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Home Renovation Budgeting in 2024: The High cost of waiting.

Welcome to a new era of home renovation! As we step into 2024, the landscape of remodeling is evolving, with costs reaching unprecedented heights. But fear not, savvy homeowner! In this blog, we’ll delve into the crucial art of budgeting for your home renovation in today’s economic climate. We’ll explore the key factors driving up expenses and, more importantly, how you can navigate these challenges to achieve your dream home makeover without breaking the bank.

 

Planning

Planning

At Builders Surplus, we understand the complexities of modern home renovations. That’s why we’re here to guide you through this journey with our expertise in offering discounted building materials, complementary design assistance, and access to affordable, skilled installers. Say goodbye to the days of overspending at traditional big-box stores and hello to smart, value-driven remodeling with Builders Surplus.

 

Warehouse

Warehouse

The Impact of Recent Inflation: One of the most significant challenges in current home renovations is dealing with inflation. In recent years, the costs of materials and labor have increased significantly, often surpassing the expectations of both homeowners and suppliers.  It’s crucial for homeowners to be aware that the current market is markedly different from what it was just a few years ago. I could list out many examples of items that have almost doubled in price in the last 3 years. It’s hard to accept the new normal.   I’ve had many conversations with people wanting to wait in the hopes that we will have deflation.  The truth is prices will never be as low as they are right now! 

 

Remodeling Kitchen

Remodeling Kitchen

The Cost of Hesitation in Renovation Projects: While acknowledging the impact of inflation on renovation costs, it’s also crucial to consider the long-term financial implications of delaying a renovation project. In an environment where prices are steadily increasing, hesitating or postponing a renovation can actually result in higher costs in the future. Every year like clock work vendors send out price increase letters.  These tend to happen in the first quarter of the year so they can have a majority of the year booked at the higher prices. Labor, Energy, Material and Transportation costs are always sighted as the reason.  2024 will be no exception, expect 3-5% cost increases across the board. 

Therefore, if a renovation is inevitable or highly desired, it may be more financially prudent to undertake the project sooner rather than later. By acting now, homeowners can avoid further price increases that are likely to occur. It’s a matter of balancing the current budget constraints with the potential for even higher costs down the line.

 

Shopping

Shopping

Smart renovation spending, the retail channel you didn’t know existed.   Big box stores might be the usual go to  for many homeowners, but they’re far from the only option. Alternative retail store options are out there offering high quality products at significant discounts.  Picture discovering a hidden gem of a marketplace, a place where value and quality converge seamlessly. This is the realm of alternative retailers like Builder’s Surplus. We’re your guide to this less-trodden path, leading you to exceptional deals that won’t make your bank account blink.

Step into our world, and you’ll find shelves laden with premium materials that respect your budget. Dreaming of a sleek new countertop or an entry door that makes a statement? Look no further. With us, it’s not about cutting corners on quality; it’s about maximizing every dollar you spend. We’re here to ensure that your renovation journey is as satisfying for your finances as it is for your living space.

Why The Lowest Price is the Worst Price In A Home Remodel

I’m here to tell you why the lowest price is usually the worst price in a home remodel. Today we’ll specifically be covering the installation side of a home remodel project. Anyone who has gone through a remodel already may have already come to this conclusion, as have I, through some painful personal experiences in my life. Contact-Designer-Shop-Ad

The Quality Triangle of a Home Remodel

They say that you can have 2 of any 3 things in a home remodel. Cheap, Fast, or Good. But only 2. Never all 3. If you want a job done fast and at a high level of workmanship, it’s not going to be the cheapest. If you’re on a budget but need quality, it defiantly won’t be a fast process. If you need it cheap and fast, it defiantly won’t be high quality. Decisions, decisions. Quality Triangle Home Remodel   Now, you have to decide what two you want or can have. Unless you want to spend the better part of a year dealing with a contractor, I would assume that you want the job done decently fast. I can assume that we all want a good quality home remodel. While our remodel doesn’t have to be astronomical in terms of cost, that means that your remodel won’t be the cheapest out there. Knowing the triangle up front helps a lot of home owners avoid the mistake of taking the lowest bid, without regard to the consequences.

When you take the lowest bid on a home remodel

I will admit, I have fallen victim to this. I was working on a large remodeling project. I got quotes from at least 5 people. I found someone to install my windows, work on my interior framing and my roof, who was offering to do it at a much lower price than everyone else. He claimed this was because he wanted to build a relationship. That we could work together on future projects. That we would refer him to friends and family. It sounded legit. I was thrilled to get my project going and was I really going to be UNDER budget? home remodel contractor As work began, it seemed ok. And then things started happening. The project wouldn’t be complete 100%, but payment was being requested to get the rest of our materials. Issues were spotted and were promised to be fixed. He would be there tomorrow. Tomorrow came, but he did not. Phone calls were made, but never answered. I kept being strung along, telling me that the rest of the work was going to be done, and going to be done right away. But this was not the case. I ended up cutting my losses and moving on with other options. While this may not be the scenario that you encounter with every cheap contractor that you meet, it was definitely mine, as well as that of many others that we’ve spoken to in our business.

