How Rising Material Costs Impact Roofing Costs?

Roofing prices have noticeably increased over the last year. Roofing 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 make sure you get quality even with material costs increasing.

Why Are Material Costs Increasing?

Lumbar costs have reached an all-time high recently and are responsible for an additional $24,000 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, and some even more, roofing contractors will be expected to pass this increase to their customers. The recent pandemic has put a strain on many industries. The supply chain of products and materials has been affected in terms of availability and cost. For the roofing industry, 30% of all materials are imported from China and an additional 20% from Mexico or Canada. The pandemic caused factories in China to close and the ripple effect of this can be seen in pricing increases to manufacturers, and customers.

How You Can Get Value Despite of Rising Costs?

Roofing contractors will have to pass along some of the materials price increase to their customers or 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 Costs Are High?

There are a few things you can do to keep your house looking good in today’s market on a budget. 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 needs repair or improvements, you don’t want to hold off. This could result in serious and costly damages. 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.

Transparency with our customers is important to us and we want to continue delivering value and quality. Costs may be rising but we will never compromise our work. If you have repairs or roofing replacement needs now or in the future and are concerned about the process, call us today. We will come up with a solution to keep your roof in good shape so it will keep you safe through this challenging time.

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