Getting a new commercial roof can be expensive, but you can also save money in the long run if you do it the right way. Working with a reputable, innovative roofer will yield the best outcome. Here are keys to effective budgeting for a new commercial roof.
When Will You Need a New Roof?
There are eight major reasons why roofs fail and need to be replaced. One of the most common reasons involves improper equipment installation or repair. Environmental reasons include buildup of debris, blistering, cracks and water. Other reasons include disconnected flashing, pitch pockets and leaky seams.
It’s always a good idea – for the sake of comfort and budgeting – to fix leaks as soon as they are discovered. If your roof has multiple leaks or is several decades old, consider a complete replacement. A new modern roof will ultimately contribute to energy savings.
How Much Will Your New Roof Cost?
You should work with your trusted roofer to determine roofing costs. Whether you are fixing up your commercial property to sell or enjoy for many years of comfort, it’s best to aim for durability. Your property will command a higher price value and a pattern of lower maintenance.
There’s no question you should only work with an experienced roofing team. Trusting a roofer at a lower price could cost more in the long run if their installation cuts corners. You need a professional with the proper tools, training and skills. It’s also crucial the contractor is certified and insured.
Cost factors will be affected by material and labor quality. Working with your roofer on a plan for either maintenance or replacement will help you protect your investment for a long time to come.
Planning for Inflation
On the surface it may seem difficult to plan for inflation as prices can fluctuate in uncertain economic times. But applying the annual inflation rate can help clarify where prices are going. In recent years the inflation rate has hovered between 1.5 and 2.5 percent. Keep in mind that various economic factors of supply and demand can affect inflation rate.
Having a roof evaluation is an important step when deciding what type of solution will work best for your commercial property. Then you and your roofer can decide how long maintenance and repairs are your best option and about when you should be considering a replacement. This will help you put a plan into place for your roof budget. Damschroder has served commercial roofing clients for many years through up and down economic cycles. Due to this experience, our roof evaluation can help you discover low maintenance solutions that protect your pocketbook from future inflation. Contact us at Damschroder Roofing to learn more about your options for ending up with the best possible long-term roofing solution.