Savings vary by state, region, and the specific project, but no matter where and what remodeling is being done, it is less expensive now to remodel than it has been for several years, according to the consumer oriented Web site.
According to remodelormove.com, a
kitchen remodel in
A news release issued by remodelormove.com continues: In addition to the energy and stimulus package savings, the most common building products, such as lumber, dry wall, insulation, and plumbing fixtures cost 10 percent less now than they did in 2006, according to the Bureau of Labor Statistics
The cabinet industry is an example of what has been happening to the sales volume and cost of home improvement materials over the past few years. Sales volume at some manufacturers had dropped 40 percent by the end of 2008. But, in the first three months of 2009, sales rebounded by 10 percent. Many cabinet companies are offering discounts of 10-50 percent on some product lines
So, how does this all impact a typical kitchen remodel? This summary shows the savings potential.
An Example of a typical kitchen remodel in 2006
Lumber, materials $2,000
Contractor Overhead & miscellaneous costs $10,000
Total 2006 cost $50,000
The same kitchen remodel in 2009
Cabinets $8,000 - 20% savings from retailers
Flooring $2,000 - 20% savings from retailers
Appliances $2,500 - 17% savings from retailers and government programs
Countertop $5,000 - 9% savings from manufactures and retailers
Fixtures $1,800 - 10% savings from retailers and government programs
Lumber, materials $1,500 - 25% savings from retailers and government programs
Labor $12,000 - 20% savings from contractors
Contractor Overhead & misc costs $7,000 - 30% savings from contractors and retailers
Total 2009 cost $39,800 - 20% savings from the cost in 2006
Remodelormove.com is the online resource for homeowners making the decision whether it is best for them to remodel their current home or move to a new home. With its partner site, remodelestimates.com, the site provides information, unique and uniquely accurate calculators that compare costs, forums, seminars, and advice for homeowners.