Considerations in Deciding on a Roof Replacement Project:
- Cost of project
- Durability of product replacement
- Expected service life of replacement versus existing
- Energy efficiency of what’s on the market now
The Hidden Costs of Patching Versus a Roofing Replacement
No one enjoys replacing a roof. Even with the best-priced roofing replacement, it’s a costly endeavor. But it’s more expensive to ignore a problem or to simply patch each time. For a new TPO roof project, rates start at $3 per square foot installed. That may seem like a big spread but there are many aspects that contribute to the cost. Cost factors in the exact price include:- Tear off of existing roof
- Insulation used
- Cut arounds and penetrations
- Local building codes
- Building uses and roof traffic
- Location of the leak and what’s around it
- The type of roof currently installed
- Height, pitch, and access of your roof and the leaking area
- The type and extent of damage incurred (whether it’s covered by a manufacturer’s warranty)
- Geographic location (local ordinances, codes, etc.)
- Number of patches/repairs previously completed
Benefits of TPO Roof Replacement or The Problem with Letting (Only) the Budget Influence Your Roofing Decision
We all live with budgets, all successful businesses at least. But if you use cost as your only consideration, you will miss critical decision-making elements in your roof repair versus replacement. As mentioned above, there are hidden costs in a roof repair. In the long run, your TPO roof replacement may be of better value to your business versus a repair. Keep in mind with a roofing replacement, you may be:Selecting a More Durable Roofing Product
Another reason that makes replacing your roof a better investment than a repair is when the products on the market are more durable than what is currently on your roof. Products evolve. What might have been an excellent product or grade of product years ago, is the bare minimum of today’s roofing standards. Take some time to understand what’s currently on your commercial roof and how your business may benefit from installing one of the newer roofing products.Measuring Roof Service Life and ROI
With today’s electronic devices, we frequently find that there are times where it is less expensive to simply replace it than it is to fix the item. That can be true of your commercial roof as well. If the roof has extensive years of service behind it and shows significant wear, there comes a time when roof replacement gives you a better return on your investment than a simple patch. A professional roofing contractor can help you understand the calculation behind this and when it’s more advantageous to replace it.Choosing an Energy-efficient Replacement for Additional Cost Savings
Just as a product on today’s market may be more durable than what was offered when the initial roof was installed, there may also be products that are more energy efficient than what existed previously. Switching to an energy-efficient TPO roof can save your business a lot of money on heating and cooling costs. The white roofing system reflects the sun’s rays and can keep your roof surface up to 54 degrees cooler than a black roof. Many businesses are choosing to replace their older roofs for this reason alone as it not only helps heating and cooling at their business but the surrounding area as well.Eligible for Tax Deductions and Credits with Roof Replacement
Another benefit of roof replacements are tax deductions and energy-efficiency credits. Check with your tax professional for the details on these programs. In addition to tax deductions for capital improvements, several states offer tax credits for making your business more energy efficient. Adding a TPO roof to your building may qualify you for credits that can help offset the expense.Making Your Business More Attractive
A new roof makes your business more attractive in several ways. Physically: your new roof will be more pleasing to the eye than an older roof and you have the opportunity to brand it accordingly. Commercially: a new roof is much more appealing to possible buyers than an older patched roof. If you’re considering selling your building in the next several years, and you want to receive top dollar, you’ll should consider a new TPO roof. From an insurance and lender perspective: if there’s a mortgage on your commercial property and it’s insured, these entities may dictate (at least partially) when you replace your roof. Some companies only allow for a limited number of repairs before requiring a replacement. With a commercial roof replacement, you needn’t worry about:- Unseen damage to the building (leaks can cause damage to areas not seen by the average crew on a roof repair.)
- The problem getting worse. Remember, bandages aren’t permanent solutions. They buy time.
- Full warranty protection. A new roof gives you maximum warranty protection.