Reno Prices Down?
So after reading some of the recent posts about varying kitchen reno labor costs, it got me wondering. Are contractors prices kind of down now because of the economy/lack of projects? I’ve heard this in the news lately but didnt know if it applies to nyc. We’re looking to renovate our kitchen…is now the time?
So after reading some of the recent posts about varying kitchen reno labor costs, it got me wondering. Are contractors prices kind of down now because of the economy/lack of projects? I’ve heard this in the news lately but didnt know if it applies to nyc. We’re looking to renovate our kitchen…is now the time?
We are a design build firm and would be happy to give you a bid for your kitchen. Because we design and build our prices are often less than hiring a designer and a contractor. As far the economy is concerned, we all want to be competitive. We give the lowest cost we can while still paying the bills, paying insurance, etc. Most costs have NOT come down, so we live with a little less because we don’t have as much work. You can email me at tmartin@wedesign-nyc.com if you are interested.
Good luck!
edifice rex: of course i’m still reading…i can’t bail out on my OP with
this much action and info. 🙂
Thanks for your advice. i didnt think a reno would be clearance prices
but every little bit helps.
brownlime,
I always write “Bid half off peak comps” because it’s a stamp, slogan or tagline. It ties into my handle, BHO, which is my market call and can also be interpreted as a warning to market participants. “Bid” meaning your offer when shopping for a home if you “must”. “peak comps” for the highest actual comparable sales per property type, condition and location, versus asking price which can be way off. Hope this helps.
***Bid half off peak comps***
Thanks!
Mopar, this is just in time for you! And I’m serious. I too thought it was a joke, but it’s for real.
http://www.businessweek.com/bwdaily/dnflash/content/aug2009/db20090821_304909.htm
or
http://tinyurl.com/qp7zjk
Mr. BHO,
Why do you always write “***Bid half off peak comps***”? What does it mean?
Cash for Refrigerators!? What, pray tell, is that? I got one for em.
Lil’ ol’ me at the bottom of the thread.
Everyone forgot something in the discussion about the great depression, the little depression, and the price of Mexicans.
That is, the price of materials. Copper, iron, and various other commodities have fallen dramatically from a year ago.
So, not only are many contractors less busy then usual and more interested in your business, the price of the materials they will have to buy is cheaper. And you yourself can probably get a better deal on cabinets, appliances, tile, and so on. And Cash for Refrigerators is coming up!
“Not in my experience really…”
But, Ken, that didn’t answer the question ‘is now a good time’ and it didn’t need to. My first comment didn’t address you nor mopar but he refuted it and you piled on.
square – I’m unwilling to call a bottom to the economy because that’s too complicated. Before housing bottoms, something else could pick up steam (alternative energy? stem cell tech?) and push up employment. And I don’t put a deadline on anything. Economic or housing collapses do not, and don’t have to, conform to anyone’s schedule. It’s a process, not an event. For now, I will only call a bottom in housing when I see it. I’m only predicting a price drop but not the date, time and weather when it will happen.
I agree with edifice rex. You want qualified bids but, like I said above, the longer you wait while we’re in this environment, the lower the fees. But it’s just a renovation so don’t go crazy penny pinching.
I’m done, ya’ll (I hope).
***Bid half off peak comps***