WILMINGTON — After the housing market crashed several years ago, industry professionals are now working to find the best way to build it back up.
The American Institute of Building Design is holding their national convention in Wilmington, giving builders, financiers and appraisers the opportunity to share information and ideas. Architect Sam Rashkin with the Department of Energy believes our housing market needs some major reconstruction.
"We need to retool. Which is, not start from scratch, but re-examine every step of the way. why we do what we do,” said Rashkin.
Rashkin was the keynote speaker at the AIBD convention. AIBD is a group of building and housing professionals who come together to share information about the industry. While the market is not in its best state at the moment, some experts say it is starting to improve.
“Some areas are starting to recover a little bit. Some areas are recovering a little bit more. Some are just kind of hanging in there. For people who are looking to buy a home, I think there's a lot of opportunity right now, because obviously the prices are down," said National President of AIBD Viki Wooster.
Anyone who may be considering selling their home, Rashkin said it's all about thinking ahead. He said it is important to focus around energy efficiency and investing in making a home green, and when it comes time to sell, make sure the appraiser understands the value of those improvements.
"You can request that the appraiser that works on your house, assesses your house, is a certified green appraiser," said Rashkin.
Housing experts say it will take time to rebuild the market, but with patience and persistence it can be done.