As we approach the new year, we do so with a lot of uncertainty about what economic conditions will look like in the coming year. If you are planning renovations, then keeping costs low is a must. With interest rates on the rise, any savings are welcome. Although we don’t have a crystal ball that tells us what dumpster rental prices in Charleston, SC will do in the months ahead, we can point out some factors that will affect how much you will pay next year and some of the reasons you might want to reserve your dumpster now!
Interest Rates Rising Will Lead to Inflation
When interest rates rise, it leads to inflation. So just about everything will have to be adjusted to make up for the higher cost of borrowing money. The dumpster rental business is not exempt from these cost increases. That means that their operation will necessarily cost more because they have to absorb the additional cost that is being put on them. No one wants to raise prices, but there is a trickle-down effect that is unavoidable.
Gas Prices Might Go Up
Gas prices shot up as a result of the pandemic, and thankfully seem to have plateaued or even come down a bit. There is no telling what the new year will bring, though. If gas prices increase, the cost of transporting dumpsters will skyrocket and that cost necessarily has to be dispersed for dumpster companies to survive. If they come down, then it is not likely that prices will drop, but it might mean a reprieve on things going up.
Lock In Rates Now
If you reserve your dumpster for the new year, even if you won’t need it immediately, you might be able to lock in a rate no matter what the economy does. Planning ahead isn’t just a great way to get the dumpster you need and the size you require; it’s also an excellent way to plan your budget. Now is the time to find out what dumpster rental prices in Charleston, SC are doing, and if you can, reserve yours now to reduce the risk of higher prices.
Limited Availability
As the housing market begins to slow, many people will opt to stay put and perhaps consider renovating rather than uprooting. Because there is such a thing as the collective unconscious, you don’t want to be vying for a dumpster amidst the rush. Dumpster prices are also decided by the laws of supply and demand, so don’t wait for the demand to go up and the supply to go down, or you could be waiting a long time for your project to begin.
As we enter into another 2023, times are more uncertain than ever before. Thank goodness the pandemic is behind us, but that doesn’t mean that we aren’t still seeing the effects of what it did to the economy. If you are planning to renovate, remodel, or maybe just clean things up, now is an excellent time to investigate dumpster rental prices in Charleston, SC. Reserving one ahead and locking in a rate might save you from waiting a long time to get one and the potential of paying way more. Contact Trash Gurl to discuss your dumpster rental needs and to reserve one today!