The national average cost of a new roof at 1,000 sq. ft. is $4,750 to $10,000, with most homeowners spending around $7,000 for architectural shingles installed on a cross gable roof. This project's low cost is $3,000 for 3-tab shingles installed on a gable roof.
1) The Size of Your Roof
Here's a list of average costs per square foot (Sq F): 1,000 Sq F: $4,350 – $11,000. 1,100 Sq F: $4,785 – $12,100. 1,200 Sq F: $5,220 – $13,200.
You should budget between $4,500 and $8,000 for every 1,000 square feet of asphalt shingles. You can calculate the cost of a new roof by determining the square footage of your current roof and then deciding on the type of material you want to replace your roof with.
The Roofing Material
The choice of roofing material is often the most significant factor in the cost of a new roof, so expensive materials tend to lead to expensive roofs.
Asphalt Shingles
They are an affordable, easy-to-install option that is also easy to repair and replace as needed. You can even choose from a basic asphalt shingle to something higher-end like 3-tab or architectural.
Key Takeaways
Most homeowners insurance policies cover roof replacement if the damage is the result of an act of nature or sudden accidental event. Most homeowners insurance policies won't pay to replace or repair a roof that's gradually deteriorating due to wear and tear or neglect.
Choose the type of materials you want for your new roof and estimate the cost per square foot based on your selection. Multiply the square footage by the cost per square foot of your selected material. Add any extra costs associated with the slope or complexity of your roof.
Slate, copper and tile roofs, which are on the upper end of the price spectrum, can last more than 50 years. Homeowners with wood shake roofs should expect them to last about 30 years, while fiber cement shingles last about 25 years and asphalt shingle/composition roofs last about 20 years, the NAHB found.
You may want to oversee the work to ensure it is being installed properly, or maybe you want to be there to ask the contractor questions you think of. Whatever your reason, the contractor should not have an issue with it. However, a reputable roofing company will recommend that you leave while working.
One roofing square is equal to 100 square feet. So if your roof measures ten roofing squares, it's 1,000 square feet (10 x 100 = 1,000). How Many Bundles of Roofing are in a Square?
A new roof can increase home value, but you might not see a 100% return on investment — very few improvements, if any, offer a full recoup of money spent. But even if you don't see a huge financial return, a new roof can make you more likely to get full asking price, lower time on market and smoother negotiations.
Easy shingle roof the labor cost will range between $1.50 and $1.85 per square foot. Average shingle roof the labor cost will range between $1.90 and $2.20 per square foot For complex shingle roofs, the labor cost will range between $2.25 and $3.10 per square foot.
Do Either Darker or Lighter Shingles Last Longer? Many mistakenly believe certain colors might make the roof last longer, but this is a common myth with no data behind it.
With a lifespan of around 22-25 years, a 20-year-old architectural asphalt shingle is considered near the end of its lifespan. While 20 years is old for an architectural asphalt shingle roof, it isn't for a steel standing seam metal roof.
Which Types of Roofs Have the Shortest Lifespan? Asphalt Shingles: Asphalt shingles are one of the most common roofing materials and are relatively affordable. However, they typically have a shorter lifespan compared to other materials, ranging from 15 to 30 years.
If your roof is leaking due to damage from a covered peril, your insurer may pay to repair or replace it, up to the limits of your coverage and minus your deductible. If the roof damage is a result of neglect or wear and tear, it likely won't be covered by your homeowners insurance policy.
Get a Contract
The contract will have a payment schedule clearly outlined. Usually, the roofing contractor will not ask for money upfront with payment due when the job is completed. It is possible a contractor may ask you to pay half up front and the rest upon completion.
It's absolutely not allowable and it's 100% illegal for the homeowner to not pay their deductible. Illegal in any way shape or form that it happens - Whether it's a credit, “sign allowance”, or any other method.
Too Many Insurance Claims
However, It's almost always worth filing a roof claim if the type of damage or the extent of the damage is extensive. The cost of replacing a roof often outweighs the cost of higher premiums.
In fact, a new roof has the potential to lower your insurance premium anywhere from 5 to 35 percent. However, another thing that can affect the overall discount of roof insurance premium is the type of material your roof is made of.