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Understanding the Expenses: The Cost of Replacing Your Roof in 2024

Roof Expenses

Is your roof old or damaged, and are you considering replacing it? You are probably wondering about the cost of replacing your roof. The expert team at A1 Home Improvement provides quality roof replacement that keeps your home protected.

Here, we discuss everything you should know about what to consider before replacing the roof, including the national average and what factors affect how much you pay. When you’re ready to replace your roof, schedule a consultation to learn roof-replacing fundamentals and how the process works.

National Averages for Roof Replacement

If you’re paying for a new roof, you want to know you’re paying a fair price. While several factors affect the price of your new roof, you can help set your expectations by knowing the average roof replacement cost.

According to Forbes, the cost of a full roof replacement ranged between $6,700 and $80,000 in 2023. The wide discrepancy arises from the range of options for roofing types and sizes of houses.

Various experts cite different figures for the actual national average. This Old House gives a reasonable estimate; the average roofing cost for the average-size house is $10,000. 

Factors that Affect Roof Replacement Cost

While you can expect to pay an average roofing cost of $10,000, several cost-effective replacement strategies could help you save money, or you could opt to pay more for benefits.

Type

The type of roofing material you choose is one of the biggest factors that determine how much you pay. You can choose from the following popular materials:

  • Asphalt shingles: These shingles are the most basic, affordable, and popular option. They’ll last between 15 and 30 years and, apart from their affordability, don’t provide any major benefits.
  • Aluminium shingles: If you don’t want to opt for a top-tier metal roof, aluminium shingles are a good alternative. They can last upward of 30 years and offer a good middle price point between asphalt and other metal options.
  • Cedar shingles or shakes: These hand-split wooden shingles impart a classic look and should last around 30 years. They can stand up to severe weather and offer a mid-range price point.
  • Clay and concrete tiles: While among the more expensive roofing materials, clay and concrete tiles offer exceptional durability. They can last up to a century, but since they’re heavy, your roof will need reinforcement. 
  • Rubber or PVC: These materials are best for flat roofs, and they’re often even more affordable than asphalt shingles. However, you’ll pay more in labor costs to replace them.
  • Metal panels: Metal panels can last up to 70 years and withstand extreme weather conditions. As such, they’re one of the most expensive materials for your roof.

Size

The fundamental rule of roof replacement states that the size of your home is one of the most significant factors determining the cost of replacing your roof. According to Statista, the average home in the U.S. is around 2,200 square feet

Forbes shows that houses below this average square footage tend to pay below-average costs for roofing, whereas homes with higher square footage pay more. For example, it reports that the national average for a 1,000-square-foot house is around $7,000, while a 3,000-square-foot home has an average cost of $21,000.

If you have a larger home, you can consider saving money by opting for a more affordable roofing material.

Labor

Labor can account for 50 to 70% of roofing costs.  However, the size of your roof and the material you choose affect how long and hard the team has to work. 

For example, every roofing company has extensive experience with asphalt shingles, and the material is quick and easy to install. Depending on their location in the country and the availability of materials, not every roofing team has experience with metal or clay roofs, so you may pay more in labor costs for them.

You might also pay more money if your home presents a greater risk to the workers, such as having an unusually steep roof or at least three stories.

Location

Average prices vary based on state, cost of living, and climate. For example, states like Arizona and Colorado have lower-than-average replacement costs, while states on the coasts, such as New Jersey and California, cost more.

The climate also indirectly affects how much you’ll pay because certain materials can’t withstand various weather conditions. For example, in areas with a high concentration of sunlight, asphalt shingles don’t perform well, and many people opt for the more expensive clay tiles. In general, locations with more moderate weather have a wider choice of materials and options for saving money.

Additional Costs

Several additional factors can affect how much you’ll pay, some of which are in your control:

  • Required repairs: Depending on the extent of the damage or wear and tear, you may require roof repairs before the contractors can install the new one. The most common repairs include remediating water damage, fixing the vents, replacing insulation, and repairing the trusses.
  • Dumping fees: When the roofers install a new roof, they often must remove and discard the old shingles. To trash the old shingles, you pay a disposal fee somewhere between $50 and $500.
  • Customized structures: If your roof has a chimney, skylight, or other stylistic features, it requires special cutting and layout, which will increase your labor costs. The contractors also might have to reseal the feature with new flashing.
  • Warranty and insurance: Depending on your coverage, a warranty on your shingles or your insurance could reduce the overall cost you’ll pay. Before you start replacing your roof, always check your policies to determine how they can work in your favor.

Schedule Your Roof Replacement Today

Now that you’re educated about the cost of replacing your roof, you’re empowered to choose the best materials for your home. If you’re looking for reliable roofers with competitive pricing, our team at A1 Home Improvement can help.

From comparing various roofing costs to providing a roofing replacement guide, we have all the knowledge and experience you need. To schedule your free roof inspection, call 860-600-8075 today.

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