The Real Cost of The Lowest Price

Low cost trades have to take on more jobs to make the same money that a higher cost installer would. This means typically that they are overbooked and everyone ends up on the receiving end of poor communication and customer service. What can happen when you work with low cost trades is that they are very short term oriented. If you have paid $1,000 for your project, and they are supposed to be there tomorrow. Then, they find another job that will pay $1,500 and they also want it done tomorrow? Guess who gets the shaft? Contact-Designer-Shop-Ad When you are doing an extensive home remodel project, you have to coordinate multiple trades. You could be dealing with window installers, framers, dry wallers, plumbers, electricians, cabinet installers, flooring installers, tile installers, and the list goes on. In most cases, one job can’t be started until another is finished, and sometimes inspected. If you have scheduled your trades in advance, and someone cancels on you, you then have to reschedule your other trades. Depending on their other commitments, you may not be able to get back in their schedule for weeks. What are weeks in construction worth to you?
It is estimated that rework, lost time, and rescheduling conflicts can cost up to 50% of your entire renovation project.

Lower cost trades have a much higher probability for rework, unkept commitments, and cutting corners. Again, we are not saying this of all contractors that charge a lower than average price, but if you do encounter this, we would highly recommend getting referrals from the past year and calling them to get their experience.

home remodel contractor horror stories

Why Using Builders Surplus Home Remodel Installation Services Eliminates The Pain

Builders Surplus is a solution for this problem for many reasons. First of all, managing a home remodel is a very time intensive process. There are many steps that need to be taken is a specific sequence, and a coordination of trades that most home owners just aren’t prepared for. We take that on for you. We make sure that your installers are vetted, reliable, affordable, and perform quality renovation work. While you may just be one customer when trying to negotiate rates, or deal with issues with a contractor, we are 50+ customers, repeat business every month, with substantially more buying power behind us. While our installers are already reliable, when we have issues to resolve, it is a much easier process for all parties. Don’t spend too much for a low price. Don’t put a damper on your beautiful new home remodel. Talk to Builders Surplus today about starting your renovation project with free design servieces and trusted installation services. Contact us today!    

Want to learn more about kitchen & bath remodeling?

Copper Sinks: The Essential Starter Guide

Copper Sinks: The Essential Starter Guide: FeaturedA
Copper Sinks – when you say copper sinks you might think of an old brown and green bowl sitting on a vanity in the old west before there was plumbing; however, copper sinks today are much different than they were way back when, they are a beautiful statement piece to any kitchen design or bathroom remodel. They’re link shiny red-brown chameleons – constantly changing and always stunning to look at and watch change over time. There are many reasons why you might want to add a copper sink to your kitchen design or bathroom remodel; it could be their unique and diverse style or their ability to be antimicrobial. Whatever the reason for your consideration of a copper sink, there is no denying that it will be the talking point of your guests around the dining room table.

Properties of Copper Sinks

Copper sinks are as unique as they come, in both style and function. When seeking copper sinks you should look for sinks that are 99% pure copper, preferably with that remaining 1% being zinc, which will add to it’s strength. Do be warned that when ordering copper sinks from China, India, or the Middle East as lead can be used as a filler because it has similar workability to copper and is inexpensive. Lead is also harmful to humans – so be cautious when ordering outside of the United States.
Copper is an extremely soft metal which means that it can be shaped and hammered into different designs to turn an average bowl into a stunning masterpiece!

Copper Sinks: Mount & Style

Like any other sink, copper sinks also come in a variety of styles and mounts. They can be unadorned or extremely elaborate – it all just depends on what you’re looking for and what you’re willing to spend. Sink mounts refer to how the sink is installed and will look on the countertop, while style generally refers to the finish of the product.

Decorative, Farmhouse

Decorative sinks tend to be more ornate and have intricate designs either hammered or stamped into the metal. They are extremely elegant and with the reactive and changing nature of copper sinks they will always look a little different the next copper sink! Farmhouse, is the kind of mount, and is not unique to copper sinks. Farmhouse mounted sink are also called an apron mount where the front of the sink is exposed or overhangs from the the cabinets below it. Farmhouse is a great look and feel to go for with more country, or traditional style kitchens. Now, just because these two are listed together doesn’t mean that’s how all copper sinks are. You can most certainly get a decorative sink with a different mount or just a plain farmhouse mount with no decoration.
Copper Sinks: The Essential Starter Guide: Decorative Farmhouse

Hammered, Drop In

Hammered sinks are less ornate than more decorative style sinks, however they’re more unique than plain or brushed finish copper sinks. Hammered sinks give a faceted look to a shiny sink that has little patina to it, like you’re washing dishes in an amber bowl. When your sink has a more patina’d look to it, it makes the bowl appear more rustic and handmade – craftsmanship like. Drop In sinks are more common because their weight is what largely keeps them in place on the counter top, and thus are really easy to install.
Copper Sinks: The Essential Starter Guide: Hammered Drop In

Brushed, Under Mount

A copper sink – with little else to it will be eye catching, so if you’re wanting something more simple than what else can be seen on here then looking towards a brushed finish is a simple and understated, yet still elegant solution. Under mount sinks are beautiful because the countertop sits directly above them, giving the space a more modern and seamless look.

