In The News
“Roofs are expensive. Prices vary according to the house, but homeowners can spend between $10,000 and $15,000 for a new one,” said Gregory Kyler, the co-owner of Property People in Chicago, who has more than 20 years of experience as a custom builder and licensed general contractor. “While some last 30 years, others may only be around for about 15. Unless you know the exact age of the roof when you first moved in, I recommend putting aside money specifically for a new roof. As roofs get older and more brittle, they blow off and leave space for water to access the house. And that’s a whole other road you do not want to go down.”.
“This living room is huge, which is great. But that can also lead to random pieces of furniture being scattered all over the place, which, in turn, can make the room feel smaller than it is,” says Jennie Berger, licensed contractor, experienced house flipper, and co-founder of Property People in Chicago. “Creating two distinct zones with their own setup, lighting, and area rugs—a formal sitting and dining area—maximizes the space and gives each section a specific purpose.”.
“Single exterior paint colors are being replaced with eye-catching combinations of multiple shades. “We’ve noticed [that while many existing] homeowners don’t take much risk with exterior design, new buyers absolutely adore the juxtaposition of colors,” Jennie Berger and Gregory Kyler — residential developers, general contractors, and co-owners of Property People — tell Hunker. “Developers and designers are using a combination of dark and light colors to give [houses] more dimension and pop.”.
“Berger agrees. She believes that labor shortages, “…resulted in contractors being able to charge more money for their services. Many also included escalation clauses and higher-than-normal project markups in their estimates just to protect themselves in case material prices continued to rise.”.
“The cost of lumber is likely to remain high, so consider alternate, lower-cost materials for your pool deck. Gregory Kyler, licensed general contractor and cofounder of Property People, LLC, suggests using treated wood. Treated lumber is the most common material and more cost-effective versus composite or cedar deck boards, which last longer,” he says.”
“In the beginning when you’re starting out, you’re going to be actively involved in the day-to-day operations, and going back and forth between your home and the site multiple times a day, at least,” says Jennie Berger, co-owner of Property People, which rehabs distressed houses in Chicago for resale. “The last thing you want is to be running around town — or on the highway for miles and miles and hours each day — to get to your jobsite. Having a project close to home (say, within a 30-minute drive or so) will make your life a whole lot easier.”.
“In Chicago, the streets are narrow and some places densely populated with rentals, so if you have a single family home without a garage, then you don’t have a place to park,” say Berger and Kyler. “Adding a garage would definitely add to your resale value.”.
“Not every project is a DIY—so if you’re looking to do major upgrades or are in the middle of one with a contractor, you might want to see if you can re-negotiate the cost of materials. Gregory Kyler, a Chicago-based licensed general contractor, says that he and his team re-priced construction on a new home that ended up being 15% less than it was a month ago.”
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