How to Budget for a New Roof Installation

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Is it time to replace your aging, weather-weary roof? A new roof installation is a major investment, requiring careful financial planning and budgeting beforehand.

How to Budget for a New Roof Installation

If you’re wondering whether you can swing the cost of this project, here’s your comprehensive guide to prepping your wallet for every roofing material, underlayment, and flashing.

  1. Start Saving Early. When budgeting for a new roof, the most important thing is to plan ahead (if you can). Unless your home urgently needs a new roof, we recommend you start planning your finances 2-3 years in advance. Alternatively, you may set aside about 1% of your home’s value monthly, ideally in a designated roof savings account. So, if you own a $200,000 home, that equates to setting aside $2000 per month, which should be enough for a new roof installation in under a year.
  2. Consider the Roofing Materials. Next, evaluate which roofing material best suits your needs and budget. Asphalt shingles are a popular, cost-effective option, while metal roofs offer exceptional durability and longevity to justify their higher upfront price. Do your research to weigh the pros and cons of the roofing materials you prefer, considering your region’s climate and home’s style.
  3. Request a Roofing Estimate. Finally, request quotes from professional, certified roofing contractors in your area. They will measure your roof’s dimensions and outline all required permits, materials, labor, and projected costs in an official estimate for replacing your roof. And remember, providing them with in-depth details on the type of roofing you prefer will go a long way towards getting an accurate estimate.

By following the above steps, you’ll be surprised at how affordable a new roof installation can be! Talk to our roofing experts at Jacksonville Roofing USA about your planned roofing project today, and we’ll be happy to get you started with a free roofing estimate.