Your roof is what makes your house a home. Without it, your home would be open to the elements, which would make it an uncomfortable place to live, to say the least.
That’s why you should always stay on top of roof repairs and replacements. But installing a new roof is a big job, and it might make you worry about your bank account.
If you’re asking, “How much does a new roof cost?”, we’ve put together this guide to help you find the answer.
Make sure you keep reading below to learn how much you’ll have to spend on a new roof and why the job is so expensive.
Breaking It Down: How Much Does a New Roof Cost?
It’s hard to put an exact price tag on a roof installation because the cost will vary widely depending on the specifics of the job. Some homeowners can get away with paying less than $5,000 on a new roof while others have to dish out more than $12,000.
Why is there such a big difference?
We’ve broken down the most common components of a roof installation so you can see where you’re money’s going (and how much you’ll have to pay for the job).
You’ll spend most of your budget purchasing the material for your new roof. There are a lot of different roofing options to choose from, and they all have their own, unique price. For example, some of the most popular materials include:
- Asphalt – about $3.60 per square foot
- Clay – about $15 per square foot
- Concrete – about $15 per square foot
- Metal – about $8 per square foot
- Slate – about $14 per square foot
- Vinyl – about $4.50 per square foot
- Wood – about $8 per square foot
Keep in mind, these are just average prices. Whatever material you choose may end up being a bit more (or less!) expensive when you buy it.
And you shouldn’t just choose the cheapest material out there. Every roofing material has its own strengths and weaknesses, and you’ll want to find an option that can withstand the weather conditions in your area.
Size of the Home
The bigger your home, the more material you’ll need and the longer the job will take. This will make the price go up (sometimes by quite a bit).
One of the first steps of your roof replacement should be figuring out the size of your roof in square feet. Doing this will ensure you get the right amount of material and will help you get accurate estimates when it comes to cost.
Ease of the Job
Installing a new roof is a big job—your contractor will spend at least three days climbing around up there putting everything together. But the job can get more complicated (and take longer) if your roof has steep slopes or a lot of built-in features.
For example, your contractor might need to use special tools to ensure their safety if your roof is steep or tall, meaning you’ll have to pay more money. They may also need to use extra tools or different methods to roof around features like chimneys, vents, skylights, dormers, etc.
Is your roof covered by thick trees or other obstacles? If your contractor has a hard time accessing the roof, the progress will slow down, which, again, equals more money.
You should always have a contractor visit your home in person (or at least show them pictures of your house) before they give you a quote. Otherwise, you may end up paying a lot more than you expected.
Where You Live
Different states have different roof replacement averages. You’ll spend more money replacing your roof if you live in Florida than you would in Texas. Make sure you research the prices in your area so you don’t get fooled by lower prices in other parts of the country.
Who You Hire
Just like how all the states have their own averages, every contractor sets their own rates.
You shouldn’t just hire the first contractor you find on the internet. Instead, spend some time reading reviews, asking questions, and comparing prices. This will ensure you get the best deal on your installation.
But again, don’t pick the cheapest option just because you want to save some money. Low prices often reflect low quality. It’s worth spending more money on a reputable company, such as these roof installers, than to end up with a roof full of problems.
The Plan for Your Old Roof
Do you have to remove your old roof before you can install a new one? This will cost extra. Unless you’re building a new house, you shouldn’t forget to factor in this component as you’re putting together your budget.
So What’s the Average?
As you can see, the price of installing a new roof can differ from one home to the next. However, most Americans spend an average of $8,000 on the job.
If you aren’t sure how much your roof will cost, plan for at least this much. As you do research and talk to contractors, you can adjust your budget as needed.
Getting Ready for Your Roof Installation
So how much does a new roof cost?
There’s no one-size-fits-all answer to this question. However, you should expect to pay between $5,000 and $10,000, depending on the specifics of your home. Always do your research so you aren’t surprised by hidden costs.
Want to learn some other helpful home renovation tips? We’ve got you covered! Don’t hesitate to check out the rest of our blog today!