Voice-over 1: If you've been shopping for groceries
lately, you know that when it comes to staples like milk and bread,
prices are through the roof.
Voice-over 2: But when it comes to pricing
a roof, the story is entirely different. And much happier for homeowners.
SOT: "If you need a roof it's a good time." "We're basically trying to keep our guys busy right now through the rough time that we're in."
Voice-over 3: The reason for lower labor is
no mystery: Fewer houses are being built and fewer homeowners are
making improvements. So contractors are having to sharpen the pencil
to stay busy.
SOT: "We are making less profit to keep
the guys in a paycheck."
Voice-over 4: And profits aren't the only thing
shrinking; so is hassle. Depending on where you live, you'll wait
less for a permit, and get your project done faster as well.
Voice-over 5: And as for materials? Lumber
prices are down, although concrete, steel, asphalt and other petroleum-based
materials are up. However, in at least some cases, contractors are
eating higher costs to win bids and keep working.
Standup: So if you're thinking of doing a little
fixing up, now may be a good time. But remember: Always use a licensed
contractor, always get at least three bids...always check references.
Only then are you ready to hammer out your best deal. For Bankrate.com,
I'm Kristin Arnold.