Home improvement experts say families are looking to expand despite rising costs

LINCOLN, Neb. (Nebraska)—With spring upon us, Midwestern families are planning for future home improvements by visiting the Nebraska Builders Home and Garden Fair.

Guests entered the venue to talk with local industry experts about the best solutions for their expansions.

Homeowner Association president Lori Wellman said prices have gone up, but people are looking to branch out regardless.

“They’re building their houses because they’ve outgrown their home or because their family has gotten bigger,” she said.

Wellman said home interest rates have stabilized but were low before the shutdowns.

“Inflation has occurred, which is a natural thing that comes out of COVID,” he said.

But the price increase is affecting all levels of the process.

Jereme Montgomery, development manager at Stephens & Smith Construction Co., said supply and demand can be difficult to meet.

“I think a lot of subcontractors are mostly affected,” he said. “As contracts are signed, those costs are borne by the builder and ultimately the homeowner.”

Montgomery said Nebrascans are lucky that homeowner spending hasn’t been hit as hard as in other parts of the country.

“These are strange times, inflation doesn’t seem to affect people’s spending habits,” he said.

Experts at Saturday’s show said inflation is something to expect, but many said they weren’t afraid of the current rise in costs.

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