We all want to get the best possible deal when it comes to spending our hard earned money. However, there are some items that fall in the “never bargain shop” category. A new roof ranks high on that list. 😉
What to Expect
Needless to say, getting a roof replacement is expensive. Seeing the total price of getting it done properly can cause a justifiable sticker shock. However, when homeowners have a better understanding of where the money is going and how they will save money in the long run, it’s easier to see a quality roof as the investment it truly is.
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The average house size in America is 2,500 square feet. However, the size of the roof can vary depending on how many levels the house has, the slope and type of the roof and architectural designs.
That being said, a new roof using asphalt shingles for a typical 2,500 square foot ranch with a simple, low slope roof can range in price from $8,500-$11,000.
Varying factors are the brand of shingles; the type of underlayment; the slope of the roof; complexity of the job; the company installing the roof and the region.
Average Costs of Common Roof Systems
30-year Shingles: = $9,000 to $12,000
50-year Shingles: = $11,000 to $14,000
EPDM Rubber: = $7,000 to $10,000
TPO or PVC Membrane: = $10,000 to $15,000
Wood Shingles: = $15,000 to $25,000
Natural Slate: = $25,000 to $40,000
Steel Shingles: = $15,000 to $20,000
Aluminum Shingles: = $18,000 to $25,000
Standing Seam: = $23,000 to $28,000
* These are approximate prices using a national average. Prices may vary depending on your region, the roof’s slope, the complexity of the roof, removal of the old roof, underlayment and accessories used, and any warranties or guarantees the contractor offers.
Having a roof over your head is a basic, essential need. Yet, when the time comes to have a new roof installed, a typical homeowner will either pay too much by going through the local home improvement store like Lowe's or Home Depot, which by the way does not necessarily guarantee quality, or inadvertently, opt for a low quality roof by hiring a contractor with the lowest bid.
Beyond the Basics
Many homeowners make these often-poor choices, because they don’t really understand the importance of a good roof in the first place, as they lack general roofing knowledge, as well as fear getting ripped off, often justifiably so.
This guide will give you the knowledge necessary to hire a reputable contractor and get the best roof for your money.
Importance of a Quality Roof
Before getting into the actual roof prices, it’s essential to establish the importance of a properly installed high-quality roof. A roof does more than keep the rain off your head. It protects your biggest investment – your home.
What you should expect from a high quality roof:
Durability – long lifespan; stands up to high winds, heavy rain, snow and hail; less maintenance; few replacements
Protection – doesn’t leak; protects the inside and outside of the structure; provides proper drainage; keeps family safe during extreme weather
Efficiency – proper ventilation and insulation; saves energy; lowers heating and cooling bills; helps heating and cooling unit last longer; helps prevent ice dams, possible energy efficiency tax deduction
Increased Home Value – If you’re planning to resell your home, it will be worth more with a high-quality roof.
What you can expect from a low quality roof:
Unreliable – vulnerable to premature leaks; can’t stand up to pressure from snow; peels off in high winds
Quite Temporary – short lifespan; deteriorates at a faster rate; high maintenance and unnecessary repair costs
High Energy Costs – improper ventilation and insulation decrease energy efficiency; high energy bills; heating and cooling unit must work harder
Potentially Dangerous – Low quality materials combined with improper ventilation can be a fire hazard and also cause mold issues
Consider the following examples: The most popular residential roofing material is a 3 tab asphalt shingles because they have the lowest up front cost. However, since they’re an oil-based product, the price for asphalt shingles is skyrocketing. Plus, there are reports that their quality has significantly dropped.
Although you pay less up front, frequent roof replacements make it more expensive over time.
Metal roofs do have a higher initial price tag, but a durable and energy-efficient metal roof will help you save money in the long run. Many residential metal roof are offered with a lifetime warranty, are surprisingly energy efficient, and require little to no maintenance. Plus, they come in a variety of styles and colors to match anyone’s taste.
When weighing the price of a roof against the value received, homeowners need to look beyond the upfront cost, and consider long term savings and added benefits a quality roof can provide.
Remember, lower price doesn’t always mean less expensive!
Choosing a Trustworthy Roofer
Unless you personally know a contractor, the thought of finding a reputable company can be overwhelming, to say the least. Between horror stories of people getting blatantly ripped off, the fly-by-night crews and storm chasing contractors, it can be hard to know who you can trust.
Use these steps to find a reputable roofer:
1. Ask friends and family for recommendations.
2. Once you have a list of prospects, call them and ask these questions:
- Do they take on projects of your size? This one will almost always be a Yes, but it is a good starting point to get the contractor's interest and attention
- Can they supply a list of previous clients as references?
- Are they willing to provide financial references from banks and suppliers?
- How many other projects will they be working on while doing your roof?
- Will they be using subcontractors? If so, how long have they worked with them?
This information will tell you how reliable they are, how much attention they’ll give to your project and how smoothly the work will go.
