How Much Does a New Roof Cost?

You’re likely in the early stages of considering replacing your roof and you wonder how much does a new roof cost?

First of all, there are several factors to consider with the first one being if you’ll replace your roof yourself or hire a roofing contractor.

Cost of Replacing Your Roof Yourself

Much like home projects, there are a lot of benefits to doing things yourself. You’ll be able to save significantly on the costs because you’re eliminating the cost of labor and margins from roofing companies. You must determine the size of your roof and all the additional components needed to replace your roof. This includes gutters, ice and water shields, and various other vents needed. All told, you could spend anywhere from $5,000-$10,000 on materials.

The national average, according to Home Advisor, is around $7,314. This number is HIGHLY variable as some shingles are significantly cheaper, whiles others are significantly higher. Likewise, the amount of materials needed will vary based on roof size.

Cost of Replacing Your Roof Using a Roofing Company

There are a lot of benefits to hiring out your roof replacement to a roofing contractor. They bring knowledge of building codes, project management, and buying power to your replacement. Additionally, some roofing companies are very skilled in supplementing claims because they are trained to look beyond the roof. Make sure to use a reputable roofer with positive third-party reviews.

So Here’s the Deal

If you’re paying a roofer entirely out of pocket, you might be looking at around $7,000-$15,000 on average. Again, this depends on the material type and quantity. The biggest factor in cost is the insurance policy on your home. We wrote an article comparing the cost of an ACV vs. RCV policy outlining the differences.

With an ACV policy, you might be paying between $3,000-$5,000+ out of pocket. In contrast, you would only be paying the cost of your deductible (usually $1,000) on an RCV policy with an approved claim. As a result, the price variance on your new roof cost can be largely based on your policy.

Summary

There are several factors and routes to consider when pricing out a new roof cost. You can do it yourself or hire it out. This hangs on the amount of budget you have, which depends on the insurance policy you carry. Above all, whether choosing to replace the roof yourself or hiring a roofing contractor you could always calls a roofer for a second opinion.

If you would like a FREE inspection, give Mutual Roofing a call at (402) 889-3381 or fill out our contact form.