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Project estimates post covid
Posted on 8/17/22 at 10:39 pm
Posted on 8/17/22 at 10:39 pm
Seems like every project across the board is substantially more expensive compared to pre covid prices to do the same project. Do we think this is the new normal or does anyone think we see a return to pre covid prices at some point?
Trying to gauge when to pull trigger on some large projects. I’m concerned that even though prices are ridiculous right now, I may be kicking myself in future if they go up even further. Obviously noone has the true answer but curious what everyone thinks.
Trying to gauge when to pull trigger on some large projects. I’m concerned that even though prices are ridiculous right now, I may be kicking myself in future if they go up even further. Obviously noone has the true answer but curious what everyone thinks.
4
Posted on 8/17/22 at 10:51 pm to Fox McCloud
I think a recession is coming and I think prices are going to come down
Posted on 8/18/22 at 6:24 am to wickowick
Things will come down but not to pre Covid prices
Posted on 8/18/22 at 6:55 am to Art Vandelay
quote:
Things will come down but not to pre Covid prices
Posted on 8/18/22 at 7:01 am to Fox McCloud
Demand should be falling with interest rates being around 5%. Only issue is there is a serious lack of skilled labor which really strains the supply side.
Material cost (mostly lumber) has dropped a good bit, but PVC, PEX, Romex and concrete are all high.
There is also figuring in how much you are willing to pay to enjoy it now. If you can afford it now, I would do it now.
Material cost (mostly lumber) has dropped a good bit, but PVC, PEX, Romex and concrete are all high.
There is also figuring in how much you are willing to pay to enjoy it now. If you can afford it now, I would do it now.
Posted on 8/18/22 at 10:20 am to Fox McCloud
I think you could see a drop in material prices, but the labor costs/upcharges will remain the same. So, as another poster stated, it most likely will drop, but we're not seeing pre-COVID prices ever again
Posted on 8/18/22 at 10:09 pm to Fox McCloud
labor cost going up. Timelines aren’t getting shorter either
Posted on 8/19/22 at 8:22 am to StrikeIndicator
quote:
labor cost going up. Timelines aren’t getting shorter either
This. In my area its 18-24 months for a reputable contractor.
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