Roof Replacement Company Lexington Ky
Roof Replacement Company Lexington Ky
It’s absurd to spend twice as much money on metal roofing as you would on an asphalt one. In general, asphalt roofing firms are quite adept at persuading people that it is a good idea to use asphalt. If you want to buy an asphalt roof instead of a permanent one, your only option is to save money. Asphalt roofing will have to do if funds aren’t accessible, or financing isn’t an option. Despite the fact that asphalt roofing is less expensive in the short term, it will end up costing thousands of dollars more in the long run due to the frequency with which it needs to be replaced.
Roof Replacement and Insurance Companies
Insurance companies have been so badly burnt by fast degrading asphalt shingles in recent years that most have established their own criteria. There used to be an asbestos basis in asphalt shingles so they would last longer. Asphalt shingles now on the market have a fiberglass foundation, making them unsuitable for use in Canada or the northern United States. Even expensive, 50-year asphalt shingles will degrade in 8 to 10 years on a roof with a pitch of 6/12 or less. The insurance sector was caught off guard by the deterioration in quality and was left holding the bag when water began seeping through and destroying the sub-flooring and often the interiors of homes. Make sure to choose the best roof repair or roof replacement option that fits your budget.
Instead of the three feet of ice and water barrier required by code, they introduced standards for vapor barriers to cover the entire roof prior to installation when they realized this. There are just a few respected roofers who adhere to this code, while the rest do substandard and subpar work. There are times when a roofing firm would cover the entire roof in the vapor barrier, leaving a person to wonder, “Why?” For what purpose would they incur all of this additional expense? Look for a roof replacement company that applies best practices in industry standards.
A well-installed asphalt roof will cost nearly twice as much as a high-quality metal roof when comparing the two materials’ financial benefits. Assuming you do the math and understand, an asphalt roof will last at least 10 years before needing replacement. Our roofers do emergency repair and replacement year-round. It’s a common misconception that older roofs last longer. In truth, a ten-year-old asphalt roof will not only look bad but it will be compromised on the south side, where the sun bakes it. They were promised a 25- or 35-year shingle, but they failed to read the fine print in the warranty, which prorated the coverage such that it was almost worthless after 8 years.
Roof Materials and Guarantee
A 50-year transferable guarantee is standard on most high-quality metal roofs. Five to six new asphalt roofs would be needed throughout the warranty period. If the price of a metal roof is double that of an asphalt roof, the math would be $10,000.00 for asphalt and $20,000.00 for metal. A new asphalt roof will be required in ten years. With a 3% annual inflation rate, $10,000.00 becomes $13,000.00. Metal has remained at $20,000.00 while asphalt has risen to $23,000.00. Metal roofs with heat and u.v. reflecting coatings save energy because they don’t consume as much of the air conditioner.
The electricity expenses will be reduced by up to 25% thanks to these new roofs. If you save $500.00 a year for ten years, you’ll save $500,000, which means the real cost of the metal roof is $15,000. With 40 years left on the non-prorated warranty, the savings are $5000.00 after ten years. There will be a minimum of four more asphalt roofs required. Every dollar over $13,000.00 becomes $17,000.00, and every dollar over $17,000.00 becomes $21,000.00, and so on. The total is mind-boggling. Consumers who are too trusting to look at the facts provide a steady stream of revenue for the asphalt roofing industry.
Metal Roof Financing
Almost all of the best metal roofers in Lexington provide open-loan financing that can be repaid at any time without incurring penalties. Deferred payments allow you to put off making your initial payment for six to twelve months. In most cases, the loans will be for a period of 10 or 15 years. This means that the monthly payment will be small and reasonable for most people.
Any savings can be put towards a new permanent roof for those who choose this option. On the other hand, asphalt roofing firms do not provide financing because simply put, the roof will not endure as long as your loan will be in place.