Monday, January 19, 2009

Custom Remodeling Design Services

I am constantly asked, how much will it cost to remodel my..... INSERT PROJECT HERE........ A lot of our projects consist of a bathroom or a kitchen remodel and I wish it were simpler to accurately price projects. But the fact is, that no single project we do is ever the same. Unless we know the exact scope of work to be completed, as well as all of the changes that our customers make during the process of the project, it is next to impossible to price something without under or over estimating something.

To help our clients better determine the scope of their project, we are now offering custom design services. Utilizing the latest in computer aided drafting tools, we can build the space in a virtual world, allowing the homeowner to see what the finished product will look like. Down to the outside views, the light fixtures and even exact paint colors we can get a complete understanding of the scope of the project, thus allowing us to accurately price the project.
Here are some camera captures of a design we built in the computer for a client in Carefree.







If you are in the market for a new kitchen, bath or addition project, please call or email our offices and schedule an appointment to discuss us helping you with your design! 480-488-5042 gsmith@gwcustomhomes.com

Monday, January 12, 2009

Goodbye 2008! 2009 Outlook

Happy New Year! Another year passed us by and what a year it was. With the melt down of the credit market the residential building and remodeling world has changed. Many projects that homeowners had anticipated starting last year were either canceled or put on hold until the sky's clear. It is my belief that the next three quarters will continue to be very challenging times in the construction industry. Until the credit markets free-up and the excess supply of housing stock works through our market, we will not see any kind of sustainable recovery.

New construction permits are at an all time low in Maricopa County, which will help with the over all supply. Unfortunately most of the recent sales are REO properties and the stock of REO properties continues to grow. The banks need to get realistic about pricing. Homeowners who do need to sell their homes now, need to price for today's market, not 2006. If you don't need to sell now you shouldn't have your house on the market. Many of the homes for sale could not be built for what they are selling for which is a great value to potential buyers. That being said, I would caution any buyer of a custom home that was built in the last two - three years. Many were very poorly executed by inexperienced "builders" who may not be around any longer.

Looking forward, I see the next quarter being on the slow side. We are working on a few small remodeling projects ranging from building custom doors and cabinets for houses in Carefree and Scottsdale to a new project in Desert Mountain consisting of a major remodel on the kitchen and two bathrooms. We have been in talks on projects that we expect to start this spring including a new luxury kitchen remodel in Carefree, a new custom home in Carefree on Black Mountain and a twenty thousand square foot office building in Scottsdale.

We are actively looking for other remodeling companies to acquire in this market, allowing us to build a larger and stronger organization and utilize our economies of scale, ultimately giving our clients the most value for their dollar. By the end of 2010, I am predicting that we will be in a stable market (with much higher inflation) and our Remodeling Division will be one of the largest (in terms of revenue) in the Valley.

Keep a positive attitude and this too shall pass!