5 Easy Steps to Budgeting Your Roof Restoration Costs
If you’ve lived in your home for quite some time, it may look a little worse for wear. Not only does it look worn out, but it also may not be as safe and energy efficient as it as before. So it may be time for you to renovate your roof.
By reading this article, you’ll find out the roof restoration costs to expect when you want to redo your roof.
How Much Does Roof Repair Cost?
Generally speaking, roof repairs can cost anywhere between $200 to $3,000. For a complete roof replacement, you can expect to pay anywhere between $5,000 to upwards of $15,000, depending on a number of factors.
As you can see, there’s such a huge discrepancy between low and high ends of estimates, which can make it hard for you to budget for your roof renovation. Below are 5 easy steps to budgeting your roof restoration costs so you can get a better idea of what you’ll be spending.
1. Account for the Basics
No matter which roofing contractor you choose, they’ll always have basic things they’ll charge you for: inspections and permitting, materials, labor, and waste disposal.
We’ll go into each area into detail below.
Inspection and Permitting
Before they can give you an accurate estimate, a contractor needs to inspect your roof first. While inspections usually cost money, many companies will waive the fee if you hire them for the job. So you might want to keep the contractor hopping to a minimum when you’re in the inspection phase.
They may also need permitting; this depends on the area you’re located. Be prepared to shoulder this cost.
Obviously, your contractor will need to buy new materials for your roofing project. Depending on the material you choose, it’ll either be cheap or very costly. If you want to keep costs down, pick asphalt and stay away from slate.
Labor costs will depend on how big your project is and how many people work on it, plus their experience. You may want to ask your contractor ahead of time how many people they plan to have on the job and approximately how much it’ll cost so you can budget for it.
Your contractor will need somewhere to properly dispose of all the waste from the project. You’ll probably need to rent a dumpster and pay the contractor some disposal fees.
2. Know How Much Repairs Cost on Average
Different types of repairs will have varying price tags attached to them. If you know the ballpark of how much a contractor’s going to charge you, then you’ll be able to budget for repairs better.
Here are the average costs for roof repairs depending on the type of roof you have.
- Leaks: $200 to $450
- Blow-offs: $190 to $350
- Blistering and splitting: $100 to $400
- Ponding water: $300 to $500
- Shrinkage: $400 to $1,200 (depending on damage)
3. Be Aware of Hidden Costs
As with any type of project, unexpected surprises will happen. Here are some of the major ones you need to be prepared for.
Updates to Meet New Regulations
If your house is quite old, you have a higher chance of this hidden cost rearing its head. In the decades that you’ve owned your home, building codes may have changed. If they have, you’ll need to spend extra money bringing it up to code.
A plus side of this hidden cost is that your home will be more energy efficient afterward, which means you can save on utility bills and reduce your carbon footprint.
Discovery of Pests or Mold
While in the process of renovating your roof, pests or mold may be discovered. Since both can be bad for your health, you need to take immediate action to get rid of them before more work can be done.
If you have leaks, it can be contributing to any mold problems you’re having in your home. It can also cause wood to rot, so you may have an added expense of replacing the wood.
4. Consider the Time of Year
Typically, roofing contractors will charge more in the spring and summer; this is because demand for repairs will be high. Not only that, but it may be harder to schedule an appointment since their schedules will be full.
If your roof’s not in bad shape and you need to tighten the belt on your budget, consider waiting in the off-season of fall and winter. It’ll be easier to book an appointment that better suits your schedule, plus it’ll be cheaper. You may even find some discounts during the off-season that you definitely wouldn’t get in the spring and summer.
5. Speak with Your Contractor
If you already know who you’re going to hire, be upfront about what your budget’s like and what your expectations are. Your roofer will know their services like the backs of their hands, so they’ll be able to tailor their service to you so you won’t have any financial surprises.
It’s always a good idea to have a good relationship with your contractor since communication is vital. If they hit any bumps in the road, you can then trust them to be transparent about them. Plus, since you have a good working relationship, they’ll also do their best to remedy the situation as quickly as possible.
Account for All Possible Roof Restoration Costs
The best way to go about your renovation project is to account for all possible roof restoration costs. The thing that always gets people are hidden costs; if you know what they are and plan for them, then you’ll be ready for them financially should you get hit with those costs.
Hopefully, by reading this article, now you know what those hidden costs are so you can come out on top. And if you those hidden fees are less than you thought, then you’ll save on your roof restoration costs and you’ll have more money to remodel other parts of your home!
Do you need a professional roofing company to help you with your roof restoration project? Then get in touch with us!