Replacing your old roof with a brand new one is a major investment for your home. However, it can set you back quite a bit when it comes to financing this important home improvement. To ensure the success of this project, make sure your finances are planned out. Local roofing company Elite Construction & Roofing discusses the following budgeting tips to keep in mind:
1. Obtain Estimates
Get estimates from several contractors to learn how much budget you’ll need. The costs indicated in each one may vary depending on your roof’s size and pitch as well as the material used. Estimates or bids that are too low could mean the contractors don’t provide adequate insurance.
2. Schedule a Roof Inspection
Find out from your chosen roofing contractor if the roof is still years away from being replaced. If possible, you could schedule yearly inspections to ensure your roof’s longevity and performance. From there, you can save up on a complete roof replacement, which could take place a few years from now.
3. Consider A New Roofing Material
Investing in a new roof means getting an opportunity to choose a different roofing material. Take the time to discover the various roofing materials, making sure you weigh the pros and cons of each. Take note, however, that options like slate or tile are heavier than typical asphalt shingles. In addition to being costly, either one could require roof deck modifications.
4. Set Aside a Budget for Contingencies
You’ll never know what unexpected issues can arise from your roof replacement project. As such, it is always good practice to set up a contingency budget on top of the estimated project cost. Consider setting aside at least 10% of the quoted price to cover issues that may need to be addressed immediately before the actual roof replacement.
Elite Construction & Roofing is your roofing contractor of choice in the area. With our Master Elite® designation from GAF, you can be sure of nothing but the best possible service, quality and protection for your investment. Give us a call at (720) 446-9633 or fill out our contact form to request a free estimate. We serve homeowners in Lakewood, Thornton, and Westminster, CO.