Roofs perform a very important function in day to day life, so much so that the very idea of shelter and security is summed up in the phrase “having a roof over your head.” At least once during their home ownership, most homeowners find themselves asking what goes into the price of a new roof.
When it comes to getting a roof there can be a somewhat hefty price tag upfront, but the important thing is being able to maintain your investment and get the most put of your roof. In the United States, the average homeowner will be looking at $5,000-$6,000 investment to install a new roof. There is a lot that needs to be considered when figuring the cost for a new roof. Stay Dry Roofing takes a closer look so you can make a more informed decision.
What Goes Into The Price Of A New Roof?
It’s important to note that the actual price you will end up paying for a room can fluctuate – sometimes a great deal- depending on many factors, including:
Type of application- the roofing style and installation can affect final pricing
Materials used- asphalt shingles usually cost less than tile
Number of layers- layered roofing adds insulation but also adds to time and labor
Where you live – some materials are easier to get and cheaper than in other areas
Code requirements- city and state regulations may require more work to be done
Additional work- chimneys, skylights and other features can up the price too
So, while spending the amount necessary, understand that a complicated roofing system can up the price. But a quality roofing job is worth any investment you make. There is a lot of time, effort and equipment involved in keeping your roof up to snuff, and you do not want to cut corners or skimp on investment when it comes to your home’s roof!
New Roofing Costs: A Summary
It is important to get several bids and quotes for your new roof. This allows you to be able to compare the costs and see what each contractor has to offer. Generally speaking, initial quotes include factors like:
The cost of the materials that are going to be used on the new roof
Accompanying materials needed to make the installation possible
Any protective elements to guard against rain, run, or snow during installation
Removal of waste materials and left over scraps after installation is complete
Labor for the workers who will be doing the installation
What these quotes do not generally cover are any challenges the roofer runs into throughout the installation. These may delay the project, increase the need for labor, or require additional materials or equipment. There could be problems with your ventilation, gutters, chimneys, etc.
That’s why you should budget additional funds when getting quotes, just in case. A good rule of thumb is to budget 20-30% of the quoted price as an additional cushion to cover these unforeseen issues. So for a new roof estimated to cost you $6,000, you should have an additional $1,200 to $1,800 set aside as an emergency fund of sorts.
New Roof Installation Vs. Repair
There are ways to extend the life of your roof, save money and put off roof replacement for a few more years. Just because your roof springs a leak, some shingles come loose, or a small tree branch clips the corner of the roof doesn’t mean you need to get a new replacement.
In many cases a roof repair, which could cost $1,000 or less compared to the $6,000-plus of a new roof, is a viable of an option. It can be a challenge trying to work through figuring the cost for a new roof, deciphering what goes into the price of a roof, and there are many options available in terms of replacement and repair options. However, it is important to not fool yourself. There are times when a full new roof replacement is needed rather than a simple touch up repair.
Here are some examples of such times:
When the roof is already getting near the end of its useful lifespan. Most roofs that have been installed within the last 50 years will last for 20 to 25 years. If yours is near this age, have it inspected to see if there are minor issues waiting to become big issues. A small leak can be repaired, but rotting supports, cracked shingles, and worn out joints can lead to major roof issues. These need to be dealt with sooner rather than later.
When there is extensive leaking. A small leak from a few missing shingles or a cracked flashing is easy to fix and, if it is caught early enough, it can be repaired before extensive damage is done. If you experience problems with multiple or extensive leaks, chances are that they have been going on for some time before you discovered them. There may already be some damage done to your roof. In these cases, you might need a full new roof replacement instead of general repair work.
Increasing the value of your home. One great way to boost the value of your home is to improve its curb appeal. When you want to improve your home’s curb appeal, a quick and lasting way to do this is to install a new roof that compliments your home’s existing style and decor. Roof investments can add almost 100% of its value into the value of your home!
How To Contact Stay Dry Roofing
Failing to take steps right now to preserve your roof’s integrity, and to replace it when needed, can be a big mistake. Not taking care of things now while things are going well, can result in a major headache down the road when problems start to compound and get worse. It can result in problems that, at the least, are expensive to fix and, at most, can harm your family and put your possessions at risk.
Contact the experts of Stay Dry Roofing today at (317) 603-5550 for all of your professional roof repair and replacement services. We always offer FREE ESTIMATES. If you need help figuring the cost for a new roof or are asking yourself exactly what goes into the price of a roof, give us a call. Don’t put it off any longer! Stop putting a band-aid on a big problem and take care of it today!