When your roof is looking worn and you’re thinking about replacing your roof, you may want to consider roof restoration. As you may know the cost to replace your roof is expensive, it could be 10,000 to 20,000 depending on your home. Most people do not know that their insurance may cover the cost of their roof if it has some damage. All you would have to pay is your deductible. Let’s take a look at why roof restoration may be an option for you below.
It Cost Less
A complete roof replacement can be expensive in labor and materials, particularly if the existing roof must be removed first. Restoration, on the other hand, requires less labor and materials, and thus costs less.
Restoration Extends Your Roof’s Life
Commercial roofs typically last about 20 years — restoration can add 10 to 15 years of life. You can defer complete replacement and make future plans for the expenditure in your capital budget.
More Sustainable
Millions of tons of roofing waste end up in landfills annually. Because it allows you to reuse your existing roof, restoration is a much more environmentally friendly option. Plus, it can make your building more energy efficient and may help it qualify for ENERGY STAR or LEED credits.
Tax Benefits
Roof restoration is classified as a maintenance expenditure, while replacement is considered a capital expense. In most cases, you will pay less tax on maintenance by taking the current deduction versus capitalizing the expense and recovering the cost through depreciation. According to federal rules, commercial roofs are depreciated on a 39-year schedule. Since roofs have an average life of 20 years, it’s wise to extend the useful life of your roof as long as possible.
Prevent Major Costs
Ignoring the fact that your roof is deteriorating doesn’t make the problem go away; it can only get worse. The more time passes, the greater the potential damage and the more it costs to restore it. At some point, the only option will be total replacement. Continued neglect can put your business, employees and tenants at risk.
Contact Our Inspection Team
Schedule your inspection for the SPR Team to come out and evaluate your roof.
