Future Costs of New Carpet and Installation – Forecast By “The Carpet Professor” at Carpetprofessor.com
Over the next few years, as our economy steadily recovers and the housing market continues to regain market value, I expect the prices for new carpet and flooring products and installation to increase significantly. I expect a 15% increase in most flooring product prices and a 25% increase in carpet and flooring installation costs over the next 5 years.
I believe there will be a shortage of qualified and well trained installers and that installation costs will increase as carpet retailers realize they have to pay more to retain the most qualified and reliable flooring installers. Significant increases in business expenses, liability insurance and state licensing costs, materials and supplies, home costs and basic inflation will be the main reasons for the increase in pay that will be demanded by reputable carpet and flooring installers nationwide.
Frankly, I think flooring installers have been under-paid for the past 20 years and an increase in pay is long overdue.
The Carpet Professor’s Suggestion:
If you are in the market for new carpet or flooring, I suggest you buy sooner rather than later if you want to get the best deal possible.