subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Fri, Nov 06 2009 

Resources

print this story   Print this story
  Post to del.icio.us

Photos


The Freitags —(from left) Nick, David and Bill — of Wilcon Construction are offering a program in which people who buy one of their homes, such as this one on Quail Path, get a guarantee of a buyback if the primary wage earner loses his or her job.
/ John Cross


Published May 25, 2009 10:13 pm - After a painful winter, area homebuilders and contractors see an improving, but changed, market.

Construction outlook brightens
Incentives help drive demand

By Tim Krohn
Free Press Staff Writer

MANKATO

Bill Freitag and his sons figured if automakers could guarantee to buy back vehicles of people who lose their jobs, the Freitags could do the same for people who buy one of their new homes.

“We decided we need to instill some confidence in the marketplace,” said Freitag of Wilcon Construction Inc.

If someone buys a home constructed by Wilcon and the primary income earner loses a job permanently, becomes disabled, or goes through personal bankruptcy, Wilcon will buy the home back at the appraised price. They also will pay a couple of months payments first, if people need some breathing room while they get a new job.

There are conditions for buyers who sign up for the Safe-Net program. Details can be found at www.Wilcon-Construction

.com. They are offering information sessions on the program at 6:45 p.m. and 7.45 p.m. June 11 at the Country Inn.

The Wilcon program is one of many incentives that are starting to bring signs of improvement to the construction industry. While area contractors suffered through a horrible fall and winter, most are seeing a revival this spring, helped by a big first-time homebuyer tax credit, an easing of the recession, low interest rates and a upsurge in the stock market.

“Things are looking quite a bit better. Everyone I’m talking to seems to be a lot more optimistic in the past couple months,” said Tony Frentz of Frentz Construction in Mankato.

“We’re starting to see a lot of new projects coming after a very slow winter. Residential and commercial are looking good.”

Mike Hansen, of Mike Hansen Roofing & Construction, said that while his work putting roofs on new homes all but disappeared late last year, he’s been keeping his crews busy this spring. Most work has been reroofs, but some new as well.

“We did 50 new roofs for a year for Kim Born, but that new construction just dropped off.”

But his 13 employees have been getting a lot of reroofing jobs this spring. “We just did several townhomes with 900 square tore off and put on. That was a big job,” Hansen said. (A square of shingles covers 100 square feet.)

He said some builders he’s talked to say they are starting to get some work lined up for the summer, albeit at a slower pace than recent years.

Frentz, who is designing several new homes, said one thing has changed because of the recession and housing bust.

“People want quality custom homes with all the things in it they want, but you see fewer of the extremely large homes,” Frentz said. “I think people are thinking a little differently than they used to.

“We use all the spaces very well, like built-ins under the stairs. It’s like they designed them 100 years ago.”



print this story    email this story   
Click here to load this Caspio Bridge DataPage.
Click here to load this Caspio Bridge DataPage.


More from the Archives section

Print Correction: Envision 3/22/2006





autoconx

Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Premier Guide

 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index