Renovation Material & Pricing Issues: Part 2

Renovation Material & Pricing Issues: Part 2

The cost of lumber, appliance shortages, window, roofing and other material shortages have caused delays in home renovations and kitchen remodeling. Price hikes and delays started in 2020, but they continue a year later.

Decking Project Delay/Price Increases

If building with wood, lumber prices have increased deck construction costs by up to 150%. This presents a problem because half of the decks in America are built using wood. Aluminum and composite decks are also available, but they still cost at least as much as some wooden deck materials. Not only that but wood is still used for the frames. Therefore, the cost of deck building remains affected by the economy. Cost and material availability is something that you’ll definitely have to keep in mind, at least in the near future.

Window and Roofing Material Shortages

Due to the shortages, custom windows, doors, and exterior products (including roofing) have seen a substantial increase in special order lead times this year. In some cases, some roofing and siding materials are simply unavailable and out of production. Since March 2021, there’s also been a 30% increase in roofing material pricing, and it’s predicted to become more challenging to fix roofs in the near future. This could be tough on homeowners who are expected to maintain their roof every 10-15 years.

Delays in Kitchen Remodeling

There are a number of causes factoring into delays with kitchen remodeling projects in 2021. Shortages in some raw materials and in skilled labor have combined to create longer lead times for custom components including kitchen cabinets. This makes planning ahead and considering different product lines even more important. We also recommend checking availability for other components such as sinks, faucets, and other items that may need to be special ordered.

Since March 2021, there’s also been a 30% increase in roofing material pricing, and it’s predicted to become more challenging to fix roofs in a year or two. This could be tough on homeowners who are expected to maintain their roof every 10-15 years.

Planning for Your Appliances

In February 2021, about 90% of people looking for appliances could not find the appliances they need for their kitchens. In the past, appliances were something that could be ordered in later stages of the project. Due to increases in demand and supply line challenges, we recommend doing your research, ordering earlier, and being open-minded to having to sacrifice some features or substituting models. Some homeowners have even considered purchasing lightly used appliances.

Other Delays Caused by Seasonal Fires

Wood shortage from the pandemic or even seasonal fires is not the only reason for remodeling delays. Yes, the West Coast wildfires typically do cause lumber prices to rise. However, even roofing material shortages occur because of natural disasters, and the severe storm seasons are a primary cause. It’s not because of the supply itself, but it does cause damage to more properties than usual. This, coupled with the pandemic, is why you may need to budget more or be prepared for additional unexpected material delays or price increases.

Even as more businesses continue to re-open, it might still take a while for our society to return to normal. Quality Craftsman is the right renovation and remodeling partner to help you stay in your home for as long as possible. We are certified aging in place specialists helping families throughout the East Cobb area remodel and enjoy their homes both now and in the future.

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