If you need to build a hospital, you're going to build it. But things that are really maybe more spec -- office, retail and things like that -- might be more susceptible to sharpening the pencil to make sense.
More Quotes from Kermit Baker:
Not bigger, but better - that thought has caught on in some places.Kermit Baker
It's hard to predict when or how market remodeling trends change. Trust your instincts and you'll be able to enjoy all the changes you make.
Kermit Baker
My suspicion is, this 'staying within the footprint' idea has to do with zoning. If there are restriction setbacks in a community, or floor area requirements, there's an incentive to do this. You can't build on, so you build within. That would generate some pretty creative solutions.
Kermit Baker
Homes have been getting bigger and bigger for some while. The last time we looked, room additions were still a real important part of the remodeling market.
Kermit Baker
If I live in a neighborhood that has homes that routinely expect to see two-and-a-half or three baths, and my home has one-and-a-half baths, by adding that second bath I'm going to get a real phenomenal return. On the other hand if I have four baths and I add a fifth, I'm probably not going to get much return at all.
Kermit Baker
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