Why PolySteel is Less Expensive than Conventional Framing
Many homeowners make the mistake of calculating the cost of their new home using the total cost of the construction project. Unfortunately, this line of thought is misleading. Compare the following example:
| Wood Frame | PolySteel® | Compare | ||||
| Total Cost to Build1 | $150,000.00 | $157,500.00 | $7,500.00 | |||
| 90% Mortgage2 | $135,000.00 | $141,750.00 | $6,750.00 | |||
| 10% Down Payment2 | $15,000.00 | $15,750.00 | $750.00 | |||
| Monthly Mortgage | $898.16 | $943.07 | $44.91 | |||
| Homeowner Insurance3 | $50.00 | $42.50 | ($7.50) | |||
| Heating/Cooling Costs4 | $85.00 | $34.00 | ($51.00) | |||
| Total monthly costs | $1,033.16 | $1,019.57 | $13.59 Less | |||
1. The national average is a 5% cost increase for PolySteel over wood construction. 2. 90% financed over 30 years with 10% down at closing. 3. Many insurers are now recognizing the benefits of PolySteel construction and are offering up to 25% discounts on homeowner's insurance. We calculated only a 15% saving in this scenario. 4. Homes built with PolySteel are recognizing as much as 80% savings on heating and air conditioning costs. We calculated this scenario using only a 60% factor. |
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It is important to compare monthly dollar amounts of cost between Wood Frame and PolySteel. This more accurately represents actual costs of building. At the end of the first year, costs incurred with PolySteel are only $586.92 more (taking into account the additional down payment2 amount) than building with wood. However, by the second year, savings are more than $163.00 and every subsequent year, savings will likely increase due to rising utility costs. By building with PolySteel, you could save more than $7,500.00 with utility cost increases during the mortgage period. This scenario only addresses the financial benefits of building with PolySteel. Your family will also enjoy a quieter, safer, and an environmentally friendly home that will appreciate at a higher rate than a wood frame home.