Will Cabinet Costs Fall in 2022?
When it comes to kitchen remodeling, it’s no secret that the cost of cabinets can be a major deterrent. However, given the current pandemic and its economic impact, many homeowners are wondering if prices will fall anytime soon.
Unfortunately, experts believe it is unlikely. The main reason is that supply chain issues are affecting not only cabinets but also other building materials. Furthermore, there are labor shortages across the country, which means businesses must pay more for workers. All of these factors contribute to higher prices, which are unlikely to fall any time soon.
So, if you’re thinking about remodeling your kitchen, be prepared to budget accordingly – chances are, you won’t be able to find any good deals on cabinets. However, there are plenty of other ways to save money during a remodel (such as doing some of the work yourself), so don’t let the cost of cabinets prevent you from having your dream kitchen.
A Look at the Current State of Cabinet Prices
Cabinet prices are rising due to a variety of factors, including rising raw material costs, increased demand for cabinetry, and a skilled labor shortage. Because of the current state of cabinet prices, many homeowners are forced to choose between quality and affordability when purchasing new cabinets.
One of the primary reasons why cabinet prices have risen in recent years is the rising cost of raw materials. Lumber prices, for example, have more than doubled since 2015, while plywood prices have also increased significantly. These price increases have been passed on to consumers in the form of higher finished cabinet prices.
Another factor contributing to the rising cost of cabinets is the increased demand for cabinetry. As more homeowners renovate their kitchens and bathrooms, they are turning to custom and semi-custom cabinetry to achieve the desired look. Because there are simply not enough workers to meet the demand for new cabinets, the limited supply of skilled labor is also contributing to higher prices.
What Are Experts Saying About Cabinet Prices in 2022?
Experts predict a slight decrease in cabinet prices in 2022, which is a positive outlook. This is due to the ongoing trend of manufacturers shifting production to lower-cost countries, as well as the increased use of lower-cost materials. However, cabinet prices will continue to rise, so homeowners should expect to pay more for their new kitchen than they would have a few years ago.
Other Things to Consider When Shopping for Cabinets
Aside from price, there are a few other factors to consider when shopping for cabinets. Here are some things to consider:
Cabinet Material: What type of material do you want for your cabinets? There are several materials to choose from, including wood, laminate, and metal. Each has advantages and disadvantages that you must weigh.
Cabinet Style: Do you have a preference for the style of your cabinets? There are numerous styles available, ranging from traditional to modern. Before you can narrow down your options, you must first decide on a style.
Cabinet functionality: What do you require from your cabinets? Some cabinets are purely decorative, while others are functional. Before making a purchase, consider how you intend to use your cabinets.
Cabinet Installation: Do you intend to install the cabinets yourself or hire someone to do it for you? If you are unsure of your DIY abilities, it is probably best to leave the installation to the professionals.