As we step into 2024, homeowners and builders who are eyeing TimberTech for their decking projects need to brace for a notable change: a price increase. This shift in TimberTech’s pricing isn’t occurring in isolation; it’s a reflection of several broader economic factors.
Here’s a look into what’s driving this change and how it impacts your decking decisions.
The Influencing Factors Behind the Price Hike
1. Inflation: A Global Challenge
Inflation has been a buzzword in recent years, and unfortunately, it continues to affect various industries, including the decking material market. The general rise in prices means that the cost of producing and selling TimberTech decking is also going up.
2. Cost of Raw and Recycled Goods
TimberTech decking is known for its durability and eco-friendliness, partly because it incorporates recycled materials. However, the costs of both raw and recycled goods have escalated. This rise is due to increased demand for these materials and the more expensive processes involved in sourcing and recycling them.
3. Transportation Costs: The Fuel Factor
The decking industry isn’t immune to the fluctuations in the energy sector. With gas, oil, and diesel prices remaining high, transporting goods – from raw and recycled materials to finished products – has become costlier. This increase in transportation cost inevitably trickles down to the consumer level.
What This Means for Consumers and Builders
Planning and Budgeting
If you’re planning a decking project, it’s crucial to factor in these increased costs. Budgeting more for your TimberTech decking will be a wise move in 2024, ensuring that you’re not caught off-guard by the rising prices.
Contractors need to be careful handing out estimates in the early season as homeowners delay on signing a contract. When you go to place your TimberTech order you might find the prices are higher then when you quoted the job.
Exploring Alternatives
While TimberTech remains a top choice for many, it’s also a good time to explore other decking materials. Consider alternatives that might offer a better cost-benefit balance for your specific needs and budget.
Long-Term Investment
Despite the price increase, remember that investing in quality decking like TimberTech can be a wise long-term decision. Its durability and low maintenance can save money in the long run, making the initial investment worthwhile.
Keeping an Eye on Market Trends
Stay updated with market trends. Prices can fluctuate, and there might be seasonal promotions or discounts that you can take advantage of.
How to Save on TimberTech Decking
AdvantageLumber.com is a national TimberTech dealer with 4 warehouses strategically located throughout the Unites States. This allows us to purchase large quantities of TimberTech decking and ship it direct to your home or job site.
In preparation for the 2024 TimberTech price increase we stocked up our inventory in our four warehouses for the 2024 decking season early and purchased a larger quantity than we did in 2023. This allowed us to save before the price increase and we intend on passing that savings on to our customers.
If you want to save money on your TimberTech decking you should get your order in early. Once we sell out of our 2024 inventory or need to replenish certain product lines it will be at the higher prices.
Conclusion
The price increase for TimberTech decking in 2024 is a reality shaped by multiple global economic factors. As a consumer, staying informed and adapting your budget and choices accordingly is key. Remember, investing in quality decking is not just about the initial cost but also about long-term value and enjoyment of your outdoor space.