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Colliding Factors Lead to a Construction Rehab Boom

March 21, 2022 By David Wolfe

The current real estate resale market is experiencing low inventory and homeowners are increasingly deciding to stay put and focus on home improvement projects. Unless they decide to sell their home fast for cash to a company like Prime Deals. After factoring in the cost, stress, and disruption associated with moving, home owners are finding more value in improving their current space by building an addition, finishing a basement or creating an outdoor experience.   Additionally, the current cost of borrowing money is low, which makes the finances of home projects favorable.   A home owner can cash out of their house or use a 2nd mortgage to finance the project.  Another factor at play in the rehab boom is the lack of travel due to the pandemic.  Consumer dollars earmarked for travel are now being used for home projects like installing a new deck or building a home office over the garage.   Finally, stimulus money made available during the pandemic has also made projects feasible, as many households received unexpected funds from the federal government that can be used for home projects.  The current rehab boom is not without obstacles, as the cost of materials has risen and the supply chain continues to face shortages and disruptions.  This has led to increased overall costs and longer project timelines. These colliding factors are creating hurdles but homeowners continue to show a desire to spend money on large- and small-scale home improvement projects.

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Quality 3-car detached garage built on a gorgeous Quality 3-car detached garage built on a gorgeous property in Lititz. Thank you for trusting PHC with another project!

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Kitchen transformation... After knocking down the Kitchen transformation... After knocking down the wall dividing the kitchen and dining room, we installed a beam to completely open up the space. We installed beautiful custom kitchen and island cabinets, along with new flooring throughout the first floor.

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Another front porch project in Lititz... it's amaz Another front porch project in Lititz... it's amazing what a new front porch can do to the curbside appeal! 
After we removed the front brick stoop, the customer decided to go with a pressure treated deck boards, Superior white vinyl railing/posts, along with new CertainTeed Mainstreet vinyl siding and GAF Timberline HD arch shingles.

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We were a little late getting final pictures befor We were a little late getting final pictures before it was back to being "lived in" again, but that is why we do what we do. We want to work with our customers and try make the construction process as seamless as possible, from the initial demo to the final finish out steps.
Let us come along side of you and help you with whatever interior or exterior project you can dream up!

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Some exterior and interior progress pictures from Some exterior and interior progress pictures from an addition we are building over in Ephrata. Just need the porch posts and a good pressure wash to complete the exterior, and some finishing touches on the interior, including the granite hearth, wood stove, trim and paint. Can't wait to see the final product!

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