Homeowners Be Aware of Rising Remodeling Costs

If it seems like everything is costing more these days, it’s not your imagination. From soaring gas prices to rising grocery bills, the pandemic and the war on Ukraine are impacting consumers’ pockets in more ways than one. 

In the remodeling industry, we’ve seen homeowners renovating their properties more than ever before, but those projects are coming at a price. The US Census Bureau reports that construction materials are up 17.5 percent year over year from 2020 to 2021, the highest increase in a single year since the 1970s. Everything from lumber to concrete to metal is costing more and prices aren’t expected to drop anytime soon. 

Let me give you an example. An average-sized 1,600 square foot house would need roughly 50 sheets of new plywood for a roof. That plywood would cost a contractor a little less than $20 per sheet before the pandemic. Today, the price is nearly $50 per sheet. That 40 percent increase isn’t a cost that a contractor can simply absorb. Some of it has to be passed down to the customer.

Wood isn’t the only commodity where prices are exploding. Russia is a major producer of copper and aluminum, which have seen price surges of 33 percent and 25 percent respectively year on year. Then, of course, there are issues with getting the materials where they need to go. Pandemic-triggered worker shortages are causing massive delays in logistics as companies struggle to find truck drivers. 

Let’s not forget the price of fuel. The average cost for a gallon of gas in the U.S. hit a record of $4.17 a gallon earlier this week, breaking a previous record of $4.11 that had stood firm since 2008. Here in Connecticut, the average price per gallon is $4.36, the eighth highest in the country. Prices were already going up before the invasion of Ukraine, but costs are now skyrocketing as the oil industry rejects crude from Russia.

So when do we think things will level out again? Truth be told, not anytime soon. The U.S. is still struggling with a worker shortage and materials are slow to get into warehouses due to shipping delays and material scarcity. Work is getting done, but at a higher cost and a slower rate than we are used to. My advice? Plan to be patient, have a little flexibility and be sure to hire a reputable professional for any project you’re considering around the house. 

Bob O'Donnell is the owner of O'Donnell Bros, Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro”. All questions may be considered for publication. To contact Bob for your remodeling needs, call O'Donnell Bros, Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.

Asphalt Versus Metal Roofs

When thinking about a new roof, finding the right contractor, negotiating the best price, and deciding on the color and style are just a few of the options to navigate. But in the past, one thing homeowners often didn’t have to think about was the material, as asphalt roofs have been the most popular choice in our area for their cost-effectiveness and durability. But recently, metal has begun increasing in popularity. While metal roofs are more common in areas of the country with more extreme weather conditions, it’s always good to know about the different options available. So let’s take a deeper dive into the pros and cons of asphalt and metal roofs to help you make the best decision for your home.

The Asphalt Roof

Asphalt is the most popular choice with homeowners for a variety of reasons, but the single most important factor is almost always the price. The average cost to purchase the materials for an asphalt roof is nearly one-third of the cost of a metal roof. That cost differentiation gives asphalt the leg up almost every time. In addition to being the more cost-effective option of the two choices, there is a lot to love about asphalt. Individual shingles give a homeowner lots of color and design choices, and they are faster to install than a metal roof, often taking just a few days of labor. While most asphalt roofs come with a 30-year warranty, they are easy to repair if damaged, and a small section can be replaced without having to get a whole new roof. The material also performs exceptionally well in the rain, heat, sleet, and snow.

Of course, there are a few negative aspects of asphalt roofing that homeowners should be aware of. If you’re installing a new asphalt roof, I always recommend removing the old roof before installing new material, which does add to the labor cost. Another negative factor is the chance that mold, mildew, and algae will grow if a roof is shaded and stays damp for long periods of time. Also, while our Connecticut weather isn’t as severe as other parts of the country, very high winds can loosen shingles if they aren’t installed properly.

The Metal Roof

Even though they aren’t as common in our area, metal roofs have some very attractive qualities that make them worth considering. Firstly, the material is lighter than traditional asphalt roofs, and the metal sheets can often be installed right over regular asphalt as long as it doesn’t have water damage or rotten plywood underneath. Metal roofs also last longer than asphalt roofs, and maintenance is minimal. Mold and mildew cannot grow on metal so if you live in a damp area with lots of shade, this might be a worthwhile benefit. Another plus is that metal roofs are energy efficient all year round, helping to keep the house cooler in the summer and warmer in the winter. Plus they perform very well in areas with very high-level snowfall.

Of course, there are a few cons that homeowners should be aware of, and the biggest one is cost. While metal roofs do last longer, the upfront cost can be three times as much as an asphalt roof. Additionally, if a metal roof needs to be repaired, that will also cost more as metal roofs are made in sheets and need to be replaced in that way. From an aesthetic perspective, metal roofs do come in different colors, but there aren't many more options in terms of design and aesthetics. Finally, it’s important to know that without the proper plywood installation and insulation, metal roofs can be noisy, which might not be a con for people who love the sound of rainstorms.

No matter which material you use, it’s important to do your research to find the best product for your individual home. The right roof with the right contractor at the right price will ensure that you live comfortably with peace of mind for many years to come.

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit http://www.odonnellbros.com. Advice is for guidance only.