Decline in Real Estate

[Kapohocat]

yes John you are right in saying good companies stay in business during bad times but they do make adjustments in what they do and look for ways to diversify... or looks at what owners need now that they have built a house.

I think what has happened in "bad" construction times is that there were many owners using the lull to get really low bids. That is all well and good... but remember good and fast does not equal good fast and cheap. Cheap and fast does not always equal good. My SO hasnt changed his bidding/rate from the beginning except to adjust for fuel/material cost increases. He didnt raise it because people would pay more. The crews that did that will be hurt more because people remember that.

So he plans to stay close to his rate and maybe do fewer jobs and maintain quality and integrity. At this point, he is looking somewhat forward to 5 days a week of work rather than 7 days...

For myself, I am adding a certified home inspector to my crew. Broadens what we can do but stays in the same field, and addresses the "next step" market.

Catherine Dumond
Blue Water Project Management
808 217-7578
http://bluewaterpm.125mb.com/index.html
"We help make building your dream home a reality"