How to Plan and Estimate the Cost of Replacing a Roof

How to Plan and Estimate the Cost of Replacing a Roof

cost of replacing roof

The average cost to replace a roof in Texas can range from $4,200 to $75,000. This is quite a vast range, but your final cost will depend on the size of your home, the type of roofing material, and the pitch of your roof, among other factors. But whatever the cost, it’s still a substantial amount of money to access especially in an emergency.

Despite this, the cost of replacing a roof doesn’t have to be an overwhelming expense, even if it crops up suddenly. Once you are aware of the age of your roof, with careful budgeting and preparation, you can effectively budget for the cost of roof repair. This way, if you’re faced with a damaged roof, you’ll be ready both mentally and financially for your roof replacement.

Read on to find out how to achieve this.

Signs You Need A New Roof

Before you start worrying about the cost of replacing your roof, several signs will indicate that you may need to have it repaired. However, if the damage is too extensive, you may need to replace it.

Your roof is one feature of your home that is essential, yet easily forgotten. That’s because depending on the type of roof you have, a roof can last between 15 to 50 years! Some even longer.

Unfortunately, this fact can often lead to neglect of your roof when it comes to overall home maintenance. However, several signs will indicate that your roof needs attention. These include:

  • A bowed or sunken roof
  • Leaks
  • Degrading or poor insulation
  • Multiple cracks
  • Growth of mildew, moss, or mold
  • Missing, cracked, or curled shingles
  • Rust, if the roof is metal

There may be a few others including water damage evident by the peeling of your exterior wall paint. You will need to replace an extensively damaged roof.

Factors That Affect the Cost of Replacing A Roof

As mentioned, there are a few factors that will affect the cost of roof repair or replacement. You will need to take all of these into consideration when budgeting for a new roof. A roofing contractor will base your estimate on these which will include:

  • Size of the home
  • Pitch and slope of the roof
  • Type of material chosen for the new roof
  • Type of material of the current roof, if different
  • Removal of old roofing material
  • Fees and Permits
  • Labor costs

Labor costs can range from $1.50 to $3.65 for each square foot of material used. The difficulty of installation and the experience required will affect this rate. Generally, material costs will make up roughly 40% of the total cost of your roof. While the installation will be about 60% of the total cost.

Roof Types

If you moved into an older home and had no input into the type of roofing, you might take the opportunity to choose new roofing material. You can do this based on the quality of the material and how long it will last, as well as how aesthetically pleasing it will be. A new roof can help raise the value of your home.

Here are the various roof types and their average cost:

Asphalt Shingles

Asphalt three-tab shingles are a popular choice when it comes to roofing. They are durable and cost-effective. Material cost is approximately $90 per square.

Metal Shingles

Metal shingles are a lot more expensive than asphalt shingles. Material cost is approximately between $275 and $400 per square. They look like traditional shingles and can even have a wood finish look.

Composite Shingles

These are usually rubber or plastic but look like slate or wood. They can also be made in a similar texture or look to standard asphalt shingles. The material cost is approximately $400 per square.

Clay Shingles

Clay shingles are durable and long-lasting. Although costly, they can last as long as 100 years, so they pay for themself in the long run. The material cost of these is roughly $300 to $1,000 per square.

Wood Shingles

Wood roofing material can be made to create either shingles or shakes. Material cost is approximately $350 to $500 per square. The latter is irregularly shaped and can vary in thickness, creating a more rustic look. The former is more uniform in thickness and size.

These materials will also differ when it comes to lifespan and durability. You can also consider other benefits including energy efficiency.

There might be limitations on the type of material you can select if you’re a part of a homeowners association (HOA). If you don’t have this restriction, choose the material that works best for your home, both functionally and aesthetically.

Have A Roof Plan

One of the ways to ensure you’re not caught by surprise when faced with replacing a roof is to plan for it. Here are a few things you can do.

Know Your Roof

You should have an idea of the age of your roof, especially if you live in an older home. Depending on how old your roof is, you can gauge when it may be time to replace it. Remember regular maintenance can prolong your roof’s life.

Maintain It

Don’t forget your roof when it comes to general home maintenance. It is an important part of your home. Don’t wait to realize this when it stops protecting your loved ones and valuables as it should.

Keeping safety in mind, you should inspect your roof at least twice a year. If a do-it-yourself (DIY) inspection reveals any issues, have a professional do any maintenance needed. This should include repairing or replacing damaged flashing or shingles. Also, ensure they secure the roof’s hardware.

Regular professional maintenance will also indicate when you need to replace your roof. This will help you to plan effectively.

Know What You Want

If you know the time is near for a roof replacement, start budgeting. Select the type of roof you want, take measurements, and start getting quotes. It’s also a great opportunity to research the best roof replacement company to use.

Once you know the cost involved, you can start budgeting and save toward the cost of replacing your roof.

Hire the Right Contractor

Roof replacement is a major investment. Ensure you find a reputable roof replacement contractor who can provide a high-quality roof installation that lasts. Hire a company you can trust, ask friends or family members for referrals, and check references.

Avoid contractors who include additional elements to their initial quote. You also shouldn’t have to pay the entire cost of replacement upfront. Also, take your time before signing any contract. Make sure the company is the right one for you before you make your final decision.

Roofing You Can Rely On

The prospect of having to replace your roof can be overwhelming. The cost can be prohibitive and the logistics involved can cause nightmares. But you can avoid all of this if you plan and budget well.

Not only will this reduce any stress related to the cost of replacing a roof, but it will also ensure you hire the right contractor that provides a roof you can rely on.

HP Roofing has 21 years of experience. We can provide you with a FREE consultation so you will know all the costs and requirements before the job begins. Contact us today for your FREE estimate!

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