
Tariffs Got You Worried? Here’s How to Keep Your Construction Project on Track
In today’s time, the economy is fast changing. With the market being uncertain, planning a construction project can feel overwhelming while considering these economic factors. Whether you’re building a new home, starting an office project, or planning a renovation, it’s completely normal to feel uneasy. One of the biggest challenges builders and clients are currently facing? Tariffs.
What are Tariffs?
Tariffs are government-imposed taxes on imported materials like steel, aluminium, and lumber, which are core essentials in most construction projects. With tariff increase, these materials can get more expensive than they used to be. Tariffs directly raise the cost of materials imported from other countries. Imported steel and aluminum can cost up to 20-30% more than they did a few years ago. Materials affected by the tariff can also become harder to acquire, with import restrictions and limited domestic supply, the delivery of materials can be delayed, which can cause unforeseen delays on your project schedule.
But here’s the thing: you can still build smart. With the right approach and the right builder.
How You Can Stay Ahead
Plan Transparently
A good build starts with a solid plan. Having a clear and transparent plan that includes a realistic budget and realistic timelines will help avoid unwanted surprises along the way. When you’re transparent during the planning, your builder can provide you with the most accurate estimations, helping you prevent unexpected additional costs down the road
Be Flexible with Design and Materials
Design flexibility doesn’t mean sacrificing your vision; it simply means staying open to alternatives. You can decide to swap out certain materials with more affordable options without compromising the quality or the aesthetics. Don’t hesitate to ask your builder for suggestions or alternatives that align with your goals and budgets.
Lock in Pricing Early
If you’re considering building soon, the best move is to start now. Suppliers may still have current stocks that are not affected by the recent tariff increase. If you’re thinking about building soon, the best move is to start now. Many suppliers still have stock purchased before the most recent tariff increases. Securing materials early allows you to lock in lower prices and avoid future cost hikes or supply shortages that could delay your project.
Build in Phases
You don’t have to do everything all at once. Phased construction can be a smart and budget-friendly approach. It allows you to spread out the total costs over time, you can prioritize critical work first, and schedule the rest when it’s more financially convenient.
Partner with the Right Builder
With today’s unpredictable market and rising material prices, building can feel overwhelming, but partnering with the right builder makes all the difference. The right builder will offer the best options available, help you find the right pricing, and guide you in planning and decision-making every step of the way.
Build Smart, Build with JJ's Builders
At JJ's Builders, we’re not just here to build for you, we build with you. Don’t let these economic challenges disrupt your dream project. We are by your side, helping you make smart decisions every step of the way. Let’s bring your vision to life.
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