Some interesting takeaways from the graphic above.

• The final sales price grew by a whopping 17.2% from 2014 to 2015. “Good deals” are getting harder to find.
• Costs are going up.

I think the costs of rehab are rising because contractors are busier. They are having to pay their employees more to retain them. Some contractors are experiencing a shortage of labor.

As equity in housing increases, expect to see more owners renovate their homes. This will keep upward pressure on construction costs.

If you have questions about investing in real estate, please feel free to reach out to me via phone or email.

Alameda Investment Properties

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Contra Costa Investment Properties

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