If you think that this isn’t the right time to remodel your house, experts say think again! Think about it, contractors are not busy so they are discounting jobs. The construction industry rebounded somewhat last year, however business is still slow. Remember when getting a contractor to call you back was a challenge?

Now the best pros in town will be happy to bid on your job — and they’ll probably offer you prices well below the norm. Another plus is that materials are down. Plywood is down 23% since its peak in the mid-2000s. Drywall is off 29%, framing lumber 35%.

Not all raw materials prices have fallen that much. Asphalt roofing, which is made from a petroleum byproduct, is down only 7% over the past two years. Insulation — which has been in high demand because of energy rebates and high fuel prices — is down a mere 2% since 2006. Still, on the whole, construction supplies are bargains right now.

Experts say as a whole, selling a home is still a challenge. And because moving remains far costlier than improving, remodeling is a good choice.

Experts say, if you can remodel your way into staying put long term, you can hold on to that once-in-a-lifetime rate. In a few years interest rates are predicted to be somewhere at six or seven percent. When it comes time to sell your place, chances are you’ll probably wind up having to do the sorely needed renovations you didn’t take care of earlier. Not only does that add a huge amount of stress to the process of putting your house on the market, but you still end up spending the money quite possibly when contractor, materials, and borrowing costs are higher. This is why experts say, this is the prefect time to remodel. Why not get the benefits of a new furnace or an updated bathroom for you and your family instead of buying them for the house’s next owners?