The Benefits of Starting Your Construction Project Today
- Carlos Herrera
- Feb 20
- 3 min read
If you’ve been thinking about starting a construction project—whether it’s a new home, commercial build, or renovation—you might be wondering if now is the right time. With economic uncertainties, fluctuating material costs, and interest rates on the rise, it’s understandable to hesitate. However, delaying your project could actually cost you more in the long run. Here’s why starting your construction project today is the smarter move.
1. Material Costs Are Always Rising
The cost of construction materials has been on an upward trend for years. Lumber, concrete, steel, and other essential materials fluctuate based on supply chain disruptions, inflation, and global demand. Even though prices may dip occasionally, the overall trend is an increase over time. Waiting even a few months could mean paying significantly more for the same materials.
What This Means for You
Locking in material prices now could save you thousands.
Avoid unexpected price surges due to supply chain issues.
2. Labor Shortages Could Delay Your Project Further
Skilled labor in the construction industry is in high demand, and many contractors are booked months in advance. As the demand for new housing and commercial spaces grows, so does the competition for experienced builders.
What This Means for You
Starting now secures your spot on your contractor’s schedule.
Waiting could mean longer delays or difficulty finding quality workers.
3. Interest Rates and Financing Costs Could Go Higher
If your construction project requires financing, consider current interest rates. The Federal Reserve has been adjusting rates to combat inflation, and there's no guarantee that rates will go down anytime soon. Even a small increase in interest rates can make a big difference in your total project cost.
What This Means for You
Locking in financing at today’s rates can save you money over time.
Waiting may mean higher borrowing costs, making your project more expensive.
4. Real Estate Values Continue to Appreciate
If your project involves building a new home, rental property, or commercial space, keep in mind that real estate prices are continuing to rise. The longer you wait, the more expensive land and property values become, making it harder to maximize your investment.
What This Means for You
Building now allows you to take advantage of appreciation.
Delaying could mean paying more for the same property down the road.
5. Energy Efficiency and Sustainability Upgrades Pay Off Sooner
New construction techniques and materials are more energy-efficient than ever. By starting your project now, you can take advantage of energy-efficient systems that lower utility bills and increase your property’s value.
What This Means for You
Installing solar panels, high-efficiency HVAC, and better insulation now leads to long-term savings.
Delaying means missing out on potential tax incentives and energy savings.
6. Avoid the Rush of Peak Construction Season
Spring and summer are the busiest times for construction projects, meaning higher demand for contractors, materials, and permits. Getting started now—before the rush—gives you an advantage in securing resources without delays.
What This Means for You
Less competition for contractors and permits.
Faster project completion without peak-season bottlenecks.
Start Your Project with H&M Building Services
At H&M Building Services LLC, we understand that timing is everything in construction. Whether you’re planning a new build, remodel, or commercial project, we can help you navigate the process efficiently and cost-effectively.
Don’t wait—contact us today! Schedule a consultation and get started before costs rise even further.
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