Homeowners and builders are always looking for new ways to increase the value of residential structures. One way to do this is to introduce an all-wood roof and complementary siding. No matter what type of materials you plan to use for your project, it's important to note that an updated roof and siding will be a significant investment for your property. If you're in the market for new installations, it still makes sense to continue your endeavors even with current lumber costs.
The Need for Roofing Replacements
A residential roof can last several decades with care. However, if you notice leaks inside or broken shingles on your property, correcting the problem right away can help you prevent further damages to your structure.
Replacing a wood roof in 2021 is a fantastic way to improve your home's resale value, and most homeowners are surprised to find that new wood shingles can protect a home for 30 years or more. Scheduling a roof inspection with a trained professional will help you determine if a roof replacement is the right move for you.
Why Are Lumber Prices Going Up?
Lumber prices have been rising recently due to global increase in demand and low supply, as well as natural disasters and the COVID-19 pandemic. Industry professionals saw a 300% jump in lumber prices since April 2020. However, homeowners looking to redo their roof and siding might not notice this increase, as it's most noticeable across large-scale construction projects.
The Future of the Lumber Market
The COVID-19 pandemic makes the lumber market somewhat unpredictable, but experts expect that as restrictions lift globally, the cost to produce and transport lumber will lower. Roofing prices are still competitive in 2021 to satisfy the demand from homeowners, especially new homebuyers. Now that home mortgage rates have dipped to historical lows, installers have to keep their wood roofing prices down to compete in a fast-moving industry.
Reasons to Install a Wood Roof in 2021
Installing a wood roof is an excellent way to distinguish your home from others in the neighborhood. Wooden shingles give you complete control over the design of your roof, which can help draw attention if you choose to sell later. Natural wood finishes give your home a coastal and rustic feel that homebuyers seek in numerous parts of the country.
Some of the main benefits of replacing a wood roof in 2021 include the following:
Wood shingles come in all different colors.
Cedar shingles resist warping and lifting.
Wood roofs can be treated for fire resistance.
Contact Custom Shingles for a Roofing Estimate
Custom Shingles is based out of Lake City, Florida, and we'll make your project look like a work of art. We specialize in the creation of cedar, wallaba, and teak shingles for all architectural layouts. Have us source the materials for your upcoming project, and talk to us about having our professionals install shingles or shakes for you.
For pricing information, complete a form online to get an estimate for our work today.