People tend to think of spring & summer as the time of year for home improvement projects.
But if you want a great deal on a trip to Disney, do you go in the summer when the kids are out of school?
Or, do you wait until September when you can find short lines and deals on hotel rooms?
The same thought process applies when it comes to home improvements, ESPECIALLY if you’re using a contractor.
Here are 3 great reasons to start on your home improvement project now instead of waiting until spring or summer:
Reason #1 – Contractors are More Available
Contractors are SUPER busy during the spring & summer months, but not nearly as busy this time of the year.
Don’t believe me?
Try getting an AC contractor to your house for a same day visit in July!
But if you try calling now, chances are you’ll find someone readily available to take your call.
Major home improvement franchises like Five Star Painting & Chem Dry report that call volume and lead times go down considerably during the winter months.
Reason #2 – You May Be Able to Save Money
Contractors become more motivated to price work aggressively to stay busy during their slow periods.
Also, if you’re able to get your supplies during this time of year, you may be able to save money on holiday deals through big box retailers.
And remember, home improvements generally improve the resale value of your home and can save you money on your power bills if you make energy-efficient changes such as insulation, caulking or sealing doors or windows.
Reason #3 – It’s a Great Time to Borrow Money
Most studies show that the average home improvement project goes over expected budget by 20%!
Depending on how you planned on paying for your project, this might be a non-issue, or it might be a potential deal breaker!
The good news is, interest rates continue to remain low on mortgage loans, HELOCs & 2nd mortgages. And, the projection into 2020 is for rates to remain low.
Please get in touch with us today for a quick review of your current mortgage rate & terms to find out what options might be available to you for home improvement.