In a 2022 survey, 68% of homeowners shared that they felt overwhelmed and stressed about maintaining their homes. Yikes, that’s…
November 9, 2022
In a 2022 survey, 68% of homeowners shared that they felt overwhelmed and stressed about maintaining their homes. Yikes, that’s a pretty high number of homeowners.
Unfortunately, maintaining a home comes with many expenses, which can be stressful. You need to pay utilities, update appliances if they break, and maintain your exterior to keep your home protected. And one of the most intimidating expenses for homeowners is the inevitable roof replacement.
But roof replacements don’t have to be scary! We know you’re wondering, “how much does a new roof cost?” and we’re here to break it down so you can feel prepared for what to expect.
Average Roof Replacement Cost Nationwide
$10,000 is a good average estimate for roof replacements across the country. Just keep in mind that this number could be much higher or lower, ranging anywhere from $5,000 to upwards of $40,000. The total cost of your roof replacement will depend on many factors, including:
The size of your roof
The type of roofing material you choose
The complexity of your roof’s design
Whether or not you need to replace any structural components
6 Factors That Impact the Final Cost
Obviously, you want to have a more clear understanding of how much you can expect to pay to replace your specific roof, and $5,000 to $40,000 is a very broad range. Take a look at these six considerations that impact roofing costs, so you can see where your home fits in.
1) Material Choice 🧱
The roofing material you choose has the most direct impact on the overall cost. Most homeowners opt for asphalt shingles, which offer great value for their price. If you stick with classic asphalt shingles, you likely won’t pay more than $18,000. (And that price also factors in labor and home size.)
However, an asphalt shingle roof usually only lasts between 15-25 years. If you’re planning to stay in your home longer than that, the idea of having to pay for multiple roof replacements can be off-putting. That’s why some homeowners opt for more expensive but also more durable roofing materials.
Some other material options and their average replacement costs include:
Cedar Shakes: $10,000-$20,000
Metal Roofing: $12,000-$40,000
Clay Tiles: $30,000-$40,000
Natural Slate: $40,000-$55,000
Typically, a higher price tag equals a longer lifespan. Cedar shakes and metal roofs are a good middle ground for homeowners that want a material different than asphalt shingles that still don’t break the bank.
2) Labor 👷
The quality of labor behind the installation also plays a big role in the final price of your new roof. Doing the installation yourself will probably save a fair amount of money, but in doing so, you risk:
Not having warranties on your roof
Causing complications that cost more in the long run
You also may be tempted to hire a neighborhood handyman without the proper licensing or insurance. Again, this is a cheaper option, but you often get what you pay for with poor communication, lackadaisical workmanship, and no labor warranties.
Even though it’s more expensive, it’s definitely the best choice to hire a local, highly-rated roofing company. Professional roofing contractors with industry training, proper licensure, and years of experience are the ones you want to handle such a large investment. Labor costs can include:
Attic ventilation installation
Look for a company with mostly high reviews that has a clean online presence. It’s paramount to hire a team that serves your location and holds the necessary licenses.
Keep in mind that there will be extra labor costs if your contractors discover rotted or faulty structural components. Sometimes, contractors can’t tell if the roof decking is rotten until they begin stripping off your shingles. It’s important to replace rotten roof decking right away, so they will need to take the time and secure the materials in order to fix that issue for you. This can cause the price of your roof replacement to go up.
It’s definitely okay to DIY projects like painting, adding shelving, and laying vinyl flooring, but resist the temptation to DIY a roof installation and leave that one to the pros.
3) Home Size 🏠
The square footage of your home usually equates to the square footage of your roof. It may go without saying, but a larger home constitutes a more pricey roof replacement than a smaller home.
A $10,000 asphalt shingle roof replacement is pretty average for homes around 2,000 square feet. Smaller homes that are 1,000 square feet or less can expect to pay less than $10,000 for a new asphalt shingle roof. But, homes that are 3,000 square feet or larger can expect to pay closer to $18,000 for a new asphalt roof.
4) Roof Slope/Complexity 🧗
Flat roofs on apartment complexes and commercial businesses are quite simple to install, but most homes have unique slopes. If your roof is very steep with many hips and valleys, you can expect your roofing contractor to charge a little extra.
Navigating a complex roof requires more safety precautions from the contracting team. It also requires a higher skill level to be able to navigate the unique layout.
5) Location 📍
Our country is very big, so the cost of living varies tremendously across different regions, states, and cities. You can expect a roof replacement in San Francisco to cost far more than one in rural Kansas.
Even though real estate prices are granular when it comes to location and can change simply based on where a house is located in a neighborhood, roofing prices are usually set more on a regional level.
6) Seasonality 🍂
This final consideration likely won’t make a major dent in your roof replacement cost, but it can help you save a little bit of money. Typically, the roofing season is the busiest in summer. Some roofing contractors may offer promotions during the off-season in spring or fall.
Not all roofing companies offer promotions, but it is something you can look out for when it comes time for a new roof.
Ways to Help Finance Your Roof
Maybe you’ve looked at the average numbers above and breathed a sigh of relief. Or maybe you’re even more stressed out now than you were before. Thankfully, there are ways to finance a roof replacement if you don’t have all of the money upfront.
Roofing Company Financing: One of the best ways to finance a roof is to work directly through your roofing contractor. Many reputable roofing companies have financing partners that specialize in financing home services.
Credit Cards: You can put a roof replacement on a credit card if you don’t have upfront funds. Just be mindful of the interest rate and how much you can feasibly pay back per month.
Personal Loans: You can also shop around with your bank and local credit unions and take out a personal loan. By comparing different lenders, you can find the best interest rate and payback term for you.
Taking Away Stress, One Roof Replacement at a Time
We know that the idea of getting a new roof can be scary. But our team at ARCH Exteriors is committed to providing high-quality solutions so that you get the most out of your investment. We’re also committed to providing accessible financing options so that no homeowner has to neglect their roof in order to save money.
Here at ARCH, we can finance any roofing project as low as $2,500 or all the way up to $75,000. With easy and low monthly payment plans, getting a new roof has never been easier.We always provide honest, fair, and detailed price estimates, so you know exactly what to expect. Get started with your free estimate today!
About the Author
Your home is probably the most expensive thing you own. When you hire somebody to make improvements, you want high-quality work. In addition, you hope they’ll take the same care you would. You want someone with a good reputation, legitimate credentials, well established, using quality materials, and who charges a fair price.
For over 11 years, I have worked hard to provide all of those benefits to my clients. One of the major reasons we have been able to do that is our ability to keep highly qualified personnel. Our workers are well trained, properly motivated, and managed professionally.
I make certain that I convey measurable systems and procedures that our team understands and can readily follow.
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