Rising Costs of Materials Could Lead to More Construction Defects
We wanted to share news greatly affecting new construction: rising costs of materials. The housing market across the country is crazy right now. It is a strong sellers’ market and buyers are having an extremely difficult time getting offers accepted.
One reason is that inventory for homes is down, which presents opportunity for developers to build new homes as fast as possible to take advantage of the market. However, developers are hesitant to build because the cost of materials iare at high levels they have never been before.
At our law Firm, we want property owners to be aware that these increase in costs could have a direct effect on construction defects in newly constructed homes and advise to do your due diligence in asking questions regarding these concerns with your contractor.
According to constructiondrive.com, contractors across the country are reacting to these shortages by lowering labor costs and shortening schedules. This could potentially lead to problems in a newly constructed home. What if a developer decides to use cheaper, less experienced labor? Suddenly those crews are installing the waterproofing around windows or performing a roofing install, expertise is critical when waterproofing is installed. A small misstep during this process can cause water intrusion and major resultant damage to drywall and ceilings.
If your developer “cuts corners” and you find yourself with a construction defect, do not wait to report it. You may be able to pursue and claim damages. To learn more about this topic, click our construction defect litigation page.
Our San Digeo Law Firm represents homeowner associations, high/mid-rise condominium and condominium conversion associations, single and multifamily residential homes and commercial property owners in construction defect litigation. Our construction defect law firm has over 37 years of experience handling significant construction cases with complex issues.
If you need more information on construction defects, visit our construction defect litigation page. To contact us, call 844-492-7474 or visit our San Diego construction defect contact page.