Budgeting for a New Roof: Tips and Things to Consider

A new roof can benefit your home in more ways than one. This project will boost your curb appeal for up to 40 percent. With a brand new system, you can help minimize conditioned air from escaping your home, meaning your HVAC equipment doesn’t need to work as hard to keep you cozy. As a result, you save on your monthly utility bills. Moreover, today’s roofing materials do a better job of withstanding damage from the elements and harsh weather conditions. 

However, you must prepare for the cost of your roof replacement project. Get some tips on budgeting from a trusted residential and commercial roofing expert. 

Roof Replacement Budgeting Tips

Start With a Plan

You should consider a roof replacement if your roof is more than 15 years old. To make a more accurate budget, outline your roofing project. Take note of your roof’s size and pitch, your home’s structure, permits and contractor costs. 

Get a Professional Inspection

Getting a roof inspection from a professional residential roofing contractor is your next step. Your roofer can determine if the system only requires repairs or a complete replacement. 

Choose the Right Materials

Materials make a significant portion of your roofing project. You must already have a roofing material in mind before calling contractors for an estimate. 

One of the most popular materials today is asphalt shingles because of its appeal and cost-effectiveness. However, you can also go for metal roofing, which is now available in a wide range of colors to complement every home. Many homeowners are gravitating toward this sustainable material because of its energy efficiency. Other popular roofing options include tile and wood shakes. 

Obtain Estimates

Asking for at least three estimates can give you an idea about the cost of your project and also help you choose the right contractor for the job. Make sure that the quotes include both material and labor costs. Your prospective contractor should tell you about the duration of the job. Moreover, don’t select a roofer based on who has the lowest price. Your decision should depend on who has the best reputation, services and products.  

Save Money for Your Project

If you don’t need an immediate roof replacement, obtain estimates, and save money over the next months. People will advise you to follow the one percent rule or saving at least one percent of the value of your home each month. Experts suggest planning at least two to three years in advance, so you’ll have time to save monthly. Review your finances and let go of necessary expenses and other things that can help you save money for your new roof quicker. 

Set Aside Emergency Roofing Funds

When getting a new roof, always expect the unexpected. Your residential roofing contractor may discover problems with the structure underneath the shingles while tearing them off. They would need to repair these issues before proceeding to the actual installation. It helps being prepared for surprises like this. Save at least 10 percent of your total project cost for unexpected issues. 

Hire a Reputable Roofer

You can make the most of your roofing project by hiring a skilled contractor. A properly installed roof lasts longer and less likely to experience problems a few years after installation. Reputable local roofers are knowledgeable about the codes in your area and obtaining necessary permits for your project. At Deschutes Roofing & Insulation, you can count on us to complete your project promptly. We also work with the leading manufacturers in the industry to provide you with superior products and services. 

Be Aware of Hidden Roof Replacement Costs

Besides material and labor, other things can affect the total cost of your project. Make sure that you are aware of these added expenses, preventing surprises at the end of the job. If you live in an older home, the more you need to be ready for unexpected costs.

Dealing With Water-Related Issues

Mold and mildew growth is a common problem in humid parts of the country. You must get rid of these growths before your residential or commercial roofing contractor installs the shingles. Another problem that often goes unnoticed until the old roofing material has been torn off is leaks. By the time you’re getting a new roof, these leaks may have already caused rot in the wooden components of your roof, such as the rafters. If the wood replacement is necessary, this can immediately add to the cost of your project. 

An improper roof design can cause water-related issues, as well. Water traps are a usual problem that homeowners are not aware of until the contractor removes the old roof. They refer to areas that are susceptible to leaks because of runoff areas that divert excessive water to one location. These spots tend to cause premature shingle or siding deterioration. When your roofer discovers that you have them, expect the cost of getting rid of them to increase your roof replacement budget. 

Putting Your Roof Up to Code

If your home is decades old, your contractor would likely need to bring your roof up to code. Doing so can improve your home’s energy efficiency, helping you save on your heating and cooling costs. While this can benefit you, it will add to the price of your roof replacement. 

Roof Upgrades

Many consider a roof replacement as an opportunity to boost their home’s value and curb appeal. While planning your project, you may realize that some components of the roof may also need replacement. For instance, you may want to switch to a more durable and low-maintenance gutter material, improve your roof ventilation, or go for a more durable kind of roof underlayment. If you have any upgrades in mind, make sure to discuss them with your contractor to have an idea about possible added costs. 

Whether you have a tile, asphalt shingle, or metal roofing system, you can count on Deschutes Roofing & Insulation for your project. Call us in Bend: (541) 241-5720, Portland: (503) 967-9590, Eugene: (541) 246-6860, Lake Oswego: (503) 468-7663, or Beaverton: (503) 928-8750. You can also fill out our contact form to get a free estimate.