Roofing project costs vary from one situation to another, but one thing’s certain: you need to budget for them wisely. Planning your roofing budget takes a lot of consideration to avoid making a hole in your savings.
Materials will account for most of your roofing budget, but you ought to include the costs of labor and permits into the equation. Otherwise, you can’t prepare your finances for the job.
Say No to Allowances
Allowances are line items in the estimate yet to be determined. To come up with the bid, a roofer would use certain numbers as placeholders. But since there’s a broad range of price points for different roofing components, there’s a great chance that you wouldn’t get an accurate estimate if you leave some things to chance. Sort out everything from the start to receive an itemized bid for the job.
Avoid Last-Minute Changes
Change orders can affect not only the project’s timeline, but also its overall cost. They’re sometimes inevitable, but try to avoid them as much as possible.
Have a Buffer
Experienced roofing contractors would attest that budgeting with contingencies is paramount. Ideally, you should reserve one-fifth of your total funds for any additional necessary work.
Pay in Installments
Taking out an interest-free loan can make your roofing project more manageable. Not only will it break what you owe into smaller payments, it can also give you access to costlier products that you otherwise can’t afford.