The Cost of Steel vs. Wood Construction

In any construction project, the cost of materials can make or break your bottom line. But what’s the best material to use for your next project? Steel or wood? 

In this post, we’ll look at the cost of steel vs. wood, how they differ from each other, and their various pros and cons.

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The Benefits of Steel vs. Wood

Lumber still costs about 80% more than it did before the pandemic, making steel a material worth considering. In the comparison of steel vs. wood, steel can be a better building material than wood in many ways, including:

  • Aesthetics
  • Longevity
  • Sustainability
  • Strength and durability
  • Cost-effectiveness

Steel is non-combustible and is one of the most robust materials available. It is also more environmentally friendly, as it can be recycled more efficiently than wood and does not produce waste material during construction. Steel buildings can be erected more quickly than wood structures, reducing construction time on average by 66%. This is because of the prefabrication of steel components which allows for a more efficient construction process. Steel buildings also require less maintenance than wood structures, as they are not susceptible to rot or termites. Overall, steel is a more durable, eco-friendly, and efficient building material than wood.

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The Lifetime Cost of Steel vs. Wood

When it comes to the lifetime cost of steel vs. wood, it’s vital first to understand the benefits and drawbacks of each material. Steel is a durable, corrosion-resistant material and can last for many years when properly maintained. However, it can be expensive to invest in steel compared to wood initially. Wood is a less expensive material and is also a renewable resource. It’s not as durable as steel, but it can last for many years with regular maintenance.

Improving your Project’s Bottom Line

When deciding between steel and wood for your next building project, consider the lifetime cost of each material. If you’re looking to save on the long-term costs of your building project, steel is likely a better choice than wood. While the initial investment may be higher, the level of durability and corrosion resistance provided by steel means that it will probably last longer than wood. Over time, this can save you money on replacement and maintenance costs. Wood is a less expensive option, but it may not last as long as steel. Ultimately, the decision comes down to your individual needs and budget.

If you are considering the environmental impact, metal buildings are more environmentally-friendly than wood. This is because they require less energy to manufacture, which means that fewer fossil fuels are burned to create them. They also cause less deforestation, as metal can be recycled repeatedly. Metal buildings have a more negligible environmental impact than wood buildings, making them the more sustainable choice.

No matter what you’re building, DR Poulin Construction can help you out with your next construction project. View our services here to learn how we can help you bring your next building to life.

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