There has been a noticeable increase in roofing prices over the last year. Contractors are struggling to keep up with material price increases and delays in getting materials for projects. With the right roofing company, you don’t have to worry because they will work to make sure you get quality and value even with material costs increasing.
How Rising Material Costs Affect Roofing Prices?
Why Are Material Costs Increasing?
Lumbar costs have reached an all-time high recently and are responsible for an additional $24000 being added to the cost of a property. As roofing material costs increase, this can be seen across every aspect of the roofing industry. With suppliers increasing prices by 4 to 6 percent, roofing contractors will be expected to increase their prices too. The recent socioeconomic status through the recent pandemic has put a strain on many industries. Products and materials that were frequently imported were affected in terms of availability and cost. For the roofing industry, 30% of all materials come from China and an additional 20% from either Mexico or Canada. With the recent pandemic causing factories in China to close, supply chains have been bottlenecked around the globe. The ripple effect of this can be seen in pricing increases to manufacturers, and customers.
How You Can Get Value In Spite Of Rising Costs?
If supplies and materials are increasing in price, roofing contractors will have to pass along some of this increase to their customers. Otherwise, they will go out of business. There are also likely to be delays on projects as certain materials now have limited availability. Despite increased costs, many contractors are trying to provide value to their customers. With ‘value engineering’ a contractor can use less expensive materials but maintain high-quality work and installation. We don’t want you to have to settle for a lower-quality material, so we will do our best to find a good fit for your budget and still provide a high-quality roof. If materials are unrealistically high in price, a reliable contractor will tell you to choose a different material. If they do not, you may be dealing with a contractor that is cutting too many corners and sacrificing quality.
What You Can Do While Prices Are High?
As construction costs continue to increase, there are a few things you can do to keep your house looking good in today’s market. Making minor improvements can boost the value of your home, so you don’t need to go all out. Start with small roofing upgrades that are affordable but will keep adding value to your property. If your roof is in need of repair or improvements, you don’t want to hold off. This could result in damage and more expenses. It is expected that pricing will continue to increase for the near future, so plan your repairs and maintenance out. Leaving room in the budget for repairs over time will keep your roof in good condition without breaking the bank.
We are committed to transparency with our customers and want to continue to deliver value and quality. Prices may be increasing but we will never compromise our work. If you have future repairs or roofing replacement needs and are concerned about increasing the process, call us today. We will work out the best way to keep your roof safe so we can all get through this challenging time together.