So you’ve finally decided that avocado-colored appliances are never coming back into style? You’re tired of elbowing your spouse for space in front of the sink while brushing your teeth? It’s time for a renovation.

The good news is that 2008 could be the best time in years to make that decision. The slow housing construction market has idled subcontractors who, in years past, were swamped with work. Labor and materials prices are getting more competitive.

“Now is an excellent time to take advantage of the fact that our industry has slowed,” says Steve Fletcher, owner of Fletcher Homes in Cincinnati. “Rates are down. A lot of contractors are more available than ever. Commodity prices are down. It’s a great time to remodel your house. You’ll get a lot more for your money.”

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