Embarking on a renovation or new construction project can be daunting even when costs are predictable.
Uncertain times call for smart strategies. According to Ryan Graham of Graham Builders,the design-build approach can help homeowners get the most out of their budgets, even when accurate cost estimation seems like a constantly moving target. And for several reasons, there’s never going to be a better time to launch your project.
“Tariffs are being used as a bargaining tool, and while they’re supposed to help us in the long run, the truth is we’re stuck in limbo right now,” says Graham, vice-president of operations
of the award-winning design-build firm. “We’re likely going to see them roll out at some point, but no one knows exactly when — or how hard we’ll get hit.”
Because the Aloha State must import between 80 and 90% of its building materials, he adds, Hawaii homeowners and builders will inevitably feel the impact of any tariffs that are implemented. “Tariffs can be imposed almost overnight. There’s no warning, and by the time costs rise, it’s too late to avoid them.”
He who hesitates… pays more.
However, whether tariffs are implemented or not, it’s still a good idea to move forward, even now. “The longer a project is delayed, the more expensive it becomes,” Graham says.
“Even if tariffs don’t kick in right away, the reality is that costs always go up over time — whether because of materials, labor, shipping, or permitting delays. Waiting almost always means it’s going to cost more later.”
Simply put, construction costs never go down. Material prices, labor rates, and even the costs associated with implementing code requirements – building standards for safety, health — continue to rise year after year, Graham points out.
“Getting started today means we can lock in pricing, secure materials early, and budget for cost overruns, which allows time to adjust if tariffs are suddenly introduced,” he says.
Informed decisions for better results
Each month, Graham Builders hosts a free informational seminar for people who are thinking about building new homes or renovating their existing homes.
“There’s no pressure or big sales pitch; we simply try to provide useful information,” Graham says. “It’s the best way for homeowners to learn how to protect themselves, plan smart, and get the most out of their budgets when costs seem so unpredictable. They’re able to make informed decisions for better results.”
Founded in 1990, Graham Builders remains the only contractor in Hawaii honored by the Better Business Bureau’s Torch Award for Business Ethics. You’re cordially invited to attend Graham Builders’ FREE “Building Your Home for Life” seminar on July 12, from 9-11 a.m. Register at grahambuilders.com or call 808/593-2808.