Roofing

Roofs in Austin, Texas, are a high-ticket item, averaging $16,229 to $28,948 per roof in 2014, according to Remodeling. Each year, these expensive investments take a beating from hail, wind, tropical depressions and spring storms. To help your roof do its job, regular maintenance and necessary repairs are vital. However, since roofing repairs can be quite costly, it is best to budget for them in advance. Check out our tips for residential roofing budget strategies:

How to Budget for Austin Residential Roofing Repairs

  1. Create a budget. Before you can budget for large expense, you must have a clear picture of your financial situation. Compare your income with your fixed and non-fixed expenses. Fixed expenses are those that are the same every month, like mortgage payments. Non-fixed expenses are those that fluctuate, like clothing or gas. The difference between your income and expenses is what you can dedicate toward your savings goals.  
  2. Know your roof. Talk to the Austin roofing contractor who installed the roof on your home and ask about the types of repairs you can expect and their estimated costs. If you don’t know who the contractor was, schedule a professional residential roofing inspection to learn more about the condition of your roof and future repairs that you may face.
  3. Create a roofing repair fund. Be ready for anticipated and unpredicted roofing repairs by setting aside money each month in a dedicated repair fund. Use the estimates that the contractor provided as a guide regarding how much stash away.
  4. Be familiar with your homeowner’s insurance policy. Homeowner’s insurance may cover some types of roofing repairs. Talk to your insurance agent to learn the details about your policy and the deductibles.
  5. Save money for long-term residential roofingcosts. Depending on the age of your roof, you may need to replace it within a decade. To prepare for this large expense, learn how much a new roof will cost you and adjust for inflation. If a new roof will cost you about $18,000, for example, you would need to save $200 per month for 7.5 years to be able to pay cash for the new roof.If you don’t have enough time to save up the cash needed for a new roof, save what you can toward a down payment so you don’t have to finance as much of the residential roofing project.

Contact the BELDON® team, serving the Austin area, with all of your residential roofing needs!

company icon