Prepare For The Next Market Crash

No one expected the 2008 real estate market crash, except for a few calculated and determined real estate developers like David Partiel. To prepare for the next market crash is to understand what happened during the last crash and how homeowners can be better prepared for what is going to happen next. In 2007-2008, the real estate lending market had come to an absolute halt. Major banks over funded on bad loans that most people could not afford and when the job market started to crumble, real estate took a big hit.

What to expect in 2022-2023 for Housing and Remodeling Industry

David Partiel predicts that sometime in 2022-2023 the housing market will crash just like it happened in 2008 and government wont be able to help homeowners. Since David and his team of remodeling contractors understand the housing and development markets, they are the best to advise on what to do about the market crashes and how to better protect homeowners during bad economic times. 

Remodeling Only The Necessities 

Foundation retrofitting and bolting for homeowners on hillside properties is a project that everyone should consider doing regardless of good or bad economic times. What is more important to understand is financing these projects will start to fade as economy gets worse and worse. Furthermore, projects that add maximum value are projects that cover all aspects of your home life. Some of the big projects that funding tends to run out are water damage restoration for kitchens and bathrooms, adding a guest bathroom or even expanding your kitchen are also great projects to consider.

Like most home improvement projects that were considered in 2007-2008, homeowners that had foundation related damages could not get the funding they needed to repair the home. What happened next was most soul crushing. Many homeowners lost their properties to the banks as foreclosed homes. This was bad times for everyone including contractors, homeowners and realtors.

The more you prepare for bad economic times, the better your options will be when economic slowdown occurs. Projects that add the most value are room additions, garage conversion, flooring, roofing and kitchen remodeling. Compare costs to see if you qualify for your home improvement project today.

Another economy proof project to consider is ADU/ Garage Conversion in Los Angeles, CA. When economic times are hard, many homeowners lose their jobs and their source of income. When you build an Accessory dwelling unit, or ADU you can simply rent it out for additional income when economic times are bad. This is one of the best ways of dealing with the economic hardships that will present itself in the next 18 - 24 months.

Free Remodeling Estimate With Our Real Estate Developers

Schedule a free estimate with David Partiel and Inner City Skyline for best prices on room additions, garage conversion and ADU projects near your home in Southern California. David ensures you get maximum value with your project.