So I’m in the market for a new roof for my house. My roof is at the end of its life. It’s the original roof and made to last 20 years. It’s about 18 years old and is starting to fall apart. Also, we plan on staying in this home for decades so we figured we’d get it done now before any damage occurs.
Next step was to begin getting estimates from roofing companies. I scheduled appointments with 6 contractors to provide me estimates. I avoided mom-and-pop outfits and went with the larger contractors in the area. Each contractor came in selling the SAME EXACT SHINGLE SYSTEM! Its the GAF Timberline HD shingle system. The system includes the singles, a leak barrier, roof deck protection, attic ventilation, and ridge cap shingles. They sell it because GAF warranties the product for 50 years and pro-rated for life after 50 years. The warranty is transferable. In order to get the warranty, the system has to be installed by a certified GAF installer in the appropriate specifications outlined by GAF.
Like I said, all 6 roofers came in selling the system. Here are the 6 estimates I received:
As you can see the difference between the cheapest estimate and the most expensive estimate is $12,000!! They were all bonded, insured, and had references. The only differences between the estimates were the warranty on the labor, which ranged from 5 years to 10 years. The other major difference was the history or age of the company. The youngest company was only 5 years old, while the oldest is over 70 years old.
Right now, I’m leaning towards the $11,400 estimate. Why not the cheapest estimate you ask? Well, the company with the $11,400 estimate has been around longer and they’ve done work in our neighborhood. I also got a good vibe from the representative. The cheapest estimate was from a company only 5 years old.
So this is why its good to get more than 3 estimates? Well, had I gotten even 4 estimates from the 4 most expensive contractors, I would’ve spend $4000 more than I otherwise would have. For any large project, its best to get 5,6 or 7 estimates. It can save you thousands in the end.
Thanks for visiting I Am 1 Percent. Please subscribe so that you will receive all the latest posts directly to your email!