Kitchen Remodels In 2009 Economy - Remodeling - Contractor Talk

Kitchen Remodels In 2009 Economy

 
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Old 01-20-2009, 01:10 PM   #1
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Kitchen Remodels In 2009 Economy


I own a company that builds custom cabinetry and offers a full remodeling service. Last year was a record year for us as far as kitchen remodels. Going into 2008 we were a little concerned about the economy with the housing market at a standstill, because a majority of our cabinet sales goes to new homes.

With that being the case our kitchen remodel sales went through the roof. I just wanted to open a discussion on how everybody foresees 2009 being with the economy the way it is now.

The floor is yours! Thanks for any input.
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Old 01-21-2009, 10:38 AM   #2
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Re: Kitchen Remodels In 2009 Economy


We started on two basements this month and have another to start in March. We are also trying to finalize plans and specs for a 4th but can't say it is ours yet. I am happy with the start as long as things keep moving.

With interest rates as low as they are, we are seeing more and more people refinancing and renovating as opposed to trying to sell and move. As long as interests rates stay where they are and the stock market does not hit 5000, I think remodeling will be strong this year.

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Old 01-21-2009, 12:31 PM   #3
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Re: Kitchen Remodels In 2009 Economy


Where are you located? I know certain areas fell worse than others.

I had not had a single call for a kitchen remodel in 6 weeks. Although, bathroom remodels have picked up since Nov.
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Old 01-21-2009, 05:29 PM   #4
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Re: Kitchen Remodels In 2009 Economy


Last year only 4 kitchen remodels, Right now on a house that should take through next year. But we may have some down time with the mechanicals. It would be nice fill it with one or two.
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Old 01-21-2009, 05:29 PM   #5
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Re: Kitchen Remodels In 2009 Economy


Our January has been good so far. We picked up a kitchen remodel on January 2. We have another kitchen bath remodel we picked up back in Oct that we are just now getting to. We start trade shows in 2 weeks which usually generates a lot of sales. I am eager to get on the show floor to see what this year entails. Thanks for the input. I hope everybody has a great year.
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Old 01-22-2009, 09:48 AM   #6
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Re: Kitchen Remodels In 2009 Economy


Definately seems to be picking up a bit. Got solid leads on about 5 projects to bid on in the next 6 weeks, and a lot of the projects that were put on hold from aug-dec 08' seem to be kicking back in. It is still tough to say about the rest of the year, but for a company like mine it only takes 1-2 jobs to have a successful year. (1-3 million avg. cost of a project) So we are extremely optomistic at the thought of bidding on over 10 projects in the next 8 weeks.

Either way it is going to be our best year ever or our worst. I tend to think the glass is half full!
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Old 01-25-2009, 08:11 PM   #7
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Re: Kitchen Remodels In 2009 Economy


we havent had a ton of projects to bid, but we have had a better rate of success in getting them and havent changed any prices or anything so im not to concerned.
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Old 01-25-2009, 09:01 PM   #8
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Re: Kitchen Remodels In 2009 Economy


Quote:
Originally Posted by BattleRidge View Post
we havent had a ton of projects to bid, but we have had a better rate of success in getting them and havent changed any prices or anything so im not to concerned.
Always be concerned
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Old 01-25-2009, 09:04 PM   #9
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Re: Kitchen Remodels In 2009 Economy


Well theres "Wheres the next job coming from?" concerned, and theres I wonder if my truck will sell before my mortgageis due concerned. But Im am signed out with contracts for a few months so Im really not that concerned. Just lucky I guess.
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Old 01-25-2009, 09:10 PM   #10
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Re: Kitchen Remodels In 2009 Economy


I guess i just worry, i'm busy for the next year or so, and i'm still concerned. I guess thats why i've not been without work for 13 yrs.

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