With Lumber prices on the rise in an everchanging market, it is so important to know what you are getting into before diving into a rehab

“After a three-month lull that began in September, lumber prices have started rising again. This month lumber prices increased 20% to $650 per thousand board, according to data from Random Lengths and reported by the National Association of Home Builders.*

Lumber prices had steadily increased since the start of the pandemic through September. From April through August, lumber prices increased 110%, according to the NAHB. In September, lumber prices reached $950 per thousand board, an increase of 28.6%.* The pricing was an all-time high. However, the following month, prices fell to $550 per thousand board. Lumber pricing has had a significant impact on construction costs this year, adding thousands of dollars to a developer’s bottom line.” *

With Lumber prices on the rise in an everchanging market, it is so important to know what you are getting into before diving into a rehab. This is where we can help! Fast Track Turnkey Estimates App is the tool you need to help you navigate the pricing trends by providing you quick and close numbers! You’ll know what you’re getting into with each project you estimate. 

Turnkey Estimates is an estimating App was designed to help investors get accurate estimates faster. All you have to do is answer 57easy questions. The questions start with square footage, and from there, you will answer questions about the state of the walls, flooring, cabinets, plumbing, etc. 

Every question is based on what you can see or smell to make it user-friendly. We encourage you to walk the house as you answer the questions, but it is possible to use the app from pictures alone. New and seasoned investors find this app invaluable. It’s simple interface and powerful insights make it a must-have tool, so what are you waiting for? Download it today. 

Putting in an educated offer has never been easier. You don’t need someone to tell you if you’ve stumbled upon a great real estate deal. Empower yourself with Turnkey Estimates. With this tool at your fingertips, the only thing holding you back from real estate success is finding the time to visit all the properties. 

Contact Fast Track at (832) 742-9992 or www.fasttrackremodeling.com for more information on our Turnkey estimates app.  

Sources:
*Globe St.com article, By Kelsi Maree Borland Lumber Prices Are Up 20% in the Last Four Weeks, December 17th 2020
https://www.globest.com/2020/12/17/lumber-prices-are-up-20-in-the-last-four-weeks/?fbclid=IwAR2swQ20ndG_UQl80YYdogXM1ZQRA6d1J7utcTE8bnwW0SGxYDVY_H5Mv80

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