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Floor decoration prices gradually appear
In recent months, the cost of floor decoration has started to rise gradually. "More than 10% has gone up already. This is just the beginning. It might become more obvious in two months," said Qu Chuanliang, a 41-year-old tiler who shared with reporters that his team received two renovation orders right after the Lantern Festival. The prices are slightly higher compared to last year.
"By the square meter, the cost has increased by about $1. And per day, labor costs have gone up by 10%," Qu said with a smile. According to industry sources, not only labor costs are rising, but raw material prices have also seen a slight increase. For instance, the price of sheet metal has been fluctuating.
From a flooring decoration company, it was reported that the early peak of the spring renovation season has already begun. Since the start of the lunar new year, the company has received over a dozen renovation orders, and daily customer inquiries have gradually increased. Although some home decoration companies have raised their labor costs by an average of 10%, many flooring and decoration companies currently claim that their prices haven’t gone up yet.
Industry insiders suggest that people planning to renovate this year should take advantage of the current situation and consult now. "Last year, I heard that renovation prices would go up. I placed my order before the end of the year, and now the workers are working on my floor. They told me that the price has increased," said Ms. Wang.
With both labor and material costs rising, are decoration companies also raising their prices? When the reporter asked four different decoration companies, the response was mixed—some had not yet announced any price increases. However, many homeowners are worried that the spring renovation season could mean higher costs.
One flooring decoration company explained, "The increase in raw materials hasn't affected us because we have our own warehouse and have stocked up on materials for years. We can guarantee stable pricing, although we may adjust our quotes in the near future."
Experts recommend that the spring season is the best time for home improvements, as many decoration companies offer special promotions. Even though some companies haven't raised their prices yet, the rising costs of labor and materials will eventually affect them. It’s advisable for those needing renovations to sign contracts earlier to save money.
"The trend of price increases in flooring and home improvement is clear. Orders placed in March are more favorable," said a manager from a flooring company. With the introduction of the "Code for Quality Acceptance of Residential Interior Decoration Projects," the home improvement industry is facing stricter regulations, which will force companies to improve their standards. This is expected to accelerate the increase in raw material, labor, and management costs.
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