How to Make Sure Roof Replacement Doesn't Blow Your Budget

Having a reliable roof on your home is important in order to protect your home from water damage and other types of damage. A timely roof replacement when needed can go a long way toward keeping your home safe. If you’re concerned about cost, keep the following information in mind. 

 

Plan Ahead

If your roof is older and doesn’t have any severe damage, you have some time to work out a plan for having it replaced. During this time, you can gather information to do a rough estimate of how much this might cost. For example, consider the slope of your roof and the type of material you’re getting for your new roof.

 

Doing this initial research can give you an idea of roof replacement costs. This way, you can figure out your budget for this project well ahead of time. Keep this figure in mind when you’re getting estimates from roofing contractors. 

 

If you do this early, you’ll have time to set aside money for your roof replacement. Planning ahead helps ensure you’ll stay within your budget while also getting quality roofing work.

 

Research Roofing Materials 

You don’t have to go with the same material as your current roof. In fact, you might find that a different material offers better performance. Looking into roofing materials can help you estimate how much you can expect to spend on a replacement. 

 

No matter what your budget is, you’ll want to go with the roofing material that provides your home with the best protection. This might mean spending more upfront for a higher quality material. However, with a better material, you’re less likely to need to spend money on repairs. 

 

Factor in Unexpected Costs

Roof replacements usually go smoothly, especially when you hire a dependable contractor. However, unexpected issues can come up that could affect the overall cost of this project. For example, you might end up having rotted plywood under your roof that has to be replaced. 

 

You don’t have to worry about these unexpected costs when you factor them into your budget. When you’re determining how much to spend on your new roof, add between five and ten percent to the budget. This gives you some room to account for anything extra that comes up during the project. 

 

Gather Roofing Estimates

You should avoid going with the first estimate you get. Instead, get estimates for roof replacements from at least a few different contractors. This allows you to compare costs, such as the cost of labor or the cost of materials. 

 

When you’ve gathered these estimates, you can go over them and choose a contractor who fits your budget. Keep in mind that you’ll also want to make sure you hire the contractor who will provide you with the best quality for your roof replacement. 

 

Get Detailed Information

Looking at an overall estimate lets you know how much you’ll be spending. It doesn’t tell you what you’re spending it on, though. Make sure you get a detailed breakdown of costs with each estimate. 

 

Detailed information on your roof replacement should include the cost of materials, the cost of labor and other costs. Seeing these detailed costs can help you determine if you’re being charged fairly for materials. Keep the information you found on roofing materials in mind when looking through these estimates. 

 

Making sure you’re being charged a fair price can help you avoid going over your budget. The detailed cost information you get with estimates can help you decide which contractor to go with. This depends on your overall budget and the work quality the contractor provides.

 

Communicate with Your Contractor

When you hire a roofing contractor, communicate with them before and during your project. This can help you stay aware of how your roof replacement is going and whether or not there are any issues with it. Communicating regularly with your roofing contractor can help you avoid any last-minute issues that could increase the cost overall. 

 

Financing Options

For peace of mind when it comes to your budget, consider exploring financing options. At Midwest Exteriors Plus, we offer home improvement project financing. This option offers monthly payments and no interest when it’s paid in full in 12 months, so you can easily fit your roof replacement into your budget. 

 

This financing option can help you out when you need a roof replacement done right away, such as if you have extensive damage from a storm. Instead of being at risk of damage to your home’s interior with a roof that’s in bad shape, you can invest in a new roof now. 

 

If your home needs a roof replacement, please contact Midwest Exteriors Plus today. Our roofing experts provide superior service in the Twin Cities area for roof replacements, repairs and installations.