Robert Weston

That is a great question. Major remodels can be more costly that new construction it really depends on the stile of remodel etc. Many homes are on the market at below replacement costs. We are seeing more people choose to stay in there homes and remodel because it has been so expensive to build new and harder to sell their existing home. The other thing that I would look into is the cost of different products. I know that certain items that contain petroleum products have gone up and items that require high shipping or trucking cost like concrete etc. have gone up. I have heard however that wood prices are down. I guess I would need to know more about the circumstances and specifically what you are looking to remodel. As far as the Geneva area, it will continue to be an area that people want to live and invest. There are some more affordable homes and distressed properties in the area that might bring the price down in the short term, but there are also still many homes in the higher price range. If you look at the history of real estate in the Bellingham area, historically a home that was worth $600k today could potentially be worth twice that amount in a 10 to 20 year period. I hope this has been helpful. If you would like to ask me specific questions regarding your remodel or values, feel free to email me or call. - Wed Oct 8 2008, 10:24