Roofing is one of the costliest expenditures for any property. Carefully considering the full scope of the job at the beginning stages will help minimize unforeseen expenses.
The ideal scenario is hiring an architect, engineer, or consultant, especially for a large roof replacement project, to offer peace of mind and minimize liability. But this particular expense, along with building permitting fees and performance bonds, are almost always overlooked when setting aside roof replacement reserves. Depending on the size of the reroofing project these fees could easily add tens of thousands to your roof replacement cost.
Besides the added expenses noted above, the bulk of your roof replacement cost is going to be based on the type of material chosen to be installed. Like everything else today, there are many options to choose from and they all vary in price. Choose wisely.
What also comes into play during the material selection process are warranty terms and conditions. There could be 3 manufacturers’ offering the same warranty term, but exactly what does each cover? It’s important to read and compare warranties, because they do vary. Some manufacturers allow certified contractors to pass on to their clients extended warranties for a nominal cost. It all boils down to whether you want a standard warranty or an extended warranty that offers greater and longer protection.
Another key factor to consider is whether your new roof system design complies with the amended Hawaii Energy Code, section R503.1.1 as it applies to roof replacements. In most cases, this will have an impact on your roof replacement cost.
If you need more time to build your roof replacement reserve or want to be proactive and maintain the integrity of your existing roof, sign up for a roof maintenance plan with a reputable contractor who can provide at minimum:
• Comprehensive inspections & reports
• Scheduled maintenance
• Certified roof technicians
• 24/7 online client portal access
• Historical data access
• Online dispatch capability
• Real time tracking on work orders
• Export reports for budgeting and forecasting
Think about solar
Hawaiian Electric Company recently launched a community based solar program, also called shared solar. It allows customers who cannot put solar panels on their own roof, including renters, condo owners and small commercial customers, to participate in the renewable energy movement and save money. Check out the program here.
Roofs are the protective covering for your association’s buildings. Advanced planning and budgeting appropriately will help take good care of them.