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The roof is a critical component of any home as it protects you and your family from harsh weather conditions and adds value to your property. Over time, roofs wear and experience tear, necessitating a replacement. For instance, asphalt shingles systems have a lifespan of around 20 to 25 years. After this period, you may need a new roof.
The US roofing market size was estimated at around USD$ 14 million in 2020 and is forecasted to reach approximately USD$ 17 million by 2025. However, despite the increase in this market size, replacing a roof can be quite expensive. A complete roof overhaul typically ranges from USD$ 6,700 to USD$ 80,000, with the average medium-sized house costing around USD$ 11,500.
Roof Replacement Tips
Fortunately, it is possible to install a new roof cost-effectively by following the tips outlined below.
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Choose a reputable roofing contractor
Hiring professional roofing contractors, like Braun’s Roofing, is vital when replacing your roof. Such experts have the necessary skills and knowledge about roofing and will guide you throughout the process to ensure you obtain the desired roof within your budget. Additionally, they’ll ensure that your project is handled extremely professionally and effectively. To select a reliable roofer, you can read reviews, get referrals, and examine their credentials.
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Utilize your insurance and warranty
Homeowner’s insurance can partially or fully cover your roof and the expenses of replacing it. However, insurance only covers roofs damaged by natural disasters such as storms and cyclones. If your roof leaks due to poor maintenance, you may not qualify for insurance coverage. If you recently replaced your roof, you can obtain warranty coverage.
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Consider your timing
Most homeowners replace their roofs during peak seasons, driving up the prices. The best time to replace your roof on a budget is during off-seasons, such as winter and spring, when most contractors aren’t busy, meaning their demand is low, and pricing is moderate.
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Create a plan and stick to it
Having a clear and solid plan is crucial when replacing your roof on a budget. Determine the type of materials that fit within your budget and stick to the plan to avoid change orders and overspending.
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Consider an overlay
An overlay involves installing your new roof over the existing one. This option saves you money as you won’t need to pay for removing and disposing of your old roof. However, overlays may not be effective on roofs in poor condition.
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Plan for the unforeseen
It’s common to incur extra costs during roof replacement projects. Set aside a percentage of your project’s total cost to offset any unexpected expenses.
Conclusion
Replacing your roof is one of the best decisions you can make. It increases the structural integrity of your home, minimizing its risk to collapse. However, roof replacement can be expensive. Luckily, with the above tips, you can save money and install a quality and durable roof cost-effectively.
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About the Author: Patricia Davis Brown
