It’s no secret that the COVID-19 pandemic has disrupted a variety of businesses. One unfortunate issue is that supply lines have been disrupted. This means that for anyone dreaming of kitchen remodeling in Brighton, CO, there are likely to be delays. While plenty of homeowners are still forging ahead building the kitchen of their dreams, it’s not quite as easy as it used to be.
Source of supply line issues
One big factor across the construction industry is a shortage of lumber. Lower production due to pandemic restrictions at facilities combined with wildfires in the West and other factors have created a bad environment for the lumber industry.
This is affecting everything from new home building to deck building to additions. Of course, this is also impacting kitchen remodeling, including cabinetry. The average cost of building 1,000 square feet has increased by about $1,100. For those building new homes, $14,000 in additional costs has been tacked on.
With lumber costs up as much as 300 percent, many people are making the choice to hold off on those new projects. Demand is soaring as more people have money in their pockets and have been spending more time at home. This has led to a housing market in which demand is far exceeding supply.
When to start on kitchen remodeling projects
Some people are deciding to pause remodeling and hope that prices will go down before they embark on any new projects. On the other hand, interest rates are low, making it an ideal time to finance.
Also, experts are saying it’ll likely be the end of 2022 before lumber prices have come back to Earth. So if you really do want to move forward with a home renovation project, your choices are either to pay a premium or wait quite a while.
What to expect when you’re renovating
If you do choose to move forward with kitchen remodeling, just be warned that an increase in pricing in Brighton, CO, alongside robust demand, could result in project delays. The federal government may get involved by lowering tariffs on Canadian lumber, and it is possible that interest rates will creep back up and cool the housing market.
But until then, expect that your projects may be on hold for a little while. Particularly in the beginning of the process, you’re likely to see projects taking longer in Brighton, CO than you expect, as it will take time for all the necessary supplies to come in. You may want to work with a contractor who can get creative about replacing certain materials with those that are in an abundance of supply as well.
The supply line increase has resulted in a range of remodeling jobs taking longer in Brighton, CO. The next time you’re considering a new project, turn to the experts at Jim Cope Construction LLC. We bring along more than 40 years in the business, so you can rest easy knowing that you’re in good hands. We’re ready to find creative ways to make your dream project happen today. Give us a call to learn more and start a quote for your next home project.