The holidays are here, your utility bills are higher to battle the winter cold, and supply chain issues are messing with your shopping. You might think this is the WORST time to consider new windows or siding for your home, BUT Dick’s Roof Repair is here to tell you now is the BEST option you have to SAVE money!
Supply chain issue is just one of the “key phrases” of 2021, and it has become more and more troublesome throughout the year. It has affected everything from milk to toys to the cost of a new car.
Analysts, throughout the year, HAD predicted that 2022 would see improvements but, unfortunately, that is not the case. Instead, material costs and delays in manufacturing and shipping will continue to rise and will substantially affect the cost of your home’s spring project. That is why it is essential to think ahead NOW.
Advantages of new siding and windows
There are more reasons to replace your home’s siding or windows besides curb appeal, although that is not something to take lightly. The return on your investment (ROI) for your home’s curb appeal can increase perceived home value by 5 to 11%!
New siding and windows help with:
- Cost savings. Replacing your home’s siding and windows can reduce drafts, increase insulation efforts, and thus increase your home’s energy efficiency. This translates into lower utility bills. For example, you can potentially save between $126 and $465 annually by ditching your single-pane windows and replacing them with double-pane windows, according to the U.S. Department of Energy.
- Home value increases. There is the real practical benefit to new siding and windows – ROI. You can you can expect to recoup up to almost 80% of the cost of your siding.
- Advanced warning. Replacing your home’s windows and siding also gives you the opportunity to inspect your home for potential unseen issues, from leaks to mold.
In 2020 we heard a lot about lumber shortages (prices rose by 316%), but significant material shortages have moved beyond just lumber. Contractors in every industry are experiencing more and more delays on their orders. Need a new home generator? You are looking at a six-month lead time. Need concrete for a new driveway? You are looking for delays well into the future.
This same delay is affecting roofing, siding, AND windows. Although Dick’s Roof Repair works closely with our amazing vendors, there is simply not enough supply to handle the demand. Supply chain issues are now affecting every industry level, which means your spring project, if you wait to order, could become your fall or even winter 2022 project.
It is not just the Covid pandemic that caused these supply chain issues in 2020-2021. The last few years also saw a series of natural disasters that seriously affected the industry, causing shortages and cost increases. As a result, some increases in 2021 were up 22% versus the standard 1% yearly increase.
Reviewing your home’s options and scheduling your FREE estimate today could mean your new siding or windows can be installed and enjoyed BEFORE the summer heat next year.
It is no surprise to anyone watching the news these days that the cost of materials is increasing. This has been an ongoing issue throughout 2021. Dick’s Roof Repair has worked hard to keep these increases from our customers and keep costs down.
Market analysts, suppliers, and vendors alike are not anticipating this trend to change anytime soon, with shortages and delays continuing well throughout 2022. As a result, notices throughout the supply chain warning of additional increases in 2022 are a common occurrence this fall, with aluminum alone expected to increase by almost 30% in 2022.
While no one wants to entertain the idea of a cost increase and more delays, especially when it comes to home improvement, there is an advantage to knowing this now. “Forewarned is forearmed,” as the phrase goes.
With the knowledge of additional delays and increased costs in the coming future, prudent planning is critical. Working closely with your contractor now on your home’s spring plans for new windows or new siding can save you money and stress in the long run.
Homeowners looking to improve their home’s energy efficiency, curb appeal, and more next year, should start planning now. Working with the experts at Dick’s Roof Repair today can help you lock in current pricing and get your materials on order now for installation this spring.
Contact Dick’s Roof Repair for a free, no-obligation estimate on your new windows or siding project.