Keeping a roof replacement project within budget
Keeping a roof replacement project within budget is a challenge. By hiring the right roofing contractors and trying out the following tips, you’ll be well on your way.
Don’t Rush the Planning Stage
With the exception of emergency roof replacement, there is no reason to rush. Take time to research and consider your options before making a choice. Whether you’re looking at different color options or planning to change your roofing slope, carefully considering your options will streamline your project and help you avoid unnecessary changes.
Research the Ballpark Cost
You won’t know the actual cost of your project until roofers give you written estimates, but you can ask around and get a rough estimate of the project cost. This will give you an idea of how much financing you will need and what options are available for a certain price range. When considering the project cost, weigh the long-term benefits of your roofing choices against the cost; the right roofing choices can bring a significant return on investment.
Avoid Making Changes Once the Project Is Underway
Making changes while the roofing project is underway is the best way to blow your budget. Ideally, the only changes that need to be made during roof replacement are repairs to damage that wasn’t discovered until the project began. Anything else will delay the project, as components may have to be reordered and some of the roofing work would have to be undone, consequently increasing the project cost.
Prepare an Emergency Fund
An emergency fund is intended to cover the cost of unexpected expenses, such as the aforementioned repairs. Aim to set aside 10-20% of your total budget for this purpose.