Is Roofing Necessary For Your 2022 Pro Forma?

Categories

AllRoofing

Is Roofing Necessary For Your 2022 Pro Forma?

March 28, 2022

Maintenance Program for your Commercial Roof
Maintenance Program for your Commercial Roof
February 22, 2022
2022 Is The Year For Seal Coating Instead Of Commercial Flat Roof Replacements
2022 Is The Year For Seal Coating Instead Of Commercial Flat Roof Replacements
May 10, 2022
Show all

Is Roofing Necessary For Your 2022 Pro Forma?

Is Roofing Necessary For Your 2022 Pro Forma?
Is Roofing Necessary For Your 2022 Pro Forma?

A pro forma report gathers current or estimated income and expense data to project the net operating income and cash flow of a property. It’s a tool that business owners, decision-makers, stakeholders, investors, creditors and others use to examine hypothetical conditions. The NOI and cash flow projections from a real estate pro forma are used in other investment property calculations such as cap rate, cash-on-cash return and ROI. A pro forma with an inaccurate NOI and cash flow will cause harm on the other financial metrics and lead to a poor investment decision. Investors and other project stakeholders can look forward or backward, revealing financial information that standard financial statements do not provide.

 

Most pro formas include sections about revenue, potential gross revenue, expenses and net operating income. A roof is a large and expensive component of any property, it is important not to overlook the following conditions when creating the roofing section of your pro forma.

Has your roof been functional & performing well?

Has your roof been functional & performing well? If so, when was it last inspected?

A functional roof that performs as it should relies on a variety of factors, including strength, stability, leak resistance and heat resistance. To identify if your roof is functioning the way it should, getting a professional inspection done is a must. Regular roof inspections are crucial in understanding the condition of your roof. A roof inspection is a detailed examination of the interior and exterior of your roof done by a roofing professional to assess its condition. It includes a digital analysis with photographs of current dangers, potential future problems, and recommendations for any necessary repairs. 

 

A thorough roof assessment will guide you in creating a proper maintenance schedule and help you prioritize repairs. A well-maintained roof can double or even triple its lifespan at a fraction of the cost of an entire roof replacement.

Do you have a current deferred maintenance plan?

Ignoring deferred maintenance items to keep within budget can make a minor problem turn into an emergency repair. Identifying minor roof repairs that need to be fixed can be pushed off for a few weeks or months. However, after a few months or even years the minor damages turn into a costly dilemma. Having a maintenance program for your commercial roof reduces the risk, damage and expenses in the long run.

Do you have a current deferred maintenance plan?

For example, let’s imagine identifying roof damage that is put off for a few months. A storm rolls in and now the roof begins to leak, but the leak is in a spot that is not readily noticed. A few more weeks go by and so do a few more stormy days, now your maintenance team notices a puddle of water on the floor. Further investigation shows that the roof has been leaking, right where the repairs should have been done months ago. As they assess the area, they notice that there is damage to the insulation as well, causing mold to form. What started as an inexpensive  minor repair, has now become a costly emergency repair. 

Having a maintenance program for your commercial roof saves time and money. By following an inspection schedule and completing repairs when necessary, routine maintenance ensures that the smaller items don’t turn into expensive emergencies. Learn more about what a Commercial Roof Maintenance Program is and how it will benefit your investment.

Why being diligent in planning for your roofs future is necessary for today

A safe and well-maintained roof is a vital component of any building’s structural integrity and that’s why the importance of commercial roof repair is so high. Having a professional handy to take care of the due diligence of your roof will not only take the burden of finding the help and material when needed off of project stakeholders, it will save your team the hassle and time spent. Learn more about what goes into the due diligence for a commercial roof. 

Why being diligent in planning for your roofs future is necessary for today

Pro forma describes how a property could, should, or would be performing based on certain assumptions or “what if” scenarios. Have you outlined these key factors in your pro forma? All business owners, decision-makers, stakeholders, investors and creditors need to utilize these tools to maximize profits and investments.

Is Roofing Necessary For Your 2022 Pro Forma?

Talk To A Professional Today

Brittany Gramm
Brittany Gramm
Brittany is a Colorado native, raised in Colorado Springs and moved to Denver in 2018. She has been within the construction industry since 2014 and is diversified within the industry. She started her journey as a laborer and worked her way up to running job sites start to finish. Brittany finds the most joy when she is utilizing her creative talent or learning new skills.

Leave a Reply

Your email address will not be published. Required fields are marked *