Getting your roof replaced is very expensive, but how much can you make as the roofer? Click here to get some information about this career path.
What if you could have a lucrative career with no education and very little training?
Many people dream of having a stable job with a good income. But few people realize that “roofer” might just be a dream job.
However, there’s one big question left to answer: how much money can you make as a roofer? Keep reading to discover the answer!
The first step into starting your own roofing business is very basic: you need to complete a formal apprenticeship, and that involves gaining experience. And if you don’t have much experience already, you’ll need to start by working for someone else.
At this point, you’ll be compensated via an hourly wage. It may be a low hourly amount, such as ten to fifteen dollars per hour.
Don’t be discouraged by the low wages, though. You’ll be making more once you are working for yourself as a roofing contractor.
Eventually, you’ll need to start your own business. And this is ultimately the biggest X factor in the amount of profit that you make.
Some experts estimate that it will cost as much as $30,000 to start your own business. And other factors (including the location of your business, the size of your crew, and any specialized equipment you want) may drive that cost even higher.
It’s not uncommon for many roofers who start their own business to make very little money when they start out. That is because much of their potential profit is going back into paying off the startup expenses for their business.
As you may know, being your own boss is a double-edged sword. You have the potential to make a really high roofer salary. However, this usually involves sacrificing large amounts of your time.
High wages in the roofing business usually means making $60,000 a year. And really large businesses (who are also really lucky) may be able to hit six figures.
Of course, it’s important to find the work/life balance that is right for you. You can always make more money by working and marketing more aggressively than before, but you may find that you long for some rest and relaxation.
Ultimately, how much you make depends on whether you work on your own or have a larger business. For instance, the Bureau of Labor Services estimates that established roofers are likely to make a little over $42,000.
Other estimates hold that roofers on the higher end who have a lot of demand may make over $60,000. And, as we mentioned before, business owners can potentially make over $100,000, though the ongoing expenses of the business will reduce how much of that is actual profit.
Now you know more about how much a roofer makes. But do you know what you need to do next to get your career started?!