Have you seen the news? We’re unfortunately likely heading into a recession – AGAIN. The last one that took place in 2020 taught us a few things, and hopefully, we’re better prepared to handle it now. It’s easy to run and hide at the mere mention of a recession and start hiding all of your spare dollars under your mattress. However, before you do that evaluate your position. Is your job stable? Do you have savings and investments? Do you generally live below your means? If so, chances are you will not only be just fine, but you face a couple of unique opportunities to maximize your time, assets, and lifestyle during a difficult time.
1. You may be spending more time at home
While it’s unwise to panic and start selling all of your stocks, and stocking up on toilet paper, a reasonable move to prepare for a possible recession is simply spending more time at home. By eating out less, spending less on entertainment and weekend outings, and saving on the sky high gas prices we’re experiencing you can easily shave several dollars off of your monthly budget and can create a cushion for other things (such as hiring a professional kitchen renovation company without spending extra money)
2. There will be competitive pricing
while this year has seen rapid inflation and material shortages, bathroom remodel companies and kitchen renovation contractors alike will be looking to drum up business and ride out the recession/pre-recession difficulties stemming from less consumerism spending. This means, they will be more inclined to lower prices and offer competitive deals. In other words, this could be a great time for remodeling a bathroom on a budget. Things like custom cabinets or custom vanities are usually fairly pricey, and this may be an opportunity to find them for less.
3. Better scheduling possibilities
While it brings us no joy to say this, the reality is that during times like these contractors experience waxing and waning of work opportunities, and possibly have a shortage of work. In this case, their schedules may be more open than usual. In addition, they may simply be opening up their schedules to increase flexibility and be available to more clientele and accept kitchen renovation works.
4. Make your kitchen renovation an investment
There are several ways to make your kitchen renovation project investment or to leverage your bathroom renovation for more than aesthetics. By investing in energy-saving appliances, adding value to your home, and repurposing materials, you can make a smart investment while beautifying your home.
5. The Insane Housing Market
While it brings us no joy to say this, the reality is that during times like these contractors experience waxing and waning of work opportunities, and possibly have a shortage of work. In this case their schedules may be more open than usual. In addition, they may simply be opening up their schedules to increase flexibility and be available to more clientele.
All in all, there are several reasons to consider a kitchen and bath remodeling project now, despite the uneasy state of things. As an affordable kitchen renovation company, we pride ourselves on being there for your remodeling and renovation needs through the thick and thin. Contact us today to discuss how we can help make your dreams a reality, no matter where our economy is.