Impact varies by income level. Find your bracket to see what this means for you.
If you rent, this won't change your costs. If you own and need major repairs, updated safety codes could mean slightly higher contractor costs but better protection for your family.
Home repairs and small renovations may cost a bit more due to updated safety requirements. However, stronger building standards help protect your home investment and family safety.
Any home additions or major repairs will need to meet newer safety standards, which could increase project costs. The trade-off is better construction quality and safety for your family.
New construction or major renovations will cost more due to updated building requirements. Higher earners are more likely to build custom homes or do large projects affected by these changes.
Income impact analysis based on policy text. Individual circumstances may vary.
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