How to Prepare a Roof Replacement Budget

A new roof can be a significant investment, but meticulous budgeting can help you manage the costs. The roofing contractors at Ken Morton & Sons shares some tips on how to prepare a budget below. 

Have a Contractor Inspect Your Roof

We only recommend getting a replacement if the damage to your roof is extensive. If it’s only minor damage, it’d be more cost-effective to have it repaired. The only way to know the true extent of the damage is to schedule an inspection. 

If your roof only needs minor repairs, ask your contractor about its remaining estimated lifespan. Doing so will help you plan a budget ahead of time. 

Pick the Right Kind of Roofing Material

If your roof needs to be replaced, ask your contractor about which roofing material is most suited to your area’s climate. After all, you’d naturally want your new roof to last just as long as your old one, if not more. This piece of info will also be crucial to maximizing the ROIs on your new roof. 

You’ll also need to strike a balance between cost and aesthetics. A good chunk of your ROI comes from an enhanced curb appeal. Traditional materials, like wood, have a timeless aesthetic. But to maintain that visual appeal, they need a lot of upkeep. 

Slate, on the other hand, also has a timeless aesthetic and needs minimal maintenance but has a premium price. We suggest informing your contractor about your priorities, so they can recommend a material that meets all your needs. 

Keep in mind that your roof is just one of the factors that determine your curb appeal. Worn or damaged siding will likely diminish the appeal of your new roof. To help protect your ROI, it will also be a good idea to inspect your exterior and conduct siding repair if necessary. 

Compare Estimates 

Once you’ve got a good idea of the roof’s current condition, collect and compare estimates from contractors. Remember, cheaper isn’t always better. Less experienced contractors usually offer lower rates. However, they’re more prone to making costly installation errors. If you’re making a significant investment, like a new roof, it’s better to hire a more experienced contractor. 

Here’s another tip: some manufacturers, like GAF®, offer extended warranties to roofing systems that were installed by certified contractors. As such, hiring a GAF® Master Elite™ roofer can give you better value for your money.  

Ken Morton & Sons is a GAF-certified contractor.  To get a free quote, call us at (856) 582-8800. Or leave us a message on this form. We serve homeowners in Woodstown, NJ.