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Remodeling 101
Publish On 01-18-2008 , 4:13 PM
Today, after only 42 days, I was ready to buy lumber for a remodeling project I was working on. I went to my local source (someone I use routinely) and got ready to place my order only to find the pricing had gone up 78%! Yikes, that was a shock. I stood there haggling with them and showed them the estimate I had been given and they said they would verify the price for me. Came back and said they were correct.
I went home, hit the internet and called 5 other lumber yards in the area and all were within the same price per lineal foot or board foot and only one was higher. Each could deliver on time.
The point of this is that even when I follow through and calculate my resources carefully, plan, budget and purchase materials for client jobs or my own, a price increase goes into effect. When it happens, take a deep breath and be sure that you have a contract in place that covers these issues.
In the end, I checked out alternative woods and looked at other options for the design but we decided that the cost differential was worth it. Thankfully, we were able to do it before another price increase hit.
Pricing materials is important, so keep this in mind when you begin sourcing your own materials for your project. Do your homework and check all resources to help your budget stay intact.
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