Price of Lumber Plummets

Since the onset of the global Covid-19 pandemic, lumber prices have been tumultuous. As the world came to a screeching halt, wood prices collapsed. However, home sales and remodels skyrocketed by summer, as did lumber prices. From supply chain issues to labor shortages, lumber has been bundled with a hefty price tag these past few years.

The Wall Street Journal reported lumber prices are at their lowest level in over two years, down over 70 percent from the peak price only six months ago. The demand for lumber has lowered due to a decrease in home sales and housing starts, which are down 13 percent from their decade-high peak in April.

Back to where the price was before the pandemic, the collapse of lumber prices is viewed by some as an indicator of a sharp slowdown in construction and a decrease in inflation. 

Michael Goodman, director of Melville, NY-based lumber wholesaler Sherwood Lumber Corporation, said, “All of the urgency over the past two years – ‘give me everything you can’ – that’s basically over. Lumberyards are not scared of the price going up.”

As the housing and remodeling market boomed in 2021, supply-chain disruptions caused lumber prices to soar to a record of roughly $1,700 per 1K board feet. 

The government recently delivered a crimp on inflation, a 75-bps rate increase, which has also affected the price of lumber. 

Federal Reserve Chairman Jerome Powell said, “We’ve had a time of a red-hot housing market all over the country. The deceleration in housing prices that we’re seeing should help bring prices more in line with rents and other housing-market fundamentals, and that’s a good thing. For the longer term, what we need is supply and demand to get better aligned, so that housing prices go up at a reasonable level, at a reasonable pace, and people can afford houses again. So, we probably in the housing market have to go through a correction to get back to that place.”

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

Remodel Versus Renovation

The competitive real estate market is forcing homeowners to rethink a lot about their homes. Home improvements can seem daunting, especially if you work remotely, and the significant material delays and sky-high real estate prices don’t help. You’re not alone if you’ve decided to invest in your current home. A 2022 United States Houzz & Home Study showed that 55 percent of homeowners plan on renovating some part of their home this year. 

While people typically see the words “renovation” and “remodel” as synonymous, there’s actually a big difference between the two in the contractor, architectural, and designer world. 

Renovations
These projects are considered cosmetic improvements that do not require altering the space’s intended purpose. For example, renovation in a bathroom might include painting or replacing cabinets, upgrading countertops, installing new light fixtures, faucets, and more. These small changes will undoubtedly have a serious impact on your space, and even increase equity in your home. 

Remodels
These ventures are set out to drastically alter the overall function of a space, such as adding a bathroom to a bedroom or removing a wall between rooms. Major structural changes in a remodel will generally cost more than a renovation due to specialized, professional contractors, permits, and designers. Remodels are beneficial for customized houses, as well. 

Whether you are deciding on a remodel or a renovation, it’s imperative to consider your home’s end goals. If you’re looking to update that old 70s bathroom, go for a renovation. If you are interested in adding an entire room, a remodel is right for you. 

If a remodel will take your budget over the limit, consider renovating in the short-term, and focus on remodeling in the long-term. Consider re-doing floors, adding new fixtures, or updating countertops. 

Are you ready to remodel or renovate your home? Whichever you decide, ensure you entrust these large jobs to professionals. Contact the experts at JFC Remodeling today to achieve the dream home you’ve always desired. 

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

Adding Sustainability Into Your Home

Want to reduce your environmental impact, reap financial benefits, improve the comfort in your home, and more? Make your home more sustainable with some ideas to make a big difference in your house’s energy use and longevity. Keep reading to learn how. 

Plants
Native plants can easily be incorporated into your landscape, where you can reap the environmental benefits. Plants naturally contribute to the larger ecosystem as a whole by providing food and shelter for wildlife and drawing in beneficial insects such as pollinators.

Lighting
When at all possible, opt for energy-efficient LED lights to lower electric bills and reduce your home’s overall energy consumption. These bulbs use between 25 percent and 80 percent less energy than incandescent. Additionally, adding switch dimmers can reduce energy usage. 

Off-gassing
Plant-based materials and low Volatile Organic Compounds (VOCs) are fantastic ways to improve indoor air quality. Off-gassing is the airborne release of a vapor chemical, especially from new products. These toxic vapors are detrimental to human health, causing many diseases. Instead, opt for products that are low in VOCs and do not off-gas for years to come. 

Local
Support local businesses and reduce your carbon footprint by purchasing materials sourced nearby. 

