Did you know that the average roof repair cost is $716, with most property owners spending between $316 and $1,118?
That’s a lot of money to spend on one property repair.
And yet, having a sound roof on your Philly rental property is crucial to keeping your property, and tenants, safe and dry from the stormy weather that so often visits the region.
Managing your Philly rental repairs can be a costly ordeal.
And, let’s face it, no rental property owner looks forward to investing their hard-earned cash into property maintenance, especially when it comes to roof damage.
However, roof damage and repairs are just some of the landlord problems you might have to contend with at one point during your career as a rental property owner.
That’s why we are sharing everything we know about roof damage as it relates to your rental property.
In fact, we are going to provide common reasons why your Philly rental might experience roof damage, the factors that may affect the overall cost of repair, and the steps you should take to determine if repairs are needed.
Major Causes of Roof Damage
Several things may cause roof damage to your Philly rental property.
Let’s take a look at what the U.S. Claim Expert suggests are the four main causes of roof damage:
- Lack of Proper Maintenance. As a rental property owner, you know that maintenance of your property will extend the life of your property and keep costs low. This means regularly inspecting your roof for damage, and handling repairs in a timely manner to prevent further damage.
- Wind Damage. Extreme wind can cause a lot of damage to your roof, especially over time. In fact, large debris (such as a tree) can blow directly into your roof, and pull off or damage roofing materials. In addition, old nails holding down roofing material may loosen over time, and cause materials to fall off.
- Extreme Weather. Aside from wind damage, your roof is also susceptible to other extreme weather conditions such as rain, snow, and hail. The weight of these weather conditions pounding down on a roof can lead to major damage, and create the need for immediate repairs.
- Flashing Problems. Your Philly rental’s flashing material is designed to keep water out of roofing sections. However, as the flashing becomes old, worn, or otherwise damaged, your roof then becomes vulnerable to water, which in turn equals roof leaks.
Damage to your Philly rental’s roof can have long-lasting effects on your rental property business, especially if they go unnoticed for some time.
It is important to regularly inspect your entire roof for damage, and make repairs as soon as you can to prevent major costs, high turnover rates, and an increase in homeowner’s insurance premiums.
Factors Affecting Roof Repair Costs
There are several factors affecting the overall cost of your roof repair.
Before delaying repairs, here are some of the most common to think about:
- Type of roof – flat, sloped, high or low pitched, metal or shingle
- Local roofing repair permits, especially in coastal areas
- Size of repair – pricing is typically based on square footage
- Type of damage, especially if water-based
- Unique rooftop elements such as chimneys and skylights
- New roofing material, especially if upgrading
Roof repair costs depend on a variety of things such as materials, scope of work, contractor, and more.
It is best to get a few quotes before hiring someone to do the job, as many companies will vary widely in the pricing (and quality) of their services.
Better yet, if you currently use Philly’s number one property management company, Bay Management Group, for all of your rental’s maintenance and repair needs, you are sure to have access to a reliable, affordable, and efficient roofing contractor that can get the job done right.
What To Do If Your Philly Rental Property Needs Roof Repairs
The best way to tell if your Philly rental property needs roof repairs is to visually inspect the roof for existing damage.
Here are some things you, or a professional roofing contractor, should look for:
- Worn down surfaces
- Buckled, curling, blistered, or dented roofing material
- Breaks or cracks
- Missing or loose materials
- Gaps in the vents or skylights
- Leaks, drips, or moisture on the exterior and interior of the property
If you notice that your property’s roof is in need of repairs, the next step is to get in contact with a roofing repair company you trust.
Schedule a roof inspection and get a cost estimate, or plan for immediate repairs depending on the extent of the damage.
In addition, if you have homeowners insurance, this would be the time to get in contact with your representative as well.
The amount of coverage you receive will depend on your individual policy terms and conditions.
Roof Repair versus Roof Replacement
It can be tough to decide between simply repairing your rental property’s roof damage or replacing the entire roof.
If your property has experienced severe damage, despite the extra cost upfront, sometimes replacing the roof is the better option.
In addition, if your property’s roof is upwards of 20 years or older, it might be a good time to consider replacing the entire thing, even if the damage is minor.
Because over time, your roof will be susceptible to more damage. Continuously repairing your old roof might cost more in the long run than simply replacing the entire roof now.
These are things to discuss with your roofing contractor, as they will be able to help you weigh your options and ensure you make a sound financial decision.
Choose Your Roofing Materials
If you decide to move forward with an entire roof replacement, you need to choose the best material for your property.
Shingles (the most popular roofing material in the United States), metal, slate, and vinyl are common roofing material types.
There are also several eco-friendly materials available such as recycled materials, solar shingles, and even vegetated roofing.
Altogether, there is a lot that goes into repairing roof damage on your Philly rental property.
And, while there are many resources out there that claim you can do-it-yourself when it comes to roof repairs, it if often best to leave these things to the professionals, if you are at all unsure as to how to proceed.
If you own rental property in the Philly area, and want to leave maintenance and repair issues to your property management company to deal with, contact Bay Management Group today.
We have a huge Rolodex of professional contractors that can handle your roofing issues in a timely manner, without taking all of your money in the process.
Unfortunately, maintenance and repair costs are a part of being in the rental property business. However, handing over all of your positive cash flow to just anyone is not.
Get in touch with Bay Management Group today and see how we can help you save money, even when it comes to major roof repairs.