3. Factory's under-capacity operation enables them to improve quality control
and cut production time.
When a factory have significantly less orders than their capacity, they don't
have to rush production process. This is in fact a great advantage for consumers
in term of workmanship and quality control. We have noticed, comparing to the
situation in the great expansion period, the factories in China in general
have to a large extent improved their production quality and accuracy.
There is another obvious advantage that the current weak demand can bring to
the consumers, i.e., shorter lead time for producing your orders. In the past,
it would typically take a factory 6 to 8 weeks to carve a marble fireplace,
which can now be cut to 4 weeks in average.
4. Weak economy and dismal job market have reduced labor costs in the building
Reduced average labor cost in home improvement market is another advantage
homeowners can take during this economic crisis. In addition to building
materials, labor is another major part in the overall costs of a home remodeling
project. Just like factories overseas are dying for orders, building contractors
in the United States are starving for projects. You can always find quality
bargains in this extraordinary time.
To summarize, now is a good opportunity for homeowners to invest in the upscale home
improvement projects. Comparing to those good times, you can expect to spend a fraction
of money to have quality jobs done. The broader economy will recover. There is
no question about it. Like gold, marble, granite and other stones are naturally
formed. Their values can always be preserved. Their quality will never deteriorate. If you have
your home improvement done during this economic trough, the potential
appreciation spaces will be amplified when the housing market starts expansion
Therefore, home improvement is a great investment idea during such a economic