Recycle
Renewable resources are an easy way to add sustainability to your home. Aluminum roofing, for example, can be recycled entirely. Choose materials that are recyclable to maintain sustainability. 

Insulation
Ensure your windows and wall insulation are air-tight and not leaking air in or out of your home. By reducing leaks, you will naturally increase energy performance throughout the house. 

There are many ways to reduce your carbon footprint throughout your home while simultaneously reducing toxins throughout the premises, protecting you and your family from potential harm. 

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

Smart Kitchen Storage Design

If you are thinking of revamping your kitchen design, a few cosmetic updates might not be enough. A full-blown remodel might be your best bet…but don’t skimp on storage. Score a beautifully designed kitchen with plenty of room for storage with help from several tips below. 

Designate Cabinet Space
All the drawers and cabinets in your kitchen can probably be expanded or organized to suit your needs and tailored accordingly. For example, wide, shallow drawers can house dishcloths and utensils, while deep upper cabinets are ideal for pantry goods such as spices near the stove or oven. A quick and easy solution for lower cabinets is to install pullout systems from companies such as Rev-A-Shelf, for example.

No More Corners
Corner cupboards used as a pantry – or any type of storage – are less-than-ideal. Too often, staple pantry items can be lost in the shuffle, pushed back to the out-of-reach corner. Instead of installing a corner cabinet, try a combination of cabinets and drawers you can see – and reach. 

Expand Cabinets
Forget the bulkheads and extend your above-countertop cabinets to the ceiling. Though you might need a step ladder to reach some items, it’s a great way to store kitchen appliances or special plates you don’t use as often as others. 

Drawers & Cabinets
Cabinets are a winning solution for bulky items (as described above), but drawers are more helpful in maximizing organization for smaller items. Drawers allow you to see exactly what’s inside without clearing other objects to find the item you need. 

Spice It Up
Once you experience a built-in spice rack near the stove or oven, you won’t believe how you lived without it. Consider adding a Lazy Susan in a cupboard above the stove for easy rotation or add a specially made spice drawer (usually the length of a cabinet) that perfectly fits spice jars. These usually come equipped with rails to help ensure the seasonings stay in place.

If you’re in the market for a kitchen remodel, contact the experts at JFC Remodeling today.

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

Kitchen Renovations to Avoid

While eyeing which renovations to take a stab at, most owners choose the kitchen first since it’s the center for food prep and doubles as a social hub. Once the homeowner decides what to upgrade, they must think about the long-term benefits rather than the more obvious short-term ones.

As a guiding factor, kitchen renovations should not exceed 25 percent of the total home’s value since the homeowner will probably never receive the return on their investment. Some kitchen renovations can actually decrease the home’s value; keep reading for some examples. 

Too Personalized
Even though the kitchen is “yours” at the time of renovation, that doesn’t mean it will be someone else’s idea of “theirs” when you sell the house. Tom Satas, founder and CEO of Windy City HomeBuyer, said, “Just because you spent countless thousands of dollars on decorative ideas that you have dreamed about since you were a little kid doesn’t mean that anybody else will have the same tastes nor will most people care about what you spent. Your dream living room may look like a gut job to the rest of the world. So don’t drive yourself into debt or go overboard because the whole point of upgrading your home should be to get the money back when you sell and ultimately more.”

Low-Quality Materials
Cutting corners by using cheaper materials can be sufficient for right now, but keep in mind the future problems they might cause. The last thing you want is for your kitchen cabinets to be falling apart when you try to sell your home. Also remember that marble can easily chip, stain, etch, etc. so avoid using it.

Wallpaper Overload
Wallpaper is notoriously challenging to remove, and can turn-off potential homebuyers. Instead, opt for fresh paint and neutral colors. 

Chic Appliances
Luxurious or state-of-the-art expensive appliances can harm your home’s value; according to Kim Abrams, CEO of Abrams Roofing, “These appliances are much more expensive to maintain and repair, which will deter buyers from your home.” Also, according to real estate consultant Will Rodgers, “Smart appliances are great. But keep in mind that the tech you put in today will be outdated if you sell three to five years from now. High tech kitchens are for your convenience but will only add value if you plan to sell soon.”

DIY Work
If not professionally done, Do-It-Yourself renovations or plumbing can drastically reduce your home’s value if not performed up to code. 

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call: 810-923-1123, e-mail: jfcllc@comcast.net, or visit us at: www.jfcremodeling.com today.

Written by the digital marketing team at Creative Programs & Systems: www.cpsmi.com.