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Floor decoration prices gradually appear
The cost of floor decoration is on the rise, with more than 10% increases already observed. “This is just the beginning,†said Qu Chuanliang, a 41-year-old tiler, who told reporters that his team received two renovation orders shortly after the Lantern Festival. “Prices are a bit higher than last year.†He added with a smile, “Per square meter, the cost has gone up by about $1, and daily wages have increased by 10%.â€
According to industry sources, not only labor costs are rising, but raw material prices have also seen a slight increase. For example, the price of sheet metal has been fluctuating.
From a flooring decoration company, it was reported that the spring renovation season has started to show signs of a small peak. Since the start of the lunar new year, the company has received over a dozen renovation orders. Daily customer inquiries have gradually increased as well. While labor and building material prices have risen by an average of 10%, some flooring companies have not yet raised their prices. Industry insiders suggest that those planning to renovate this year should take advantage of this opportunity to get quotes.
“I heard that renovation costs would go up last year,†said Ms. Wang. “I placed an order before the end of the year, and now the workers are working on my floor. They told me that prices have gone up.â€
With rising labor and material costs, are decoration companies raising their prices too? When reporters asked four different companies, the responses were mixed. Some have not yet announced price hikes, while others are still evaluating the situation. Many homeowners are worried that the spring renovation season could bring higher costs.
However, one flooring company’s representative said, “We haven’t been affected by the increase in raw materials because we have our own warehouse and have stocked up on materials for years. We can guarantee stable pricing for now. However, we may adjust our quotes in the near future.â€
Industry insiders recommend that the spring season is the best time for home improvements, as many decoration companies offer special promotions. Although some companies have not yet increased their prices, the rising costs of labor and materials are expected to impact them significantly. Therefore, those planning to renovate this year should consider signing contracts sooner rather than later to save money.
“The trend of rising prices in flooring and home improvement is clear,†said a representative from a flooring company. “Orders are more favorable in March.†With the introduction of the "Code for Quality Acceptance of Residential Interior Decoration Projects," the home improvement industry is facing stricter regulations, forcing companies to improve their standards. This will likely lead to higher costs for materials, labor, and management.