SoCal Construction Cost Impacts

[Geo Cruz]

For all those taking on extensive value add projects, keep in mind the recent material price increases when figuring numbers.

Because of limited supply due to Covid and fires here in SoCal, lumber has been climbing and it’s at it’s all time high, up by 75% since Spring. Concrete will be up 6-8% through end of the year possibly until Spring of 2021.

Be conservative with your renovation numbers and feel free to reach out if you would like any input on particular costs.