Steel Building Inflation Costs
July 27, 2022 | Blog Roll
Don’t Let Inflation Get You Down!
We’ve all experienced the effects of inflation when shopping for gas, groceries and even building materials. Rising prices and inflation rates may have you asking…should you put your metal building project on hold?
It is not uncommon to fear buying a steel building in today’s market, but rest assured – pre-engineered steel buildings have long been, and continue to be, both economical and sustainable.
Steel, or metal, is a commodity, and it does fluctuate alongside market demand and the Consumer Price Index. As you consider material costs when setting a budget for your building, keep in mind that there are other expenses, too, that factor into your steel building’s final price tag.
For example, foundational costs, construction costs and costs associated with maintenance all come into play and may vary to some degree from one steel buildings manufacturer to the next. Yet, even after factoring in all of these variables, pre-engineered steel is still one of the most economical construction options out there. Here are some of the reasons why:
Pre-Engineered Steel Buildings Offer an Inflation Resistant Return-On-Investment
Current, higher interest rates might be a deterrent for consideration of a loan. However, over time, the loan payments do not change, and as equity grows, the fixed payment stays the same. In general, interest rates are still low.
Investing in any sort of real estate, whether a metal building or a home, is a hedge against inflation.
Real estate diversifies an individual’s investment portfolio. As rates rise, the value of the metal building is likely to rise as well.
Ease of Construction
As labor challenges continue and supply chain and stagflation woes persist, a metal building remains a cost-efficient solution when compared against tilt-up, concrete or wood construction.
The hard work occurs at the steel building company’s factory, and then the metal building manufacturer sends the components pre-drilled and prefabricated to length, with pre-counted hardware mitigating the time and cost of additional field work.
The average lead time for engineering and manufacturing a Sunward Steel Building is between eight and 16 weeks. Job site prep can take place as Sunward designs and manufactures your building, and then erection efforts can start the day it arrives onsite. When fabrication and prep work take place simultaneously, it results in lower costs for you.
If you have a need for a steel building, there is no better time than the present to fulfill that need.
A Sunward Steel building is not only an economical and smart investment, but also one that’s value will grow exponentially over time.
Sunward Steel Buildings, Inc.