Business

What is Raising Commercial Roof Prices?

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With the increasing costs of materials and labor, replacing a commercial roof is becoming a more expensive financial commitment for various businesses. In fact, more than half of construction materials increased significantly in cost in recent years. Businesses might think that these elements are the main elements that affect commercial roofing costs, but the choices made about the specific roofing system, installation method, and maintenance practices all play a role in future repair plans, roof longevity, and total investments. 

In many cases, the factors that impact replacement costs are rarely driven by a singular problem. Beyond the market conditions causing rises in labor and material prices, installation quality can also have a significant effect on a roof’s replacement cost and lifespan. If a roof is poorly installed, it can lead to serious damages to inventory, machinery, and assets sooner than expected while posing a safety hazard for workers and raising reparation costs. Another issue caused by a leaky roof is moisture penetrating the roofing system. Water that enters important sections of a roofing system and damages its structure can create a bigger repair job that leads to more expensive costs. 

Sometimes the size of the building can have a great effect on roofing expenses. Replacing a roof on a warehouse that is about 17,500 square feet will cost less than doing the same thing on a warehouse that is more than 4 million square feet. Increases in square footage means more material, labor, and time will be needed to complete the roofing work and end up hiking the price to possibly millions of dollars. 

While larger buildings are more likely to require a greater investment, replacement costs are also affected by the choice of roofing system. Even two commercial buildings that are close in size can vary quite differently when it comes to replacement costs depending on whether the roofing system is built-up roofing, single ply, or standing seam metal roofing. The specific roofing choice subsequently influences how that roof is installed. Systems can rely on different attachment methods, ranging from mechanical fastening to ballast to secure the roofing materials, with each requiring varying amounts of labor and time commitment that can affect both upfront costs and long-term maintenance costs. 

When it comes to commercial roofing for businesses, they also need to satisfy industry roofing requirements based on the operations. For example, a hospital would prefer a different roof compared to a restaurant. Industry roofing requirements influence what roofing systems and installation methods specific businesses need to use and therefore affect the final roofing price. In some cases, there may even need to be additional change orders made during the installation process if unforeseen construction challenges present, which in turn will affect the original plans and expenses. 

One way to reduce unnecessary expenses is to choose the right roofing system from the very beginning. Additionally, it is important to determine the right management plan after installation is complete. Conducting routine inspections and maintenance plays a big role in how long a system lasts and its overall costs. Keeping drains clean and removing buildup from snow or ice can further alleviate the need for expensive repairs later. But even with proactive maintenance, roofing issues cannot be completely avoided. Damage can still occur when other trades like plumbing and solar access the roof and make uncertified installs or conduct improper maintenance procedures. 

A well-maintained roof can provide even more benefits beyond an extended lifespan. When maintenance records are properly documented, they make it easier to understand a roof’s condition and reassure insurers that the property is being managed responsibly. 

Even with regular maintenance a roof can still encounter issues that lead to damage. So businesses often need additional protection in the form of warranties, which can increase upfront costs. However, a good roof warranty can last a long time while providing protection against really extensive damage and increasing the value of commercial facilities. Businesses can choose between a manufacturing warranty that typically covers defects in the roofing materials, or a workmanship warranty that addresses issues associated with the installation work. 

When deciding on the best warranty, the best option for businesses is to get both a manufacturing and workmanship warranty from a reliable warranty provider. It is crucial for businesses to follow warranty requirements as well since failing to do so can jeopardize coverage. Unauthorized roof modifications, poor maintenance practices, and undocumented services can all affect warranty eligibility and reduce the value of the warranty leading to even greater costs. 

Commercial roof replacements do not immediately become expensive the day they need a replacement. The expenses build up over time through multiple decisions like the roofing system, installation technique, maintenance practices and warranty choice which all influence how long a commercial roof can last. While rising labor and material costs are out of our control, businesses that focus more of their attention on a long-term approach to roof management are more likely to avoid premature replacements and reduce unexpected repair expenses.

About the author

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Brian Wallace

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, and hosts the Next Action Podcast.  Brian has been named a Google Small Business Advisor for 2016-present and joined the SXSW Advisory Board in 2019.