When it comes to exterior upgrades, homeowners care about their roofs. In 2023, new roofs were the most common exterior home upgrade, with 22% of homeowners opting to replace their roofs.
Roofs beat window/skylight, gutters, decks, and exterior doors for the most popular renovation in 2023. The median roofing spend reached $12,000.
So, how much does a new roof cost? Well, the price varies based on several factors. You have to consider location, labor, material costs, and the type of roof being installed.
Whether you’re planning a roof replacement now or in the future, this guide will help you understand the costs involved.
We’ve broken down what goes into the cost of a roof replacement and the average cost of a new roof here. Let’s dive in!
Roof Replacement Cost Factors
On average, a roof replacement in the U.S. can range between $6,000 and $20,000, depending on several factors. Let’s examine the factors that can impact the overall cost.
Materials
The type of materials homeowners choose for their roofs is crucial in determining the overall cost. Asphalt shingles are one of the most common choices, given their durability and affordability.
Metal and tile roof shingles are typically more expensive choices that can raise the roof replacement price.
Labor
Labor accounts for a significant portion of the total cost of a roof replacement. Some estimates report that labor can make up 60% of the entire project cost. Several things can impact labor costs as well.
For example, if the homeowner chooses materials that are harder to install, the job can be more expensive.
Type of Roof
The slope, pitch, and size of the roof also contribute to the total cost of a roof replacement. A 4,000-square-foot roof will not cost the same as a 1,700-square-foot roof. Roofs with highly steep slopes may be more expensive due to labor difficulties.
Add-Ons
In addition to the cost of the roof itself, homeowners can choose to buy add-ons during the project. Features like skylights, solar panels, or an upgraded ventilation system can make a project more expensive.
However, purchasing these features as part of the roof replacement is typically more cost-effective than waiting to do them later.
Structural Factors
Roofs with extensive structural damage, like rotting wood, must be repaired before a new roof can be installed. Addressing these problems can significantly increase the roof replacement cost.
Insurance
While roof replacement can be expensive, homeowners may not need to bear the cost alone. In some circumstances, homeowners’ insurance can cover all or part of a roof replacement. It depends on the cause of the roofing damage and the specific policy.
Homeowners seeking help paying for a roof replacement should review their insurance policy to determine their eligibility.
Average Roof Replacement Cost by State
Location can also affect the cost of roof replacement. Here are the states with the most expensive average cost.
It’s unsurprising to see California and New York on this list but look at other areas with higher average roof replacement costs.
Roof Replacements Are Necessary
Replacing a roof is a significant investment, but it’s important. While it’s a high upfront cost, it’s important to remember that it’s cheaper to replace a roof before it’s been irreparably damaged.
If an old roof goes too long without replacement, it could cause more damage to the home through leaks or other issues. Homeowners looking for a roof replacement should contact several roofers to get multiple quotes for the job.
For contractors, if you’re looking to elevate your roofing quotes, SumoQuote is here to help. With SumoQuote, you can build better quotes for your clients in no time.
Book a SumoQuote demo today and learn how our software can help you build the perfect quote for homeowners.
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