- What is causing insulation installation prices to rise.
- Why now is the best time to get the work done.
- How much you’ll pay when you wait 6-months, 12-months, or longer.
Waiting to have your insulation fixed, will be a costly mistake.
Prices continue to go up monthly.
If you wait a few months or years you will pay more than you’d pay now.
Aren’t prices supposed to go down?
With technology products, prices often go down. Solar, for example, as tech improves, it gets cheaper. You are paying for the tech. Solar cost per KWH drops about 5% per year.
Solar is 50% cheaper now than it was 10 years ago.
HOWEVER, with insulation, you are paying for raw materials and labor. Both have been increasing for years.
Each year, with the National Association of the Remodeling Industry (NARI), we bring in economist Mark Sprague to review the last year. He also gives projections for the next year. The same theme repeats itself each year in Austin. We are told how…
Austin construction LABOR costs are rising about 1% per month.
At Stellrr have found that to be true as well. We are paying about 50% more for labor than we were 4 years ago. I see no end in sight.
Want to wait 6 months to accept your insulation proposal? Add 6% to the current estimate for labor. Waiting 12 months? Add 12% for labor.
What about the cost of materials?
Since 2017 the cost of insulation materials has increased on average 2.5% – 5% per month. Usually insulation contractors are given price increase notices quarterly.
Stellrr pays DOUBLE what we paid for MATERIALS in 2017.
This is across the industry, our friends who were getting the materials at the same prices we did in 2017, are paying the same amount we are today.
So yes, if you got a quote from us a while back, the prices now are more than they were. This is why NOW is the time to take action.
When is the best time to have your insulation fixed?
It is like planting a tree…
- The best time to do it was 10 years ago.
- The second best time was a few years ago.
- The third best time is NOW.
If you are reading this, I suspect you agree that the work needs to be done. Great! But you are considering waiting because A. you don’t have the money right now, or B. you’re not sure this is where you should put your money right now.
To help you get some perspective of the Return on Investment check out this chart…
In time, you will pay enough in higher utility bills to have fixed your home, but you will still be uncomfortable. If you are going to be paying for for it, you might as well get enjoy a more comfortable home and the long term savings.
The longer you wait, the more expensive it will be to fix your insulation.
- You will have overpaid utility bills longer
- Insulation installation costs will continue rise
- You may overwork your HVAC and have to replace it sooner (and with a bigger unit than needed if your house were sealed and efficient)
Here is happens when you wait:
- 6-Month Delay. Let’s say you wait 6 months from now. Well you can add 6% – 12% to the cost of your project. In 6 months, our labor costs will have risen, as well as our cost of acquiring materials. Every couple months we have to pass along the price increases to our clients.
- 12-Month Delay. Add 15% – 25% To the current estimate at a minimum.
What does this mean?
You can wait 12 months to get the money and pay 15% to 25% more for the project than you would today. Or, you could finance the project now at 6% interest, start saving on your bills, and get everything fixed at the current prices.
If you are going to be paying for the work regardless, isn’t now the best time to do it?
Here is what to do next…
Approve Estimate & Pay Deposit Here:
I look forward to working with you!
Shawn A Mansur, Founder & Author at Stellrr