Homeowners planning renovations may need to brace for higher costs as a new tariff regime is expected to drive up the prices of essential materials. Items commonly used in remodeling and construction projects will likely see significant price hikes, impacting a broad range of renovation efforts.
The decision to impose new tariffs follows broader policy changes targeting imports, many of which include critical building supplies. As a result, contractors are warning that labor and material costs could surge, leading to more expensive project quotes and extended timelines.
Experts recommend that homeowners considering renovations should plan accordingly by locking in prices where possible and discussing potential cost increases with contractors ahead of time. As the full impact of the tariffs becomes clearer, many fear both small and large renovation projects could face financial challenges.
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