With the current financial year coming to a close soon, now is the perfect time to remind those looking to paint their properties to lock in those contracts soon.
The start of a new financial year potentially means an increase in the cost of paint. This price hike can make a dramatic difference in the overall cost to Paint your property.
Price Increase Cases
Tas Moulis, owner of QPaint is no stranger to the price increase of paint every year. He often warning clients in advance of impending changes as it can quickly blow out the budgets of painting works.
On average, the cost of paint increases by around 4% every year. This means that owners who are looking at painting can potentially see an unwelcome price increase.
“It’s not easy and it definitely puts the pressure on both the painter and client”, Moulis said. “We inform all our clients about potential price increases, but it still blows out the budget for property owners. Be mindful of any price increases and allow extra room in your budget for these changes” says Moulis.
A friendly advice
To avoid any potential complications when it comes to budgeting for painting, it is recommended from QPaint to extend your budget by a further 5% to cover any potential increases in Paint.
Moulis advises property managers to discuss the potential rise in paint prices this year. In order to prevent any complications and nasty surprises when it comes to upcoming Painting projects.
The increase in painting prices come as an increase for the materials needed to manufacture Paint increase in demand in developing countries.
