Replacing a Roof: Expensive or Worth the Cost? Here’s a Breakdown

Is it time to repair or replace your roof? Whether you’re wondering how much the price per square-foot costs for a new roof, or if you need to decide between repairing or replacing one, we’ve got the answers.

In the case of cracked or leaky roofs, water can get behind the shingles, causing rot and eventually leading to collapse of your ceiling. Depending on the severity of the damage, you may lose valuable possessions and even put your family’s safety at risk.

Going beyond the typical leaky roof, homeowners oftentimes take for granted the comfort that having a healthy roof provides. But a roof doesn’t last forever. It’s vital you handle issues as soon as possible when they arise. You’ll want to make an objective, informed decision when you get a roofing quote or price estimate from a local installer near you.

Typical Cost and ROI of Replacing Your Roof

According to Zillow, a new roof will recoup about 60 – 68 percent of its cost/value in a home sale, which is essentially your return on investment (ROI). The makes a new-roof expense a worthwhile investment. Your home will attract more potential buyers and competitive offers if it has this marketable feature.

Most people spend between $5,000 and $11,000 on a roof replacement, with the average cost around $8,000 nationwide according to Forbes. Roofing material and the square footage of your home are the two biggest financial variables to consider.

Replacing your roof is undoubtedly one of the most expensive homeowner choices you’ll face. It’s different than building a new deck or renovating your kitchen. Yet it’s a wise investment that will maintain the integrity of your house for many years to come.

Depending on the material you choose, a newly replaced roof has an average lifespan of 30 to 100 years — although as noted above,you’ll recoup much of this if you decide to sell your home in the future.

Cost Per Square Foot on Roofing: Size, Labor, and Materials

Approximately 60 percent of a roof replacement estimate is for labor and 40 percent is for materials.Both are calculated by using your roof’s square footage.

Roofers generally charge between $1.50 and $3 per square-foot for their labor services. A “square” is a common term in roofing, and there are 100 square feet in one roofing square.A labor quote may range from $150 to $300 per square using the calculation above. To avoid confusion when receiving your quote, you should be aware of this distinction.

There are a number of items that can affect your labor quote, including:

  • Rotted timbers underneath the shingles. This makes the job much more difficult and dangerous. Since a roof installer will need more time and equipment to repair your roof, your cost may increase.
  • Protective equipment.Roofing professionals must bring special tools and equipment into the field when working in harsh weather conditions, such as extreme cold and heat. This can impact your cost.
  • Intermittent or older repair shingles.It’s possible repair-shingles have been applied to “buy time” on your roof over the years instead of being removed. In this case, you may require multiple layers of shingles to be removed to repair or replace the entire roof. As a result, roofing labor costs per square-foot will increase.

On the other hand, roofing material costs range from $100 to $1,000 per square. The cost of installing a roof varies based on the type. A roof’s materials will cost more as you deviate from using traditional asphalt shingles.

You’ll also have to account for the size of your roof pitch.A roof pitch is also known as the slope of your roof. For every 12-inch horizontal extension of your roof, you calculate roof-pitch by dividing it by the number of inches your roof rises vertically.Roofing your own house is easiest with a pitch between 4/12 and 9/12, but roofing companies should be consulted for pitches outside of that range.

Depending on where you live, the cost of replacing your roof might be higher or lower. Location greatly influences the cost of getting a new roof, from the type of shingles/roofing you choose to local building codes.

Materials Breakdown and Choices

Most homeowners today choose asphalt shingles. They can last up to 50 years since they are sturdy and reliable (and affordable too).

However, as long as you’re willing to spend a certain amount on your roof replacement, you have a number of options. Here’s an approximate comparison price-list just on materials, assuming your home size ranges between 2,000 – 2,500 square-feet:

  • Asphalt shingles: $2,250 – $2,500. As the most popular roofing material, asphalt shingles are made from fiberglass, asphalt, and mineral composites. Aside from being affordable, durable and easy to install, they are also the most popular.
  • Galvanized steel: $2,800 – $3,000. Galvanized steel roofs are crafted from steel with a zinc coating for years of durability. They are one of the earliest roofing materials in the United States.
  • Stainless steel: $12,000 – $14,000.A stainless steel roof promises to protect your home for up to 50 – 100 years. It is corrosion-resistant, heat-resistant, and rust-resistant.
  • Stone and/or slate: $18,000 – $20,000.There is a price premium associated with slate and stone tiles as compared to materials such as metal or wood. However, these materials are very durable.Furthermore, they are resistant to hail and small tree branches, as well as being fireproof.
  • Copper: $23,000 – $25,000 (or more). Copper roofs last much longer than traditional roofing options, despite the fact that they are the most extravagant. The addition of these features boosts the curb appeal and adds a luxurious, premium look to your home.

Other Issues to Consider

On average, asphalt roofs cost between hundreds of dollars to well into the $1,000 range for minor repairs. Additionally, labor is likely to cost around $40 to $70 an hour. Some of the most common reasons for repair a roof are:

  • The flashing has been damaged. Roof flashing is a thin metal strip that runs along your roof joints. Leaks can be caused by damage or wear to the flashing over time.
  • Shingles with old, curled or damaged edges. When asphalt shingles age, they can curl up, letting water seep into the space beneath them. Typically, it costs $25 to $50 to replace a single bundle of curling shingles.
  • Water accumulation. Your home can be damaged by pooling water on its roof within 48 hours.Keeping up with roof repairs is crucial.

You might not need to replace your roof if the damage isn’t extensive. Is it better to repair it rather than replace it? A trusted roofing contractor is always a good source to turn to. You might be able to get away with a repair if the damage isn’t extensive or you want to change the roof’s material. It’s certainly cheaper to repair a roof than replace it. However, a new roof speaks for itself.

Consider Keystone Roofing and Siding! Visit our website for more answers or contact us for a roofing estimate.