Roof Replacement
You’ll probably never hear anyone say, “Whoopeee! I get to replace my roof!” Replacing a roof is an expense that most of us would rather put off, hoping we never have to do it at all. Of course, as a homeowner, you know that you’ll eventually have to replace your roof. Maybe you’re even one of the folks who keep throwing money into repairs, crossing your fingers in hopes that the roof fairy will come along and make the whole thing work perfectly forever. Of course, you know that’s a bunch of hooey, and eventually your luck is going to run out. In fact, exterior contractors in Duluth see this situation more than they care to think about, knowing that there comes a time when every penny put into a repair is just throwing good money after bad. So how do you know when it really is time to replace your roof? You do a cost benefit analysis of a roof replacement.
Doing a cost benefit analysis of your roof replacement is about weighing the good against the bad. Or, perhaps more appropriately, weighing the bad against the good. First, consider how much money you’ve already spent in repairs. Are you on your first repair? Then perhaps you can hold off on your roof replacement a little longer. Discuss the benefits weighed against costs with an exterior contractor in your area before making your decision. However, if you’ve already thrown money into repairs and your problems aren’t going away, it may be time to tighten your belt… and loosen your wallet. In the long run, a roof replacement will likely cost you less than the money you’ll be throwing into those repairs, especially if you live in an area that gets some extreme weather. Harsh winters, torrential rains, and even hot sun can all beat down on your roof and cause damage that repairs may not help anymore. And, if you live in an area that gets a combination of these, well, those elements are bound to conspire against you the next time you decide to slap on a quick fix.
And what about those quick fixes? Are they really costing you less money in the long run? If your local hardware store thinks you’ve recently taken stock in bucket futures, you’re probably spending more on fixes than the fixes are fixing. Seriously, are you spending an inordinate amount of time and money working around leaks inside your home? Are you beginning to notice water damage indoors that, at least, used to be confined to the exterior of your home? These are questions you need to answer, and you need to answer them now. Many roof experts agree that your return on investment (ROI) when it comes to roof replacement will be about 60 percent overall. Now, this might not sound like a lot, but if that 60 percent is being eaten up by a leaky roof that’s become a money pit, you best take your 60 percent now and run!
If you’re thinking you’d like some better numbers when it comes to ROI, consider incorporating solar panels in your roof replacement. Solar panels are an effective and efficient means of reducing your energy bills, both in hot and cold weather. A roof that includes solar panels will cost more on the front end, but the daily, weekly, monthly, and yearly energy savings are worth it, especially if you’re planning on staying in your home for a long time. Even if you’re thinking of selling after you replace your roof, you can get a good return on your investment, as solar panels can add resale value to your home. Some experts even say you can get a 100 percent return or more! Do you see now why it’s so important that you do a cost benefit analysis before you decide on a roof repair or replacement?
If you’ve spent more than just a year or two praying that your perpetual repairs will keep your roof leak-free forever, well, it might be time to face it… the roof gods have smiled on you long enough. Your roof isn’t going to last into perpetuity. In fact, it’s possible it’s seen its last effective repair. If you’re beginning to hear God’s voice telling you to build an ark and build it fast, well, your cost benefit analysis is pretty obvious ... replace or ... row, row, row!! For assistance in analyzing the cost benefit of replacing your roof versus another repair, contact an exterior contractor.
Doing a cost benefit analysis of your roof replacement is about weighing the good against the bad. Or, perhaps more appropriately, weighing the bad against the good. First, consider how much money you’ve already spent in repairs. Are you on your first repair? Then perhaps you can hold off on your roof replacement a little longer. Discuss the benefits weighed against costs with an exterior contractor in your area before making your decision. However, if you’ve already thrown money into repairs and your problems aren’t going away, it may be time to tighten your belt… and loosen your wallet. In the long run, a roof replacement will likely cost you less than the money you’ll be throwing into those repairs, especially if you live in an area that gets some extreme weather. Harsh winters, torrential rains, and even hot sun can all beat down on your roof and cause damage that repairs may not help anymore. And, if you live in an area that gets a combination of these, well, those elements are bound to conspire against you the next time you decide to slap on a quick fix.
And what about those quick fixes? Are they really costing you less money in the long run? If your local hardware store thinks you’ve recently taken stock in bucket futures, you’re probably spending more on fixes than the fixes are fixing. Seriously, are you spending an inordinate amount of time and money working around leaks inside your home? Are you beginning to notice water damage indoors that, at least, used to be confined to the exterior of your home? These are questions you need to answer, and you need to answer them now. Many roof experts agree that your return on investment (ROI) when it comes to roof replacement will be about 60 percent overall. Now, this might not sound like a lot, but if that 60 percent is being eaten up by a leaky roof that’s become a money pit, you best take your 60 percent now and run!
If you’re thinking you’d like some better numbers when it comes to ROI, consider incorporating solar panels in your roof replacement. Solar panels are an effective and efficient means of reducing your energy bills, both in hot and cold weather. A roof that includes solar panels will cost more on the front end, but the daily, weekly, monthly, and yearly energy savings are worth it, especially if you’re planning on staying in your home for a long time. Even if you’re thinking of selling after you replace your roof, you can get a good return on your investment, as solar panels can add resale value to your home. Some experts even say you can get a 100 percent return or more! Do you see now why it’s so important that you do a cost benefit analysis before you decide on a roof repair or replacement?
If you’ve spent more than just a year or two praying that your perpetual repairs will keep your roof leak-free forever, well, it might be time to face it… the roof gods have smiled on you long enough. Your roof isn’t going to last into perpetuity. In fact, it’s possible it’s seen its last effective repair. If you’re beginning to hear God’s voice telling you to build an ark and build it fast, well, your cost benefit analysis is pretty obvious ... replace or ... row, row, row!! For assistance in analyzing the cost benefit of replacing your roof versus another repair, contact an exterior contractor.