5 min read

Roofing: How Much Does a New Roof Cost?

Written by
Rob Reich
Published on
April 6, 2024

The importance of a good quality roof cannot be overstated. It provides essential structural integrity and shelters occupants from exterior elements. Other benefits of a roof include better energy efficiency and indoor air quality, enhanced curb appeal and property value, and fewer pests and parasites.

Today, there are many different roofing materials that homeowners can choose from. A good quality roof can last for several decades, even in excess of 200 years depending on the material used and the level of maintenance. However, the time will eventually come for a new roof to be installed.

In this blog post, we will look at the average cost of installing a new roof. We will also highlight the various factors that determine cost, how often a roof should be replaced, and some of the signs that a roof should be replaced. Let's get started.

How Much Does a New Roof Cost?

In the United States, the average cost of installing a new roof is $8,600, with an average range between $5,601 and $11,729. There is no doubt that the upfront cost of installing a new roof is high and is one of the most expensive renovation projects that a homeowner will undertake.

It should be noted that replacing a roof helps to increase the value of a property. In terms of resale value, a standard asphalt shingle roof can provide around a 68% return on investment, while a metal roof has a return on investment of around 60%. Very few home improvement projects are able to promise a 100% return on investment.

What Factors Affect the Cost of a New Roof?

The specific roofing material chosen by the homeowner will have a large bearing on the cost of a new roof. For homeowners conscious of their budget, an asphalt shingle roof is recommended and is one of the most popular options across the United States. In addition to being affordable, asphalt shingle roofs are durable and have a lifespan of between 15 and 40-plus years.

An example of a more premium roofing material is slate, which can last for upwards and beyond 200 years with proper care. It's clearly an excellent long-term option though it is also one of the most expensive roofing material options available.

There are a number of other components that make up a roof and these will contribute to the overall cost. These include:

  • Starter shingles
  • Underlayment
  • Ridge capping
  • Ice and water shield
  • Ventilation system

In addition to the roofing materials, the size and complexity of the roof itself will play a role in determining the cost. The number of penetrations a roof has (such as skylights and chimneys) will also affect the price, as will labor costs and dump fees for removing old roofing materials.

Average Costs by Specific Roofing Material

As noted above, there is a significant difference in the cost of different roofing materials. While there are different types of asphalt shingles that homeowners can choose from, the average cost of installation is between $5,000 and $10,000.

Metal roofs are another good roofing option and are highly versatile. They are longer lasting than asphalt shingles (between 40 and 70 years) and require less maintenance. The average cost of installing a metal roof ranges from $10,000 to $40,000.

Clay roofs cost, on average, between $10,000 and $20,000, while wood shingles cost between $10,000 and $15,000. As one of the more premium options, the cost of installing a slate roof ranges from $40,000 to $55,000. While the upfront cost is high, the long lifespan still makes slate an excellent investment.

How Often Should a Roof Be Replaced?

Roofs, by their design, are hard-wearing and highly durable components. They provide constant protection from the exterior elements, including storms. Throughout a roof's lifetime, routine care and inspections are important to help extend its lifespan. A roof that has been properly cared for will last longer than a roof that has been neglected.

You should always know when your property's roof was installed so you can estimate when it should be replaced. Other factors that determine when is the most appropriate time to replace a roof include:

  • Missing or broken shingles
  • Water damage
  • Light is coming through the roof
  • The roof is sagging
  • Water leaks
  • Pooling water on the roof
  • Damage to the roof deck

These issues can result in structural damage, cause issues with mold growth, and affect the overall level of protection that a roof provides. For homeowners unsure whether roof replacement or repair is the best option, speak to our expert team in Central Florida. We are a trusted provider of high-quality roofing services, including replacement and repair for both residential and commercial properties.

Understanding the Cost of Hiring a Roofing Contractor

The bottom line is that the cost of installing a new roof costs an average of $8,600. The exact cost will be determined by a number of different factors, such as roofing materials. When properly installed and cared for, a new roof is an excellent long-term investment that can boost a property's overall value.

TEK Construction Group is Central Florida's premier home construction team, with more than 25 years in remodeling, roofing, and new home construction. We have a variety of financing options to choose from so you can get the roofing project you've always wanted.

We have an easy 4-step process that begins with scheduling a free roof inspection. We'll then inspect your roof, provide a detailed quote, and begin construction.

Contact our experienced team to request a consultation from the best roofing contractor. We look forward to speaking to you.

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