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Former executives from Casper and Rent the Runway teamed up to create Block, a company that tackles the nightmare of home renovation.
By coordinating every aspect of a remodel from start to finish, the company hopes to save homeowners time, money, and effort.
Block - Phase - Renovations - Areas - Kitchens
Block's first phase is limited to bathroom renovations, but it plans to expand into other areas, including kitchens.
The company said its packages cost around 25% less than the New York average, while delivering magazine-worthy results.
Anyone - Home - Nightmare - Pipes - Budgets
Anyone who's renovated a home knows it can be a nightmare. Pipes tend to burst, budgets run over, and workers occasionally run out on an unfinished project.
By far one of the worst elements is coordinating the endeavor from start to finish. Between securing the necessary permits, hiring an architect, and teaming up with a contractor, the process is almost always an uphill climb.
Cost - Study - Home - Renovation - Network
Then there's the cost to consider: A recent study from the home renovation network Porch found that, on average, homeowners save for six months to finance a renovation. Those earning $50,000 a year tend to set aside 10% of their income — and that's assuming a job will go according to plan.
In New York City, that's often not the case. The city's Department of Consumer Affairs found that residents issued $1.5 million in fines, and more than 1,100 complaints, against contractors in 2017 alone.
Koda - Wang - Customer - Officer - Rent
For Koda Wang, the former chief customer officer at Rent the Runway, the process seemed "bewildering."
"Homeowners are facing a super-expensive, high-stakes, irreversible decision when they finance a renovation," he told Business Insider.
Company - Block - Renovation - Process - Step
His new company, Block, aims to simplify the renovation process by handling each step and reducing the amount of time and money it takes to perform a remodel.
Wang's co-founder, Luke Sherwin, is part of the five-person team that created Casper, the online mattress company that's now valued at around...
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