Attention property owners: Are you planning to replace your roof this year? If so, you can expect to spend more this year to replace your roof. According to a recent study, the roofing industry is not what it used to be in the U.S.
The roofing industry is booming and is expected to continue its upward slope. This can be traced back to the increase in the demand for roofing products and services. Consequently, sales among roofing companies have increased and with it a drastic shift in the cost of roof replacement.
So, what does all that mean for property owners? Don’t jump with your head first on roof replacement assuming that you will spend as much as you did a couple of years back. You won’t; still, you must replace your damaged roof or upgrade, so it’s easier to do a little homework to help you figure out whether you’re financially ready.
What Should I Expect To Pay For Roof Replacement?
Every property owner wants to get the best roofing materials and roofing services for their property. But as usual, you always get what you pay for – and the last thing you want is to gamble with the quality of your roof. While many variables influence the cost of roof replacement, national average prices for roof replacement often range from $5,000 to $8,000. Here are other averages to help with your roof replacement price search:
-Concrete tiles: $20,000 – 40,000
-3-tab Asphalt Shingles: $7,000 – $12,000
-Wood Shingles: $14,000 – $25,000
-30-year Shingles: $9,000 – $15,000
-Steel Shingles: $14,000 – $25,000
-Metal Roof: $13,000 – $15,000
-Flat Roof: $8,000 – $10,000
-EPDM Rubber: $8,000 – $14,000
Factors Affecting The Cost Of Roof Replacement
The roof replacement price range mentioned above are only averages and will vary depending on several factors such as:
– The size of the house/building
– The slope of the roof
– The complexity of the task
– The roofing company
– Location
– Type of underlayment
– Choice of roofing materials
You should always expect significant variation in the estimated cost of replacing a roof. For instance, when it comes to geographical location, roof prices in states like Alabama and South Carolina are relatively lower with an average cost of $2.50 to $4.00 per square feet whereas the cost is relatively higher in states like New York and California.
Roof Replacement Costs vs. Roof Repair Costs
To repair or to replace the roof? That is the dilemma many property owners find themselves dealing with. Actually, it’s tempting to think that repairing instead of replacing is the best route to take – but is it? Do you keep dumping cash on your roof every couple of months hoping that it won’t collapse overnight? Or should you start shopping for a new roof? The first step to take when you come across a fork on the road like this is to do a little math regarding the cost.
Here’s an overview of the average cost range of roof repair:
– Minor repairs: $200 – $400
– Moderate repairs: $400 – $1,000
– Major repairs: Could go up to $3,000
While the numbers favor repairing instead of replacing, remember that the math can only reveal so much. There are other factors in play, such as frequency of repair and value for money. When you consider all elements, including the roof’s lifespan, you get a better deal for a little extra cash when you choose to replace instead of repair.
After all, repairing will only provide you with a temporary solution whereas replacing your roof offers a permanent solution for your roofing problems.
The Benefits Of replacing Your Roof
1. Value For Money – A new roof gives you your money’s worth in terms of protection and efficiency. When you replace your roof, it won’t leak and will protect your house or building for a long time. Also, you get proper insulation and ventilation hence ultimately saving energy.
2. Durability – a new roof can protect your home for years while withstanding hail, snow and strong winds. Also, you won’t have to worry about roof repairs for a very long time.
3. Increased Property Value – A new roof automatically increases your property’s value.
4. Peace Of Mind – the last thing you need while relaxing at home is the constant fear of a leaky or damaged roof. Replacing your roof gives you peace of mind.
Hiring The Right Roofing Company
Replacing your roof is serious business. For this reason, you’ll want no one but the best roofers handling the installation. Sadly, unless you already know a reputable roofing contractor, finding one is easier said than done. But with a little help, you can find a well-reputed roofer to help replace your roof. Here’s a look at how you can find a trustworthy roofer near you:
1. Network: Talk to friends and neighbors.
2. Shop Around: Make an effort to compare different roofing companies in terms of quality of services, reputation and cost.
3. Read Testimonials & Reviews
Hiring a trustworthy roofer has numerous benefits that you might not have realized. They include:
– Top-tier roofing services
– Real Value
– Timely services and much more
Whenever you need to replace a damaged or old roof, you don’t just need to think about the cost; it’s imperative that you look at the big picture and hire professional roofers who are equipped with experience, high-quality products, knowledge as well as contractors who can offer competitive prices.