Are you looking for new flooring for your home? If so, you might be shocked by how much it costs. Flooring is one of the most popular home improvement projects right now, but it’s also one of the most expensive. Whether you like hardwood, tile, or vinyl, you will probably have to pay more than you thought for materials and installation. But what makes flooring so pricey these days? In fact, the home improvement market in Canada is expected to hit over 53 billion bucks by 2023, and flooring is a big chunk of that.
So why is flooring so expensive?
Well, there are a few reasons. One is that flooring materials and labor are in high demand, especially after the COVID-19 pandemic, which made people spend more time at home and want to make it nicer. Another is that flooring materials and labor are also getting more expensive, because of the supply chain issues and labor shortages caused by the pandemic. A third reason is that flooring is a huge industry, and most of it is controlled by big-box stores that can charge whatever they want. They make it easy for you to shop for flooring, but they also make you pay more than you need to.
Technology has not changed much for the hardwood flooring process. Unlike other flooring materials that can be made with machines and artificial materials, hardwood flooring still depends on natural wood and manual work. This makes it more pricey than other options that can use automation and mass production. For example, luxury vinyl plank flooring can look and feel like hardwood, but it is much cheaper and easier to install because it is made of plastic and snaps together with a clicklock system.
Lumber prices have gone up. The price of lumber has gone up a lot in recent years due to various factors such as tariffs, wildfires, pandemic-related problems, and increased demand. This affects the cost of hardwood flooring as well as other wood products such as furniture, and decking.
So, what can you do if you want new flooring without spending too much money? Well, you have some options. You can shop around for different flooring types and brands, and see which ones offer the best quality and durability for your budget. You can also look for smaller or local flooring businesses, which might have lower prices and better service than the big-box stores. And you can think about the long-term benefits of getting new flooring, like how it can make your home look better, feel more comfortable and be worth more in the future.
Don’t let the high cost of flooring stop you from creating your dream home. Contact us today and let us help you with your flooring project.
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