Some say the R is here and some say its just started. But was wondering is it best to wait a while to get my carpet replaced with vinyl flooring in my home. I understand during hard times it will force many home owners to put off any major projects due to the unknown. But is it going to cost me more for installers to do the work now or wait till they too are feeling it and then get it done?
Recession...wait a little longer to get home flooring done?
- Thread starter JBL
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CampfiresNbrews
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- May 5, 2021
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Been wanting and waiting to install new windows in one of my rentals but just patiently waiting for the R to hit so I don’t get taken by over paying. It’ll all come down soon is my feeling. Maybe the end of this year ill get it done. Construction (residential) for us has been slowing down and people will have to start dropping prices.
Surf and Dune
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- May 8, 2021
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I don't see prices coming down by much if any at all. If you're waiting for desperate workers to cut their prices enough to warrant "waiting", then don't expect the best quality. Besides you're talking about vinyl flooring which is the cheapest material you can install anyway.
My daughter just had 1100sqft of flooring installed and this question came up when she started thinking about it. I don't think material prices will come down, at least significantly any time soon including if an "official" recession hits.
As far as labor, if you hire a good contractor to do the work, it will cost you about the same recession or not. It's the crappy contractors that will lower their prices during hard times to try and keep their businesses afloat. An example, my brother was an electrical contractor in Bend, Or when the '08 crash hit. He had a good rep and a loyal client base. The fly by night guys taking advantage of the good times had to cut their prices to get work. Most if not all failed and shut down their businesses. My brother flourished when things turned around after 2 or 3 bad years.
As far as labor, if you hire a good contractor to do the work, it will cost you about the same recession or not. It's the crappy contractors that will lower their prices during hard times to try and keep their businesses afloat. An example, my brother was an electrical contractor in Bend, Or when the '08 crash hit. He had a good rep and a loyal client base. The fly by night guys taking advantage of the good times had to cut their prices to get work. Most if not all failed and shut down their businesses. My brother flourished when things turned around after 2 or 3 bad years.
Dockmaster
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- May 5, 2021
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I wouldn't wait. Chances are prices won't change much other than possibly go higher. Inflation is still running around 6% and skilled labor is still nearly impossible to find. I'm getting ready to start a large addition and remodel on my house. I see no benefit to waiting. Even if by chance prices did come down some how much do you think you might save? 10% maybe? And how long are you willing to wait to save a few bucks? Now if you were talking about buying an RV, Boat or other similar items that's a very different scenario.
zilla68
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- May 8, 2021
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how much do you think you will save?
I had ceramic done in my house a while back and the cost from when I looked precovid and after wasn't worth me waiting to save a couple hundred dollars.
I had ceramic done in my house a while back and the cost from when I looked precovid and after wasn't worth me waiting to save a couple hundred dollars.
Spize909
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- May 5, 2021
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We have a ways to go to bottom but we're just starting. If you want to save some dough wait at least 6 months and see where we're at. These guys that say "don't wait" are probably just contractors (no offense fellas) that want the ride to keep going. It's all falling off the face of the earth and gonna get worse before it gets better. I've been through a few of these now.
I own a flooring business here in San Diego and the residential side has slowed and we have seen manufactures getting more aggressive with pricing, extra surcharges are being dropped, and installers previously too busy asking for work. As far as waiting I’m not sure you will be saving a ton anytime soon or at all.
not sure where you are located but I’d be happy to get you an honest fair bid or even look over a bid you have in your area. Don’t go to box stores or use unlicensed installers. A local smaller company that has been there for a long time is what you want.
not sure where you are located but I’d be happy to get you an honest fair bid or even look over a bid you have in your area. Don’t go to box stores or use unlicensed installers. A local smaller company that has been there for a long time is what you want.
Rockwood
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- May 5, 2021
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Only so many times people can get their floors re-done. In the last couple of years everyone and their mom got chit done.
Couple of months/year ago, you couldn’t get anyone to show up for an estimate, and the one who did threw a quote against the wall to see if it stuck. Can’t be any worse than that in 6 months
Couple of months/year ago, you couldn’t get anyone to show up for an estimate, and the one who did threw a quote against the wall to see if it stuck. Can’t be any worse than that in 6 months
Sausage450r
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- May 5, 2021
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Tech recession is and has been here by definition. That said. We have a ways to go to the bottom and yes materials are still very expensive. But world wide banks are starting to shake, housing is slow and we are starting to see declines. It happens slow at first then all of a sudden. No one can predict it though and you cant live life based on “what if”
prices wont come down until inflation settles… that could take a decade. Even in a recession or full blown crash
prices wont come down until inflation settles… that could take a decade. Even in a recession or full blown crash
The 2 avenues always seem to be do it now it's not getting any cheaper, and just wait it out things will come down soon enough. I don't think there's any one good answer anyways. IMO the answer you get depends on if you sign the front of a check, or the back. Personally, and I sign the back of my check, I'm going to wait for any huge purchase.
We want to build a house on some property we bought a year ago, that would also include drilling a well. We haven't done anything to get the ball rolling yet with the hope that material prices will become more affordable as whatever it is were in right now evolves. "They" say housing is slowing down but there are still what seems like a million new homes under construction around these parts, so the truth is housing hasn't slowed down at all, the price of existing single family homes may have slid down a bit but construction is still going strong. That in itself is enough to keep materials and labor healthy.
I used to think I made good money at my job but when I see how much less I can buy here lately it makes me want to quit and learn a new trade, I "have" been wanting to open up a tropical fish store...
We want to build a house on some property we bought a year ago, that would also include drilling a well. We haven't done anything to get the ball rolling yet with the hope that material prices will become more affordable as whatever it is were in right now evolves. "They" say housing is slowing down but there are still what seems like a million new homes under construction around these parts, so the truth is housing hasn't slowed down at all, the price of existing single family homes may have slid down a bit but construction is still going strong. That in itself is enough to keep materials and labor healthy.
I used to think I made good money at my job but when I see how much less I can buy here lately it makes me want to quit and learn a new trade, I "have" been wanting to open up a tropical fish store...
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