Did you know that, according to The Freedonia Group, the US demand for roofing is expected to grow 0.2% per year, so that it reaches 253.0 million squares by 2024? Many Americans are fixing or replacing their roofs these days, and it’s only expected to go up.
If you’re one of the Americans replacing their roof, then you’re probably asking yourself, “How much does a new roof cost?” You might also be wondering how much roof replacement labor costs, and whether replacing your roof is a good investment.
It’s a lot to think about, and it can be stressful to understand every single cost that goes into the construction of a new roof. If you have a roof problem, such as a leak, this only adds to your stress.
That’s why we’ve put together this guide. By giving you an idea of the usual roofing cost and what factors go into the cost of a new roof, you’ll have all the answers you need, and know if installing a new roof is right for you. Read on to learn more.
How Much Does a New Roof Cost?
There isn’t one straight answer to how much a new roof costs, because of the many different parts that make up different kinds of roofs, as well as the labor hours that will go into the installation. Where you’re based can have an impact, too.
Generally speaking, a new roof cost will be somewhere between $1,200 and $30,000. Usually, you’ll be paying per square foot, with each square foot costing between $3.50 and $5.
This should help you calculate the cost—though other factors will impact it, such as what issues are going on with your current roof, and what material it’s made out of.
Other Elements to Consider When Calculating Roof Replacement Costs
Other elements to consider when calculating roof replacement costs are materials and labor. Materials include ventilation, roof flashing, and nails. Additionally, if you’re in an area that gets lots of winter storms, you’ll need to install an ice and water barrier. Two layers are best.
As for labor, the cost can vary. When getting a quote from a construction company, ask about whether they charge for labor separately, and if so, whether they’ll charge you per hour or per project.
If it’s per hour, then ask them for an estimate for how long they think the project will take, so you can calculate that amount. Ask them to visit your home and take a look at the roof so that the estimate is as accurate as possible.
Unforeseen Costs of Roof Replacement
If you’re wondering, “How much does it cost for a new roof?” then you need to be aware of the unforeseen costs of roof replacement. This often happens if there’s been intense damage to your roof—for example, if it’s been ravaged by a winter storm—and it hasn’t been looked at properly or fast enough.
When this happens, the damage to your roof can be more extensive than expected. Often, plywood damage can occur anywhere where shingles are missing. If you get your roof replaced too late, this damage will be expensive to fix.
To prevent this from happening, it’s best to replace your roof as soon as there is any damage.
Roof Replacement Labor
Roof replacement labor is a big part of the total cost of getting a new roof. Labor can sometimes make up to 60% percent of the cost, so you really do want to check with roofing and construction companies you’re consulting about the usual cost of labor.
Additionally, you want the laborers to be legitimate. Ensure that not only the business doing your construction has all the right certifications and licenses, but that the laborers they employ or contract have certifications and licenses, too.
Check reviews on sites such as Yelp to find out if laborers get the work done well and quickly.
Is Replacing Your Roof a Good Investment?
Many people wondering about whether to replace a roof are probably asking themselves, “Is replacing your roof a good investment?” The answer is yes. Even though it can be a costly construction project, it pays off in the long-term.
For one thing, roofs last a long time, especially if you maintain them properly—up to twenty years. And if you have a new, high-quality roof, it protects your home from other costly damage, such as floods.
Considering that just one inch of flood water can cause $25,000 worth of damage in your home, it’s worth getting your roof replaced before something like that happens.
How Much Does It Cost to Reshingle a Roof?
If you’re asking yourself, “How much does it cost to reshingle a roof?” then you need to think about the specific types of shingles you’re replacing. Generally speaking, the cost is just over $7,000, but here’s how it varies.
Cost To Replace Asphalt Three Tab Shingles
The cost to replace asphalt three tab shingles is the lowest you’ll find, because these are the most common, simple shingles out there. A square usually only costs around $150 to $200.
However, if you want your new roof installation to really count, we don’t recommend asphalt three tab shingles.
They’re cheaper, and your roof will be more likely to experience damage as a result. Given how much you’ve spent already, wouldn’t you rather have the money you’ve spent last?
Cost to Replace Architectural Asphalt Shingles
When it comes to the cost to replace architectural asphalt shingles, it’s a bit higher, with a square usually costing around $350 to $500. However, it’s worth the investment. They’re thicker and higher quality than asphalt three tab shingles—and can last thirty years!
When budgeting for your new roof, there are some additional material costs you’ll need to consider. From nails to drip edge, these costs can add up and make your final calculation bigger than expected. Avoid this surprise by calculating the cost for the following materials.
Nails may seem cheap, but they actually add up when you’re buying them in bulk. Shop around by going to different hardware stores to find out if they’ve got sales on nails. Take advantage of sales, too.
If you live in an area that experiences many storms, or you simply want to protect your home against any type of flooding, adding underlayment under your shingles will give your home an extra layer of protection from water that falls on your roof.
Ice Water Barrier
An ice water barrier protects your roof from the damage of snow. If there are many snowstorms where you live, this is a definite must—but if you want to be prepared just in case, you should add this to your list of other costs.
Starter shingles are another barrier against water. These are necessary for the construction of your roof, and are placed underneath the outside shingles. When the rain falls, starter shingles cause the water to drip off your roof and onto the ground outside, instead of through the roof.
Ventilation is an essential part of your roof. Without it, mold can start to grow in your attic. Given that black mold exposure can cause cancer, lung disease, changes in mood, and nosebleeds, it’s worth putting in ventilation to keep you and your family safe.
Roof flashing is used to cover up parts of your home that aren’t shingled, but that are attached to the shingled part of your roof. This prevents water from getting in your home, and for that reason is a necessary cost.
Drip edge, though sometimes ignored by roofing companies, is incredibly important because it ensures that water actually goes into your gutters. Without it, you can end up with nasty flooding damage.
When reviewing your construction plan with the construction or roof replacement company you’re working with, remind them to install the drip edge. If they’re not planning on installing it, it might be a good idea to go with another company.
Contact Hulsey Roofing Co. About Roof Replacement Costs
If you have other questions related to “How much does a new roof cost?” we’re happy to answer them. Whether you want to know how long it takes to put in a new roof, or you’re looking for roof replacement advice related specifically to weather in your area, we can answer any of your questions.
Here at Hulsey Roofing Co. we’re experts on everything related to roofs. Visit our contact us page to ask your questions or learn more roof replacement costs.