House flipping still offers opportunity

[thohome]

Jared I sure do appreicate your input and knowledge. Thanks for sharing all you know.

[JaredfromIndiana]

No problem!! I'm still relatively new in my career and learning every day (except for my days off). I will help anybody in anyway I can...

[tomtarrant]

Originally Posted by Lady Flipper

Drywalling is still an expensive proposition.

I am currently building from scratch and nearing the end phases, and drywalling was one of the more expensive items, both the material and the labor.

Overall, it's a great time to build or remodel. Both materials and labor are down, and good, qualified labor is much more available than in the past.

With all the pullbacks in New Construction, I forsee material prices coming down. New Starts are down 60% Nationally from what I am seeing on the news. Here in Texas New Starts are down 15% on top of about 30% last year. I just bought drywall for 8.99/sheet last week. I remember back in 05 in California it was over 13.00/sheet. Plywood and OSB have come down alot as well.

FYI...As far as labor goes, the subs here in San Antonio are getting 13.50/sheet to hang, tape&float and texture. I am talking about a pro new construction type job here, not handyman style. The right way to texture a whole house is not with a hopper, the pro's pull up with a trailer rig and long hose. This way you get a nice even texture consistency throughout that matches.

[flippinout]

Yep, prices on materials are coming down. So while prices are lower than they have been in quite a while we will buy the materials to finish several projects we have going on.

As to the texturing of walls and ceiling, that newer way of doing it would be more of an even finish. And a lot faster.

I have textured my ceilings here at home the old way and it took hours to do, not to mention a stiff neck and sore arm.