Of the 20% of small businesses that fail in their first year, over half indicate that a lack of money is the reason. That’s why you need to know how much to set aside for maintenance costs. If you own commercial buildings, you may need to tackle anything from HVAC repair to roof replacement.
Start building a maintenance budget now. Read on to learn how much it will really cost to hire a commercial roofer!
How Big is Your Roof?
The square footage of your roof will impact the cost of replacing a roof. For a roof that is over 20,000 square feet, you may be able to score some bulk discounts on materials. Otherwise, you can expect to pay up to $10 per square foot for new roofing materials.
On top of that, you may need to pay for the removal of existing materials. Stubborn old roofs will require more time and money to pry loose. Additionally, you’ll pay for transportation to move the materials offsite.
While a total price that closes in on six figures may be intimidating, don’t overlook the savings that come with replacing a roof. You’ll decrease air leaks and improve insulation. Replacing or repairing a roof translates to more efficient energy use and lower utility bills.
Further, a roof that is trickier to access will ratchet up the prices. In some instances, your best bet might be to look into repairing a roof. Visit this page to learn about your options.
Consider Types of Roofing
Metal roofing can cost up to $10 per square foot, making it among the more expensive types of roofing. But a corrugated metal roof can handle snow and rain, and it can last around 40 years.
A single-ply membrane roof is a blend of synthetic materials that costs less than $5 per square foot. An economical choice, this type of roof can last around 30 years. Its durability and appealing cost make it a common choice on commercial buildings.
With labor and materials, you could spend over $100,000 on a commercial roof covering 20,000 square feet. This cost also takes into account mileage, old roof removal, and warranties.
Warranties Impact Cost
When you go to the trouble of hiring a roofer, you’ll want a warranty to go with the results. A product warranty from the manufacturer is the cheapest option. This will provide a term of coverage for materials, but you’ll probably pay for any labor.
Extended warranties may cover both workmanship and materials. Just be aware that these warranties may require that a certified roofer handle the installation according to the manufacturer’s instructions.
A contractor’s workmanship warranty will cover errors during installation. It will cover labor and materials, but it won’t cover damage resulting from inclement weather. This may be a lifetime policy, but you’re better off going with the best contractor so you don’t need it!
Hire the Best Commercial Roofer
A commercial roofer plays a critical role in keeping your business secure and attractive. When replacing a roof, factor in the materials and scope of the project. And look at the warranties before you sign a contract.
Find more tips to keep your business secure. Check back soon for new articles!