Smart Budgeting for Liquid Roof Restoration: A Guide for Property Owners and Managers
Welcome to page 2 of our blog! We often think of something we feel will be beneficial to share, and this is one of those topics. Over the years we have seen our share of roofs that could have been restored, but instead were allowed to degrade past the point of being salvageable. We know that a “penny saved is a penny earned”. This quote definitely scales to include 5 to 7 figure amounts. We are conscious of yearly budgets, and the often small amount supplied or (left over) for roofing services. We are aware many companies are given a budget for “maintenance”, and a replacement would be a different discussion. We understand the importance of maintaining your commercial property while keeping costs manageable. In today’s post, we'll delve into how property owners and management companies can effectively budget for a liquid roof restoration within their annual financial planning.
Understanding Liquid Roof Restoration:
Before we discuss budgeting, let’s briefly touch on what liquid roof restoration entails. Our innovative approach involves applying a seamless, waterproof system over your existing roof. This method is not only highly effective in extending the life of your roof but also significantly more economical than a complete roof replacement. Again, we like to add that not every roof will qualify. If a roof is neglected for too long, it can and will get past the point of being able to restore.
The Cost-Effective Solution:
Liquid roof restoration is a game-changer for property maintenance. The cost of a full roof replacement can be staggering, often requiring all of your maintenance budget or even extra financing. In contrast, liquid restoration is substantially more affordable, allowing for more flexibility in your budget.
Budgeting for Roof Restoration:
Assess Your Roof's Condition Annually: Regular inspections are key. By assessing your roof's condition each year, you can anticipate the need for restoration and allocate funds accordingly. This will allow you to save money, by catching problems before they become bigger. This is comparable to going to the dentist for a checkup.
Plan for Long-Term Savings: Consider the longevity that liquid roof restoration offers. While there is an upfront cost, it's an investment that protects your property and can save you money in the long run on repairs and energy costs. For consideration, a restoration 9/10 times falls in the $2 - $5 per square foot range depending on size and scope. A full tear off these days can often range from $8 - $15 per square foot for the same roof. You run the numbers and see how much you could save by taking care of your roof! This isn’t even counting the energy savings by adding reflectivity to the roof!
Allocate a Portion of Your Maintenance Budget: We recommend allocating a specific percentage of your annual maintenance budget for roof upkeep. This proactive approach ensures that funds are available when restoration becomes necessary. Let’s say you have a TPO roof that is about 10 years into a 15 year warranty. The TPO is likely showing signs of wear, but may not be leaking. At the end of the warranty (if it’s even still valid) there are not many options available to extend that warranty. However if the TPO roof is structurally sound and free of moisture, you can perform a liquid applied restoration giving that same TPO roof another 10 - 20 years of warranty WITHOUT having to remove it. This is what is called a “Win- Win”.
Consider Financing Options: For larger properties, the upfront cost, although lower than a replacement, might still be significant. Explore financing options that allow for the cost to be spread over several budget cycles. Sometimes the potential energy savings for a substantially large property with an existing non-reflective roof system is extremely noticeable.
Work with a Trusted Partner: Partnering with a reputable restoration based company like TSE Commercial Roofing, whom devotes all of their time to being the best is an ROI that cannot be measured. We often explain that “coating” a roof is not the same as restoring it. A restoration involves much more than cleaning and applying a liquid product. Our previous blog touches on this, but in short, the roof should waterproof PRIOR to the field coat. Here at TSE Commercial Roofing, we pride ourselves on our 100% devotion to liquid restoration. With already over a decade of combined experience in the field, we have learned what works and what doesn’t.
Conclusion:
Liquid roof restoration is a smart choice for property owners and management companies looking to maximize their maintenance budget. It’s an economical, effective solution that not only protects your property but also offers long-term financial benefits. At TSE Commercial Roofing, we are committed to providing top-notch roofing solutions that align with your budgetary needs. Contact us today to learn more about how we can assist in planning your roof restoration project.
