Whether you’re just starting your business or have been in business for a while, sooner or later your property is going to need a new roof. Depending on the material, your old roof might only last 10 or 20 years, or well over 50.
While it can be tricky to plan for the expense, it helps if you know what to expect.
First of all, you’ll need to hire a trustworthy contractor for the work. A locally-owned roofing company that specializes in commercial roofing systems will usually be your best bet, since they will offer the best balance of pricing, service, and technical expertise.
When you start or expand your business, you will need another building, and if you rent out the old building, it will be cheap for you. You can install a new roof and make it ready for the work. You can also rebuild the commercial roof of your office building, and the cost of the whole process might be calculated after calculating some factors.
First of all, you need to hire a trustworthy contractor for work. After taking the appointment from one of the leading construction companies, you will be able to set the budget. If the total cost increase from your budget, then you must eliminate the idea, but if it is needed, you must consider the above mention company for an affordable solution.
Before discussing further, you must discuss the following factors that can decide the price of the commercial roofs. Let’s get started.
Factors that can impact the price of a commercial roof
The following are a few factors that can change the price of your commercial roofing installation.
1. The total area of the roof
The industrial place or buildings are different in size; therefore, the cost of the roofing is not fixed. They can be of any type, size, and material. The main factor that can settle the cost of commercial roofs is the total area of the roof. The square foot is the parameter of the measurement of the roof area.
2. Type of roofing
The material and kind of roof are also essential to consider. There are many types of roofing, including:
- Expanded Polystyrene (EPS)
- Extruded Polystyrene (XPS)
All of these roofing types are different in price. So, a contractor can be deciding the cost of the roof after calculating the material of the roof type.
3. Excess of roof
It’s a significant factor to finalize because the floor on the first floor is taking less material and don’t require any other machine to transfer material and other things. On the other hand, if the commercial roof is located on the second or any other floor, it will require cranes and ladders for the construction. It is also possible that the requirement of labor also increases during construction so that the budget could be over-estimated. Also, consider this factor while installing commercial flooring.
4. Condition of the existing roof
Sometimes, people use to buy the building with good condition and they don’t need to install a new roof, but some need to be constructed from the begging. It is also possible that the owner of the building requires installing the roof for decoration or installing a weather shield. So, there are a lot of factors that can help to decide the total cost of the roof.
Moreover, after considering all the above factors, your contractor will be able to give the total price of the full construction.
Expensing your roof
One of the biggest differences with a commercial roofing system versus a residential roofing system is how it’s expensed. Expensing rules for commercial roofing systems changed drastically in early 2020, and it’s anyone’s guess when they wil change again. Working with a local roofer that understands the industry’s tax environment can help, but it’s also wize to speak with an accountant who can walk you through the best options for your specific situation. For example, business expense limitations are typically 30% of their total income, so it might be smart to adjust your roofing plans if there are already other big expenses on the books for the year.
So how much does a commercial roof install cost?
Of course, the answer is “it depends.” Make sure you know what options are available in your market, find a local roofing contractor you can trust, and clear all reroofing plans with your accountant before signing on the dotted line.