Creating Realistic Expectations for Your Kitchen, Bath or Other Remodeling Projects
A perfect storm has occurred. Never before in the history of our showroom has demand been higher.
And we are not unique. Almost every peer in the remodeling business is reporting record or near-record project volume. There are a number of reasons for current conditions. Many homeowners have been working and schooling from home for more than a year. Many have told us that they are tired of their homes and their homes are tired of them. They want their homes to look, feel and function more effectively.
Second, those who have been fortunate to work through the pandemic have more discretionary income that can be earmarked for home improvements. Plus, interest rates remain at near all-time lows. Third, home values are ballooning upward with demand for new homes far exceeding supply. This combination has made many homeowners realize that they can afford the kitchen or bath of their dreams.
What do current market conditions mean for homeowners who want to undertake a renovation project?
Start your research as early as possible. Determine what will best suit the needs of your family and budget, ranging from simply replacing what currently exists in the same location or undertaking a full-scale renovation that reconfigures and potentially expands the space. Determine the type of cabinets and countertops you want the most. Visit Instagram and Houzz.com among other websites and create your own storyboards with images of kitchens and products that you desire in your new kitchen. The more decisions you can make before visiting a showroom, the better served you will be.
Have realistic expectations. HGTV and other home improvement television shows are wonderful sources of inspiration. They, however, perform an incredible disservice when it comes to timelines and budgets. Most home improvement television shows do not include the cost of labor in their pricing or design, planning and permitting in their time estimates. Pricing and timelines on home improvement television are not realistic during normal times; it’s even worse now.