Hammered Under Mount

Hammered Finish Under Mount Sinks

Finished, Vessel

There are different kinds of finishes, the kind that I am referencing here are copper sinks that have something other than a wax or sealant to finish them, such as glass or acrylic. The bonus to this is that the copper will stay in all it’s original, shiny, beautiful, glory – if you can’t stand slight inconsistencies or change in your sink finish then this is the way to go! A vessel mount sink appears to be a simple bowl sitting atop your vanity or countertop. These are decorative of themselves and make great statement pieces without needing any kind of finish! Vessel sinks come in many different shapes and styles. If you want a unique looking sink that goes beyond just copper, vessel sinks are as unique and as out there as you can get!
Copper Sinks: The Essential Starter Guide: Unique Vessel

Pros & Cons of Copper Sinks

Everything in this world has its ups and downs. When it comes to sinks it just depends on what you want, and how much you can spend. If antimicrobial properties are important to you then you’re only bet is copper.

Pros:

  • They’re beautiful: It’s that simple. Copper sinks are some of the most beautiful and unique! The fact that they’re made from one sheet with no seams also makes them like works of art. They can be hammered and shaped to almost any dimension. Copper sinks do form a patina as they’re exposed to water and air, so if you love the original color you can have it coated to preserve it’s beauty. If you like their reactivity, the ever changing color and patina of copper sinks are just a bonus to their beauty. This goes beyond copper sinks being beautiful, they literally have countless combinations of finish and style. Some look like regular sinks and others look like works of art!
  • They’re antimicrobial: This unique property of copper sinks makes them favorable for kitchens, while bacteria can live on many sinks surfaces for weeks at a time, bacteria on copper sinks can only last a matter of hours. However, the EPA states that you shouldn’t coat (paint, lacquer, varnish, wax, etc.) your copper sinks if you wish to keep the antimicrobial nature if the metal.
  • Copper is 100% recyclable: Copper retains 95% of it’s original value when being sold after recycling. In fact, it’s likely that the copper sink that you’re getting is already made from previously recycled copper.
  • They’re durable: Depending on the gauge (thickness) of copper that your sink comes in will definitely affect its durability, the thicker the copper the less likely to dent it will be. Copper sinks are resistant to corrosion and rust, making it an ideal choice for a sink material.

Cons:

  • They’re highly reactive: If you want your copper sinks to maintain their color you’ll need to coat them – which will rid of you of the antimicrobial properties of the metal as well. Acidic foods and drinks, abrasive cleaners, and extremely hot or cold cookware can change the color of your sink, darkening it and leaving odd colored spots. Granted, as the patina darkens everything will become more uniform as time progresses. However, unless they’re sealed periodically it is extremely hard to maintain a copper sinks original shine.
  • They’re expensive: More than just being an expensive choice for a sink, they’re also expensive to repair. Copper is a very soft and malleable metal, so it can be easily dented and warped, meaning that you’ll likely need to repair it more often than other sink materials. Keep in mind that thinner gauge copper sinks will dent more easily than thicker gauge copper sinks.
  • They need more maintenance: To keep it’s shine and finish in tact for as long as possible you should dry the sink with a soft towel after every use and you should be careful with what products you use to clean it as some more acidic cleaners can discolor your sink. Warm water and gentle soap is usually all it takes.

Copper Sinks: The Essential Starter Guide: Reactive
When all is said and done choosing the right sink for you is up to you, however, we hope, that in considering copper sinks for your next kitchen design or bathroom remodel that we’ve provided you with the necessary information to decide if a copper sink is right for your home and family! They’re stunning and unique pieces with equally unique properties that make them ideal in any kitchen! Now that you know something about copper sinks, if you think that you’re ready to shop around you can view our copper sink selection on our website!
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Builders Surplus is a full service renovation company with locations in Louisville, Kentucky, and Newport, Kentucky, which also serves Cincinnati, Ohio. We specialize in interior design, kitchen design, bathroom remodel, building materials, and home improvement. Interior Design and measurements come as a free service to our clients. We sell building materials ranging in every price point, from unfinished kitchen cabinets to top of the line Wellborn cabinets. In addition to interior design, we also offer installation services. If you have any questions or would like to set up a free design consultation with one of our interior designers, we would encourage you to do so. We love sharing our knowledge with clients & potential home renovators. We write about interior design, home decor, decorating ideas, and home improvement. We hope you’ll check back in for our next article! Happy Renovation!
Written By: Kat Flaherty