As the COVID-19 pandemic proves itself unpredictable, people all over the world stuck at home, some working, some not; one of the questions impacting real estate is will the COVID-19 virus impact home renovations. While some businesses thrive in this environment others go out of business. In the midst of all of this craziness, people are left wondering what businesses and jobs will survive. Benefiting from a robust economy prior to the advent of the corona virus in these United States of America, the home renovation business appears most susceptible.
The COVID-19 pandemic is impacting the entire world and as people are forced to stay home, the home renovation industry may be taking a hit as people have various questions about whether or not home renovations are a good idea during this global pandemic. This post will answer some of your home renovation questions having to do with the COVID-19 pandemic.
Answers to All of Your COVID-19 and Home Renovation Questions
A roofing contractor in Voorhees pointed out that homeowners that had plans or scheduled appointments to get home renovations done should carry them out. He added that not only will this allow for home renovation companies to stay in businesses, but it will also benefit the homeowners. If a homeowner has a looming home renovation that needs to be done, putting it off could allow for the problem to get worse or scheduling it will become harder as the COVID-19 pandemic has no end date. I happen to agree with this strategy assuming that executing on this doesn’t put you in a financial hole; here’s why… If your renovation is motivated from the basis of something breaking down in your home, remember, it will only get worse with time. Defects don’t heal themselves – they only become more expensive.
Whether you are a homeowner that needs a new roof, a new deck, repairs to your siding, or any other home renovation, there are a lot of things to consider in regards to the COVID-19 virus. Here are some answers to some of the questions you may have during this trying time.
Should I Put off my Home Renovations?
If you already have an appointment to get a home renovation completed, the answer is probably no. As the roofing contractor pointed out, there is no end date to the COVID-19 lockdown so scheduling a home renovation may become increasingly difficult over the next few weeks/months. If you do not have a home renovation scheduled but still need a renovation done, you may have slightly more wiggle room.
If you have lost your job or money due to the COVID-19 pandemic, putting off your home renovation may be your only option. However, if your home renovation is urgent one should do what they can to get the renovation done so that it doesn’t get worse over time; if money is an issue, one should talk to his or her contractor to see if there are payment plans available.
Is it Safe For Home Renovation Employees to Come to My Home?
Home renovation companies have set standards and rules in place that enforce strict sanitation standards in order to make it safe for home renovation employees to come to your home. Of course, as social distancing is one of the best ways to stay healthy and safe during the COVID-19 pandemic, it’s best to not have anyone that doesn’t live in your house over. However, most home renovation workers will be working outside and you will not need to get closer than 6-10 feet to them; so if your home renovation is imperative, your safety goals will still be met.
It’s up to you to make the decision of whether or not you want to have a home renovation employee over your house, but overall, as long as he or she is outside and far apart from you, home renovation employees coming to work should not be an issue.
The National Association of Home Builders published this article on Jobsite Safety that you should probably review prior to interviewing contractors [One of the most ethical general contractors I’ve met over my 40 years in the real estate business is Greg Abramowitz. Feel welcome to contact him with your questions about how will the covid-19 virus impact home renovations]
Will DIY Projects Impact Home Renovation Businesses?
As people are stuck inside during this global pandemic, they are starting to turn to DIY projects to not only to make home improvements themselves but to also keep busy. DIY projects should most likely not impact the home renovation industry business during the COVID-19 pandemic. Most DIY projects are on the smaller renovation scale, meaning they include projects such as re-doing a backsplash, or building a small deck; big projects, like replacing siding, is typically a job that most people can not do themselves.
Not only will people not be able to do large home renovation projects on their own because of a lack of skill, but they also will not be able to get the right tools, equipment, and products that a home renovation team has. Home renovation companies should not worry about DIY projects impacting business; the main thing that will impact business is people’s financial situations.
How Will I Pay for my Home Renovation?
Home renovation projects are costly, and depending on how the COVID-19 virus impacted your finances, you may be thinking about how you are going to pay for your renovation. During these uncertain times, home renovation companies understand that people may be struggling financially so they will offer payment plans. Or, you may be able to get a home equity loan. Home renovation services want to stay in business so will likely be flexible when it comes to methods of payment for your home renovation.
Most importantly, don’t forget to employ strong negotiating strategies before signing a contract
Home Renovations During a Global Pandemic
If you are in need of a home renovation during this global pandemic, think about the pros and cons of your renovation and decide whether or not you want to have it completed. Make sure to think about urgency, payment, and the right safety precautions. However, the most important thing to keep in mind right now is your own health and safety, make it a point to do all that you can to keep yourself and your family safe from COVID-19.
About the Author
Jennifer Bell is a freelance writer, blogger, dog-enthusiast and avid beach goer operating out of Southern New Jersey. Jennifer’s profile on LinkedIn. I frequently and happily host her insightful articles on my site.
If you’d like to set up a zoom video conference from which at the leisure of your home, you can see my computer screen, ask real estate questions etc, text me at 424-361-0005 and I’d be happy to share the benefit of my near 40 years in the business. I’m like that Farmers Insurance commercial, “…we know a thing or two because we’ve seen a thing or two…” Want more information on our Virtual Home Buying Program?
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