Top 4 Ways to Plan and Pay for a Roof Replacement

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Whether you’re planning to get a new roof to make your house more visually appealing or require an unplanned roof replacement, one thing is sure. A roofing project often presents a significant financial investment. If you’re lucky, you’ll only have a few big roofing projects as a homeowner. With that in mind, you should never go into such a significant venture completely unprepared. With over forty years of experience in the industry, we’ve mastered the art of roofing. On this page, we’ve singled out the four most important things you should know to correctly plan for a roof replacement.

1. Calculate Costs When Planning a Roof Replacement

The first thing you should do during the preparation process is to calculate all of the significant expenses. Roofers base the price on the square footage of your roof. They measure the surface in squares, with each square equaling 100 square feet. The larger the surface of the roof, the more you’ll pay for roof replacement. Luckily, calculating this part of the project is relatively easy. You simply need to obtain the contractor’s prices and know how large the surface of your roof is, and you’ll have a ballpark price for your project.

That said, another important factor you should consider when calculating the cost is the price of materials. From tile and metal to asphalt shingles, there are quite a few options you can choose from. 

Asphalt shingles are the most commonly used type of roofing material in residential buildings. This is mainly because of their excellent combination of price and quality. They come in several variations, which impact their quality and durability.

By having a rough estimate of how much the project should cost, you can avoid getting scammed by roofers who are only out for your money. If you have this plan set for several months before the project itself, you’ll also be able to save up more cash and avoid having to rely on other payment alternatives.

2. Consider Other Important Factors Impacting the Price

Calculating the cost of the project based on the amount and type of material needed is reasonably straightforward. What most homeowners don’t consider is there’s a multitude of other factors that can influence the total cost of the roof replacement project. The first factor you should take into account is the cost of labor. Each roofing company charges different rates. If you’re not thorough in research, you can end up overpaying for labor rates.

Another factor that can impact the price of the project is your location. In line with this, if you live in a remote area, your roofing contractor might also charge you a disposal fee to rent a dumpster for the old roof.

Even the time of year in which you do the project can significantly impact the price. For example, having your roof replaced during winter or spring will cost you less money than if you schedule it for the fall. This is because the fall is the busiest time of the year for roofing contractors. This is especially the case in hurricane-prone areas, such as Florida.

At the end of the day, if the budget plays a significant factor in your decision-making, maybe you should wait for the right time. If your roof doesn’t require immediate replacement, you can save a bit of money by waiting a few months to replace it.

3. Choose a Payment Option While You Plan for a Roof Replacement

So, you’ve already planned out everything we addressed above. Now it’s time to decide how you’ll pay for the roof replacement. According to Home Advisor, the average roof replacement or installation ranges between $5,000 and $10,000.

Naturally, most homeowners prefer paying for a roof replacement in cash. It’s simple, straightforward, and doesn’t draw many other overhead expenses and additional fees. If you have enough money in the bank to pay for a new roof, it’s always best to go that route.

The replacement costs can vary significantly depending on the shape of your roof. Having this in mind, sometimes the replacement price can be higher than expected, and you may have to look for other payment options. If you’re looking for additional roofing payment alternatives, you can choose between:

  • Homeowner’s Insurance — If you have good homeowner policy coverage, you might get your insurance company to pay for your new roof. Check your insurance and contact your agent, as this could cover the costs of your entire project.
  • Roofing Company Payment Plans — While not all roofing companies in Florida offer payment plans, some roofers offer different roof financing options to meet your specific financial needs. With a little research, you’ll find a low-interest deal with a repayment plan that best suits your budget.
  • Bank Loans — As with all major purchases, loans are a viable option if you have a good credit history. You can even consider taking out a home equity loan to fund for your roof replacement. Just make sure to do the necessary research to make an educated decision and choose the best option.

4. Find a Reliable Roofing Company

When investing in a new roof, you’re investing in the future. You want to get the most out of your money and have a stable and durable roof over your head for decades. Go with a trusted and reputable roofing company you can rely on. Avoid door-to-door roofers. Make sure to invest a bit of time into researching the company before you go any further.

Finding the right roofing partner will ensure you get the quality and lasting roof you want. At Code Engineered Systems, we’re committed to providing our customers with top-quality roofing services at affordable and budget-friendly prices. From residential to commercial roofing, we provide premium roofing services across Florida and the Tampa Bay Area. Our friendly and experienced roofing professionals are always happy to help.

Call us today at 813-373-9088. Or contact us through our simple online form and get a free price estimate for your roof replacement.

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