After hurricane Katrina and the widespread devastation that followed  the price for construction materials went way up and many items were hard to come by - which is when we experienced that Chinese Drywall epidemic! With Texas and Florida now hard hit with hurricane Harvey and Irma, what can the rest of us expect?  It seemed that our roofing prices had finally come back down recently - not as low as before Katrina but certainly not as high in the years after that.  

One of my clients who has been looking at building a new house in Texas received an email from a builder - BEFORE Irma hit Florida - concerning this very topic.   His plan was to quickly stock up on lumber, roofing materials, drywall, etc. as much as possible so that he could hold his prices where he had quoted them.  But another concern was the labor force since so many people were affected in his area he wondered if would still be able to get the crews he needed to build.  We have faced that in our area since the flood of 2016.

My takeaway is this:  If you are planning to do some work on your house, go ahead and stock up on the items you will need as much as is reasonable.  And for many of you, you may wish to rethink buying new construction and look at resale homes that are just a few years old that you could update to make your own and it may end up being the less expensive way to go.  Of course, buying a house is a very emotional experience and the house you select should be the one that works best for you.  However, if the cost of materials soar, then you need to be thinking of other options that may give you the same result you are looking for.  

The Pat Wattam Team, as always, is here to help you logically think through the process to make the right financial decision.  Call on us any time for a FREE consultation!  225-298-6900!