Tariffs Impact Remodeling Costs: Effective Strategies to Save Money
Tariffs and Their Impact on Remodeling Expenses
Tariffs are pushing up the cost of materials that are frequently used in home renovation projects, leading some homeowners to reconsider fixing up their residences. Suppliers of materials, including lumber, steel, and aluminum, have already hiked prices for builders.
According to data from the National Association of Home Builders (NAHB) and Wells Fargo’s April 2025 Housing Market Index, sixty percent of homebuilders report that suppliers have either raised prices or intend to do so. They attribute these costs to the Trump administration's sweeping levies on trade partners.
Cost-Saving Strategies for Homeowners
- Pre-ordering materials before prices rise is one effective way to save on roofing supplies like shingles.
- Consult with builders and suppliers for potential discounts on bulk purchases.
Builder David Perotti, founder of Fine Home Contracting, shared his experience saving money by planning ahead. The typical price increase due to extra costs for materials can add up quickly, translating to a typical rise of around $10,000 per home renovation project, according to the NAHB.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.