How to Tackle a New Roofing Project Staying Within a Budget

Roofing on a budget is possible, provided you pick the right material, contractor, and installation technique. Here are tips for budget-friendly repair and replacement of your home’s roof.

In this post:

• Average Roof Replacement Cost 2022
• Average Cost of Roofing Materials
• Additional Costs to Consider When Replacing Your Roof

Average Roof and Siding Replacement Cost for a Homeowner in 2022

There are many factors that can change the price of a new roof, including the material you use, the size of the roof, and the pitch or steepness of the roof. The average homeowner spends between $5,619 and $22,000. The national average cost is $11,536.

Average Installation Cost, Durability, and Lifespan of Roofing Materials

As you choose the roofing materials you will use to replace your roof, consider the five standard types of materials and their varying installation prices.

• Asphalt shingles
• Wood shingles
• Metal roofing
• Slate roofs
• Tile roofs

Each material has a different lifespan, durability, aesthetic, and installation cost. Learn more in this summary of each material’s cost and durability based on an average-sized home.

Asphalt Shingles

These are the most common and least expensive roofing materials. Asphalt shingles advantages are that they are easy to install, tear down, and replace. Their disadvantage is that they are not known for their durability and can, therefore, easily become damaged due to strong winds and heavy rain.

Lifespan: 20 to 22 years

Average cost: $5,300 – $11,000

Wood Shingles

Wood shingles are visually appealing and distinctive, but they require significant upkeep due to their susceptibility to water damage, mold growth, and insect infestations.

Lifespan: 20 to 40 years

Average cost: $20,000 to $40,000

Metal Roofs

Metal roofs are gaining popularity among homeowners due to their affordability, environmental friendliness, energy efficiency, and impact or fire resistance. However, a metal roof can also be loud during rain storms or hail, and metal roofs can fail at the seams if installed incorrectly.

Lifespan: 70 years

Average cost: $20,000 to $50,000

Slate

Slate roofing is resistant to fire and mold and absorbs moisture at extremely low rates. However, it is also the most expensive roofing material, so you may save some money by using synthetic slate instead, which costs $12,000 to $30,000.

Lifespan: 100+ years

Average cost: $32,000 to $50,000

Tile Roofs

In certain regions, clay tiles are more popular than others, and they come in a vast array of colors and forms.  Tile roofs are weather-resistant and known for their durability in harsh weather, but as durable as they are, tiles can still crack, especially from impact damage.

Lifespan: 50 years

Average cost: $8,000 to $22,000

Additional Costs to Consider When Replacing Your Roof

Other than the basic cost of replacing your roof, there are a few factors that you may need to consider. This includes the original condition of your roof. Holes and leaks can make repairing a roof more difficult, time-consuming, and costly.

The cost of a roof inspection at several points during the replacement process, which is mandatory in several locations, can be quite expensive. You may also have to pay fees to dispose of the old roofing and siding materials after replacing them.

What Type of Roof Should You Choose?

If you are just beginning your roofing project, it may be helpful to bring on an experienced roof contractor.  It will save you time and money. Working with your contractor from the beginning can give you a clear idea of the advantages and disadvantages of each roof type, so you can select the best roofing material at the best price for your individual needs and preferences.

Contact Us for Assistance with your Roofing Selection and Budgeting