Should You Build Now or Wait? What Every Washington Homeowner Needs to Know About Construction Costs in 2025
Cost is always a concern for a homeowner in 2025. Knowing whether or not to purchase, build, or wait is something that requires a lot of thought and research. Many homeowners are facing the rising cost of homes and materials versus the long-term value.
In this article, we will break down the real issues with buying versus building for the Pacific Northwest market, the different scenarios you might find yourself in, and missed opportunities on your own land. It’s time to build smarter, not harder. Protecting your investment has never been more important.
Why Timing Your Build Matters in 2025
Knowing when to build a barn, custom shop, or barndominium in 2025 is an important first step to take. Whether you need time to save money or start spending, the cost of construction seems to be on the upward trend. Materials cost more than ever before, but the value at the end of the project always seems worth it.
According to Construction Dive, the cost of materials like steel, lumber, and concrete is going up. The current rate is about 9.7% per year. That means that building sooner rather than later is a better deal when it comes to materials.
Furthermore, tariffs and import restrictions have been a hot topic of debate. Prices could temporarily see an increase, especially on materials like lumber and steel. This could increase material prices by another 5-7%. The goal is to avoid a pricing cycle where rates and tariffs affect your bottom line. Locking in a solid price now is the ideal situation to be in.
Current Prices for Key Building Materials in the PNW
While looking at current prices for key building materials in the Pacific Northwest, it’s important to know that these prices can change in the blink of an eye. Keeping a close eye on materials is a good way to know if the time is right to buy. Some areas have stabilized and may continue to do so.
Framing Lumber
The current prices for lumber average around $424 per 1,000 board feet, as stated on NAHB. This price is up over 13% since last year. If the builder you use sources lumber from Canada, you might also feel your wallet open more. Canadian lumber tariffs range from 14%-30%.
Steel and Metal Roofing
Based on data from BuildingsGuide, metal building kits land between $24-$43 per square foot installed. We saw steel prices jump up 11% in 2024.
Concrete and Cement
Concrete comes in as the most stable material on the list, with even a slight year-over-year decline. This little ray of light might be seen, but hardly enough to offset the rising cost of other materials.
What This Means for Your Backyard Build
If building a pole building of any kind has been on your mind, the rising cost of materials can directly impact your project. Even a short-term delay might set you back thousands in material costs. Waiting on your project is not an ideal situation to be in at the moment.
Furthermore, material pricing remains unpredictable. Many builders recommend having a 5-10% contingency added to your quote. This buffer can help absorb the sticker shock of a price increase due to inflation, tariffs, etc.
Tips to Save Money in 2025
No homeowner wants to break the bank with a new build in 2025. A smart approach to saving and building can leave you with a valuable piece of property. Even small changes and tweaks can help save thousands. Let’s explore some ways to keep dollars in your bank account.
Pre-Order Materials Early
Locking in material costs right now can save you from future price hikes. With inflation and tariffs being unpredictable, locking in a price now can be worth it.
Bundle Materials & Labor
A local builder will have the experience to bundle together materials and labor. Their prices will likely outmatch anyone. Their approach can reduce delays and give you a more accurate quote.
Be Flexible with Finishes
High-end wood or composite siding might bump up the price. Look at ways to reduce your costs through flexible finishes.
Include a Budget Buffer
Reduce surprises by building a budget buffer. Prices still may shift, but having a buffer makes the final result a lot easier to swallow and limits your project from halting altogether.
Final Thoughts: Should You Build Now or Wait?
It is always an exciting time to fantasize about a new building on your property, but it seems that turning those dreams into reality sooner rather than later is a good thing. Prices of materials seem to only be on the rise, so locking in now is a smart plan.
If you are in the Pacific Northwest looking to lock in the right price, call Quality Structures One today: (509) 727-2525. You won’t be disappointed.