A full roof replacement is undoubtedly the most expensive roofing project and that’s pretty much a no-brainer. The expense of purchasing new material, hiring professional contractors and labor, and the entire installation can all quickly build up into an overwhelming sum. A recent study estimates that an average asphalt roof replacement costs around $20k in the US. This of course, is a mean variable and the cost for your roof replacement can be more or less than this amount.
There are a couple of things that decide the eventual cost of the full roof replacement project
including the size of your roof, your area and the complexity of your house’s framework amongst other things. Whatever the final cost is, roof installation never comes cheap and you certainly can’t shimmy your way out of it when the warning signs kick in. Be it advancing age (we’re talking 20 years and up) or irreversible leaks, your roof will need to be replaced at one point in time.
How to save big on your Roof Replacement Project? We’re sharing some of the best roof replacement hacks for you!
How is the final cost of your roof replacement calculated?
There’s no set or predetermined cost of roof replacement. Your contractor will inspect your roof and come up with an estimated final cost for a new roof. How this sum is calculated depends on multiple factors. For starters, the materials used in your roof matter a lot in determining the final cost of it. Asphalt is a popular choice because it holds well and it can be one of the more affordable options in the market currently. On the other end of the spectrum, metal can greatly shoot your costs up.
The material of your shingles isn’t the only thing that determines your roof cost. Materials used in your flashing, insulation, and drip edge etc. play a part as well.
One of the most important determinants of roof replacement cost is, however, the labor employed to do the job. Skilled, professional labor doesn’t come cheap and may actually make up half of the total cost of your roofing project. The more the complex your roof structure is, the more cost will be invested in labor.
Finally, disposing and stripping the old roof also requires a substantial amount of money that could add up to the total sum of your roof replacement.
How do you know it’s time to get a roof replacement?
Normally homeowners will wait till the very last breath their roof takes before considering a roof replacement. Roofs are most frequently replaced when they have reached their age limit which is around 15 to 20 years. Age isn’t the only factor you should be basing the timing of your roof replacement project though.
Some cardinal signs of a roof that needs to replaced include irreparable leaks, missing shingles, edges of the shingles curling, and shedding of roof granules.
How to Save Money on Your Roof Replacement
There are a couple of things you can do to lower the final cost of your new roof. Bear in mind that every point listed needs to be worked on thoroughly to avoid any future repair costs.
#1: Familiarize yourself with the roofing lingo
There’s nothing more careless than a homeowner that has no idea what’s about to entail on his roofing project. To understand how the costs will add up and how each process will work, you should familiarize yourself with the project. Learn about how the roof replacement will ensue and understand how the size and the complexity of your roof will affect the outcome.
You should also be in the know with roofing language. For example, one roofing square is a term that is used synonymously with 100 square feet of the material required. Understanding the technicalities will help you move more rationally in the process and bring down the cost of your new roof.
#2: Don’t settle for the first roofer you find
Hiring the right contractor can make or break your entire roofing project. Before you sign a deal with anyone, do your research and search for the best contractors around you. You should ask for referrals, past projects and their experience before considering hiring them. You should also double check whether they are certified, have a sound insurance policy and offer an extended warranty.
The right contractor will never overcharge you and make the project worth every penny spent.
#3: Timing matters!
You don’t want your roof replacement project to be underway during the stormy season. Rain and snow can delay the project and this can not only add to your mental stress but also elevate the cost of your roofing project.
#4: Insurance coverage can come in handy
If you have your home and roof insured, consider getting the roof replaced through your insurance coverage. Most insurance companies will cover the costs of roof damages that are not a result of neglect and can help you save big.
#5: You COULD go DIY for some things
Warning: do not attempt this unless you’re completely confident that you can.
To bring down the cost of your roof replacement, you could consider removing the old roof off yourself without professional help. This will save you a chunk load of cash on your roof replacement project because you won’t be requiring anyone to dispose of your materials anymore. However, this is a complex, lengthy, and not to mention time-consuming process which, if done poorly, can increase your roof replacement costs instead of bringing it down. Proceed cautiously!
#6: Overlay is one option to consider
Although we highly recommend you don’t go down this road but if you want to be extra economical, you could place the new roof on top of the old one without stripping the old one down. This overlay method is widely practiced because of its affordable appeal but it’s seldom successful. Overlay roofs can actual cause problems in the future and repair costs can go sky high.