31 Oct Replacing An Old Roof? Here’s How You Should Budget
People are often unable to afford replacing an old roof and often put it off for a later date. This can increase the cost of a roof replacement the longer you wait. To help you determine how much it would cost replacing an old roof, the first thing you should do is to find out the estimated cost.
First, find out how much the roofing material is going to cost. The cost of replacing your roof will depend on what type of roofing material you choose. For the roof’s repair, you could use the same type of roofing material as your existing roof.
To determine the right rate for you, consider the cost of the material as well as the time that you will be living in your home. Asphalt shingles are the most affordable roofing material. Recycled rubber, clay tiles and metal, as well as wood shingles and slate, are all more expensive options. Three-tab asphalt shingles last for between 15 and 20 years. Slate can last 50 to 100 years.
Your roof’s square footage will also impact the cost of replacing an old roof. Measure the area of your roof using a tape measure. Multiply the measured lengths and widths to calculate the area of each plan. To calculate your roof’s total area, simply add the square footage from each plane.
Get price quotes from at least three professional roofers to compare the prices. These roofers may need to know the area of your roof in order to calculate the cost. Ask them to provide you with a written estimate detailing all costs, including the cost of the material and the time it will take replacing an old roof. Get the labor and material costs separately.
Select A Contractor
After you’ve compared prices and selected your roofing contractor, it is time to plan the budget. Add 10 percent to the estimated price of your chosen roofing contractor to account for any unexpected costs. Divide this number by the amount of time you have to complete the project.
If you need to replace an old roof with a $18,000 one, for instance, you will need to find a way of getting $3,000 per month. If your monthly income is less than your expenses, you will need to either make more money each month or reduce your monthly expenses.
Postpone the urgent roof replacement and save your vacations. You can use public transport to get to work or a bike, save electricity by reducing the time you use your thermostat and stop subscribing to other monthly services like cable TV, magazines, and phones. Reduce other monthly expenses and redirect income toward your roof.
Up to the amount required to cover the roof, all savings should be used to fund your roof savings. Side jobs can be a great way to increase your monthly income. It will be well worth the roof you are installing. To track where your money is going, keep track of every expense as you go about your roof replacement project.
Contact Kennedy Roofing And Carpentry
Kennedy Roofing has the experience and expertise to replace or repair your roof with quality materials and excellent craftsmanship. We have been family-owned and operated for over 40 years.
We service a multitude of areas in West Central Florida including:
- Anna Maria Island,
- Plant City,
- Apollo Beach,
- Brandon, and Seffner,
- Longboat Key,
- North Port,
- Port Charlotte,
- Punta Gorda,
- Sun City Center,
- Tampa Bay,
- Lake Whales, and all points in between!
All our roofs are backed by a 15-year leak-free guarantee, the highest in the industry. Our Owens Corning shingle roofs are backed by a 50-Year Platinum Warranty that includes materials and labor. While most of our business is residential, we also handle commercial roofing projects. Check out our 5-star reviews and be sure to contact us today for your free quote!