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I live in an expensive area, so the project costs are insane here. We did our kitchen (kitchen remodels are rarely ever a "need") and wanted to spend $20k but ended up around $40k all in, using relatively low-end brands for things except some low-mid range appliances (Bosch and Samsung).
However, my friends were all flabbergasted that we were able to get our kitchen done for less than $100k. We had a friend who redid her kitchen and she told us it was $150k excluding countertops!. We saw her kitchen too, we can't tell the difference between hers and others.
Now we're looking at doing a patio and a little roof structure over our backyard so that we can have a nice place to spend the 5 or 6 nice months, expecting to see prices in the $10k-$20k range and no joke, the first quote came back at $160k for a pretty plain patio. We said "at that price we should also be getting a pool" and they guy said "oh in that case we're at around $230k".
I'm guessing you haven't talked to many roofing contractors in 2021.
You guessed correctly. As I stated earlier, my roof was installed in 2018. However I know two people in my neighborhood that are having new roof put on as we speak. Neither is having to run out and track down lumber.
There is no lumber shortage here. There is high priced lumber… But there damn sure is not a shortage. That’s a whole different discussion… No need to get into it here. But I just wanted to mention that.
You guessed correctly. As I stated earlier, my roof was installed in 2018. However I know two people in my neighborhood that are having new roof put on as we speak. Neither is having to run out and track down lumber.
There is no lumber shortage here. There is high priced lumber… But there damn sure is not a shortage. That’s a whole different discussion… No need to get into it here. But I just wanted to mention that.
Many yards are being selective about what they order because they don't want to have a bunch of high-priced inventory on hand when the prices start dropping. We haven't had any 1/2" CDX plywood for a couple of months, not because we can't get it but because we would have to sell it for $70 a sheet which is ridiculous. We're only stocking deck boards in 12' and 16' lengths. And no 14' dimensional lumber as it's the least-used length. So it doesn't surprise me in the least that a contractor would have to travel to another town to get materials at this point in history.
Many yards are being selective about what they order because they don't want to have a bunch of high-priced inventory on hand when the prices start dropping. We haven't had any 1/2" CDX plywood for a couple of months, not because we can't get it but because we would have to sell it for $70 a sheet which is ridiculous. We're only stocking deck boards in 12' and 16' lengths. And no 14' dimensional lumber as it's the least-used length. So it doesn't surprise me in the least that a contractor would have to travel to another town to get materials at this point in history.
I guess it depends on where you live. We have many lumber supply locations where I am… Anybody can get lumber if they have deep enough pockets. Thankfully the prices have started to slide back… I’m hoping they keep sliding… They have a hell of a long way to go. A couple of builders here have finally started putting the brakes on new starts due to cost. I’m glad to see it.
Wholesale prices are up again this week in spite of the softening of the commodity market. It's going to have to stay down for awhile to spur any softening at the retail level.
At some point it will come back down, but I don't see it going anywhere near what it was a year ago unless we see a major recession.
I live in an expensive area, so the project costs are insane here. We did our kitchen (kitchen remodels are rarely ever a "need") and wanted to spend $20k but ended up around $40k all in, using relatively low-end brands for things except some low-mid range appliances (Bosch and Samsung).
However, my friends were all flabbergasted that we were able to get our kitchen done for less than $100k. We had a friend who redid her kitchen and she told us it was $150k excluding countertops!. We saw her kitchen too, we can't tell the difference between hers and others.
Now we're looking at doing a patio and a little roof structure over our backyard so that we can have a nice place to spend the 5 or 6 nice months, expecting to see prices in the $10k-$20k range and no joke, the first quote came back at $160k for a pretty plain patio. We said "at that price we should also be getting a pool" and they guy said "oh in that case we're at around $230k".
We decided that our existing patio is fine.
Completely insane. I would think $20k should cover what you want.
Completely insane. I would think $20k should cover what you want.
Nope. I've sold several kitchens where the cabinets and countertop alone were $20K. No appliances, no lighting, no flooring, no labor. And that was in Rooster Poop Southeast Iowa 10 years ago.
Curb appeal is very important to my sense of well-being. I understand that it is very valuable for resale.
I NEED the front of my house to look as perfect as I can make it. Some people think it’s not important, and to each his own.
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