Categories: Roofing

Budgeting a Roof Replacement: What You Need to Know

A new roof can strengthen your home’s defense against harsh weather and outdoor elements. It can make your indoor spaces easier to heat and cool, helping you save on energy bills. Another thing it can do is boost your property’s curb appeal, which is beneficial when you decide to list your home in the future.

Aside from careful planning, choosing high-quality materials, and hiring a reputable contractor, you must set a realistic budget for your residential roofing project. Read on to learn more.

What Can Influence the Cost of Your New Roof?

Your Roof’s Structure

The larger and more pitched your roof is, the more it will cost to replace it. Residential and commercial roofing systems with complex designs might take longer to install. If your roof has protrusions like chimneys, dormers, and skylights, they can also affect your project’s duration and overall cost.

Materials

Asphalt shingles are among today’s most popular roofing options due to their appeal, durability and cost-effectiveness. The price of this material can vary depending on style, quality and manufacturer. Higher-quality roofing products do not only look more attractive, but they also last longer and offer better weather protection.

Labor

Your roof’s size and structure as well as your preferred material, will determine the labor cost. Do trees surround your home? If so, your contractor might need additional equipment to access your roof. They might also need more time to complete the project if your roof is difficult to access.

While highly trained and experienced contractors might charge more, you can expect them to do the job right the first time. Reputable residential and commercial roofing professionals usually work with leading manufacturers. It means they can offer you comprehensive warranties.

Permits

Sometimes, you need permits for major home improvements, such as roof replacement. A reliable local roofer will know which documents you need to obtain before construction starts. They will also help you secure them. The cost of permits could depend on your home’s size or location.

Cleanup

Reliable professionals will not leave your property unless it is clean. Your contractor should include disposal costs on the estimate if they will be handling the cleanup. Ask your roofer about them if not stated on the bid.

Roof Replacement Budget Tips

Schedule an Inspection

What is the condition of your current roof? The only way to know is to schedule a professional inspection. Experienced roofers will thoroughly assess the system to determine if additional repairs are necessary. They will also check your attic to find out if it needs better insulation or ventilation and look for signs of water intrusion.

Obtain Multiple Estimates

Are you replacing your roof for the first time? Get an idea about your project’s cost by getting at least three estimates from different residential roofing companies. Experts strongly encourage finding local contractors for your roof replacement. Companies from your area are easier to reach and can respond to your needs faster. You can call them or visit their office for concerns or issues.

Moreover, ask your friends, family and neighbors for roofer recommendations. Once you have a list of candidates, do your research, check portfolios and read reviews online. Also, ask your potential roofers for proof of license and insurance. Think twice about hiring a contractor who refuses to provide this information.

Besides price, you must consider the experience and expertise of your prospective contractors when comparing estimates. The brands they partner with and the warranties they offer also matter. Work with professionals specializing in your chosen material to ensure efficient and quality work.

Choose the Right Material

Beauty matters, but it is not the only thing you should consider when choosing a roofing material for your home. Your location should also influence your decision. Materials made to withstand your local conditions will perform better. You want your new roof to last long, so invest in the best quality products within your budget.

Asphalt shingles are popular because they are cost-effective and available in various styles and colors. However, if you are looking for an option that can help you save on heating and cooling costs, consider metal roofing. This material can help you enjoy up to 40% savings on your energy bills. It can last for at least four decades with proper installation and maintenance.

Allocate Funds for Unexpected Costs

One thing you should have when starting any home improvement project is a contingency budget. You want to set aside around 10% to 20% of your estimated roofing cost for surprise expenses. It will save you from stress and lengthy delays when something unexpected happens during construction.

Professionals often discover rot, mold growth and other moisture-related problems while tearing off old materials. They must address these problems before installing your new roof to ensure it lasts long. With a contingency budget, you will have the means to deal with these issues.

Consider Your Project’s Timing

The time of year you schedule your roof replacement can affect your project’s cost. People often have roofing work done during the warmer months. You might have to pay more and wait longer during peak seasons. On the other hand, you might be able to score great deals and have your roof replaced in no time if you schedule your project when contractors are not that busy.

Besides the weather, you should consider your future plans when scheduling your roof replacement project. Are you also redoing other areas of your home? Do you have family members or friends who are visiting soon? Are you thinking about going on vacation? Be sure your roofing project does not get in the way of your plans to avoid stress.

Roof replacement is a significant investment. That is why at Deschutes Roofing, we’re dedicated to delivering superior materials and craftsmanship. We are here to help with your asphalt shingle and metal roofing needs. Our experienced team also specializes in gutter installation, attic insulation and snow removal. Call us at (541) 313-5944 (Bend), (503) 967-9590 (Portland), (541) 246-6860 (Eugene), (503) 468-7663 (Lake Oswego) or (503) 928-8750 (Beaverton). You can also complete our online form to request an estimate.

Carlos Simpson

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