3. From your phone conversations, choose three to four contractors to come to your home for estimates. Don’t go on personality alone. Be sure to check their reputation with their past clients and/or BBB, rip off report, Angie's List if you have it, etc.
4. Follow up on the information you’ve gathered. Call their clients to see if they are satisfied with the work and service they've received.
5. When prospective contractors visit your home, they should inspect the roof, along with the attic insulation and ventilation system in place. If you have a rather complex roof, they may ask to see the blueprints if you have them, which can help with the measurements and ordering of materials. When discussing your needs, make sure they fully understand your expectations in terms of the new roof including making sure that your new roof will be properly ventilated, debris removed, and that your house and landscaping will be properly protected if the old roof needs to be removed. Make sure that you fully understand the product benefits, and warranty details for materials and labor. The contractor should be eager to answer any questions you may have, as well as have questions and suggestions for you.
You will also want to make sure that the company has all the necessary roofer's liability and worker's comp insurance, and that they will be getting a permit for the job. You may also want to check their contractor's license if it's required in your state.
6. To accurately compare bids, ask for a breakdown of the contractors’ estimates. The estimate should include cost of materials, labor, other expenses and profit margin. Remember if companies aren’t making profits, they won’t be around to cover your warranty.
7. Throw out the low-ball bid. If an offer seems too good to be true, it probably is.
8. Go with your gut. You must be comfortable with not only their ability to do the work, but also how you feel around them. Trust is a major factor when hiring a contractor. They’ll be at your home for several hours; you need to feel comfortable talking to them; as well as get a sense that they are being fair, and honest. You do not want to do business with a contractor who seems pushy and impatient with your questions.
More on the Importance of Hiring a Reputable Contractor
It can be very tempting to go with the crew offering to save you money on such a large investment. However, when you choose a company based purely on the lowest bid, it will likely cost you more in the long run.
What you can expect from a disreputable roofer:
- They are likely to cut corners to save time on installation at your expense.
- They are likely to use low quality materials.
- They don’t necessarily adhere to the building codes.
- They often hire uninsured, illegal immigrant workers.
- They go through a job too quickly, thereby not doing quality work.
- They’re often not properly insured.
- They’re usually not licensed, if licensing is required in your state.
Your roof will only likely look good for a short time. When you start having problems with your roof, and you will probably have problems, they won’t be around to uphold your warranty.
Of course, hiring someone who is skilled in his trade and takes pride in his work will cost more than a fly-by-night organization. But, you get what you pay for.
What you can expect from a reputable roofer:
- Honest contractors understand their services are often needed when people are unprepared and can least afford it.
- They will work out a financial plan that works for you or have a list of reputable lenders.
- A reputable company will sit down with you, listen to your concerns, your financial limitations, and your needs.
- A good roofer will do everything they can to give you the best roof and roofing design including ventilation and flashing details available.
- If something happens to your roof, they will be there to fix it. - Their reputation is more important to them than a "few extra dollars" they may earn in the short term.
- Reputable roofers understand that sometimes clients truly just need a roof over their head and can’t afford the best roof on the market. In these cases they will work with you to give you the best value engineered roof you can afford.
How Contractors Determine the Price of Roof Replacement?
After inspecting the roof and speaking with the homeowner, a contractor will draw up an estimate for the project. They take various factors into consideration, such as materials, complexity of the job and the amount time needed to complete the job.
Roof Size – Roofs with more slant have a larger surface area than roofs with less slant.
Roof Slope – Steeper sloped roofs are more dangerous and more difficult to work on than flat roofs.
Roof Complexity – A roof with more level changes, hips and valleys, and add-ons, such as dormers, will be more expensive than a simple roof.
Existing Layers – It’s sometimes possible to install over existing shingles, but this lowers the lifespan and can cancel the warranty. It’s better to do a complete replacement. The more layers that must be removed will increase the price.
Debris and Waste Removal – Asphalt shingles, the most common material used, are considered hazardous waste and must be disposed of properly.
Materials – The type of new material that will be installed, such as asphalt shingles, steel shingles, slate shingles, etc.
Building Materials – This covers all other materials needed to build a roof, such as boards and plywood, nails, drop cloths, tarps staples, calk, etc.
Roof Underlayment and Accessories – The roof underlayment and accessories is what makes the roof waterproof. This includes materials to go under the roof covering, such as felt or tar paper. It also covers flashing, sheathing and flash cards.
Ventilation – Ventilation is very important for expanding the lifespan of the roof, increasing the energy efficiency and meeting building codes in some areas. It’s one of the main areas where corners are cut by less reputable contractors.
* Make sure anyone you hire obtains all the required building permits and your roof meets all required building codes.
Labor Costs – This will vary depending on the size of the crew, the workers’ experience and how long the project will take.
Overhead Costs – This covers the basic costs of doing business (insurance, advertising, taxes, permits, office space, equipment, trucks, office supplies, office staff, etc.).
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