One of the greatest challenges of managing roofing replacement and other home improvement projects is keeping it on budget. It requires a great deal of planning, some patience and expert tips from your trusted home improvement contractor, including the following:
Don’t Lose Sight of Your Needs – It can be overwhelming trying to choose from so many options, but don’t lose sight of why you’re remodeling. Before you schedule a consultation, make a list of what you need your project to accomplish. For instance, ask yourself why you’re buying a new roof.
Be Familiar With the Average Costs – Several factors affect your project cost. With roof replacement, for example, your choice of materials and accessories can affect the cost, especially if you’ve decided to switch from one roofing type to another. Window replacement likewise changes price when you select different frame or glazing options. If you have a friend who has had a recent similar remodel, ask them what the price is, and then plan your budget from there to get an idea of what to expect.
Consider Your Financing Sources – if you have at least two-thirds of the project cost on-hand, then getting the rest would be easier. Check with banks and other institutions to see if you are qualified for a financing plan for your project.
Prepare a Project Notebook – Once you get your project finances straightened out, you need a notebook to keep track of it. You can pick any kind of notebook and use it to record your ideas, clippings and cost calculations. Having all your project-related information stored in a single place makes it easier to keep an eye on your budget.
Have a Contingency Budget – A contingency (or emergency) budget should equal up to 20% of your quoted project cost and should cover unforeseen expenses, such as unexpected repair work on the wall openings for windows or perhaps some damage on your roof deck. This budget often ends up unused, but it’s always better to be prepared for such contingencies.
To learn more about our services, including new entry doors, call Roof Masters today at (888) 889-7551, or fill out our contact form to schedule a free inspection and estimate. We serve Beltsville, MD, and nearby areas.