How Much Does a Roof Replacement Cost? Your Budgeting Guide

As the DIY market climbs toward the $14 billion mark, many homeowners are taking on the hardest tasks in home ownership to help cut costs.

Given that roof replacement runs from $1,500 to $10,000 depending on your material and the size of your home, some homeowners opt to go DIY. Rather than taking on this difficult and challenging task yourself, calculate your roof replacement cost based on what you need and what you can get.

Here are five tips for budgeting your roof replacement.

1. Be Sure It’s Time For a Replacement

Before you open up your checkbook or pull out your credit card, it’s vital to do a little bit of homework. If you don’t know the state of your current roof, you might pay a huge replacement bill where a small repair would suffice.

Do a little research about some of the materials and the terminology to determine whether the prices you’re getting are competitive.

While talking to contractors, get to know their pricing terminology. Most roofers estimate by the “roofing square”, which is about 100 square feet of roofing material. When your pricing estimate is by the roofing square, you’ll know what that means.

For the cost of a new roof, you may end up having to dip into your savings. That’s an unappealing way to pay for a roof, so ensure that you need as much as you think you do.

If you’ve noticed that the edges of your shingles are curling and that the granules from your shingles have made your roof bare, it’s probably time. Brittle and cracked shingles are another sign to look out for.

If you’re dealing with water leaking into your house or fully missing shingles that reveal the mat underneath, these are sure signs to get your roof replaced. There’s a lot of rain in Miami, even if just for a few minutes each day, you don’t want to spend the rest of the day tripping over buckets or sopping up puddles.

Water doesn’t need to be coming down for you to replace your roof but it’s a surefire way to know it’s time to start investigating. The longer you wait, the more damage your home incurs. Water damage is often more severe than what we see as a result.

2. Ask Around

Before you make the leap and invest all of your money into a new roof, check out what the local roofers have to offer. Ask any other homeowners in Miami Dade County who they’d recommend.

Start your search online. Since most businesses have moved their promotion and marketing online, there are more ways than ever to find out about companies. You can see pricing schemes, reviews, and photos of their results.

Ask roofers in your region to bid on the job you have for them. You’ll notice some trends and a general price range. If someone undercuts the rest of the competition by more than 30%, be wary of what that means.

Every roofer you speak to should offer a warranty on their materials and the installation job. It should last at least one year if not more like five. Having a warranty guarantees that you won’t be dealing with your problems for another season.

Ask roofers for references. Any roofer proud of their work is happy to offer references to pleased customers.

3. Timing Matters

If you’re considering having your roof fixed in late summer or early fall, you’re not alone. That’s when most people get their roofing repaired in preparation for autumn wind and rain then the following winter.

Don’t expect to get a good price during this time, since everyone will be having their roof worked on and roofers will have no shortage of customers. Try going off-season to ensure you get a better price.

If you’re looking to get your roofing done with the same quality but at a competitive price, go when roofers are hungriest for clients. Timing your roof replacement for spring or late winter ensures you’ll be able to negotiate your price to something within your budget or below it.

4. Insurance Helps

While most homeowners think that the responsibility of roof replacement sits on their shoulders alone, it may not. It’s common for homeowner’s insurance to provide coverage for roof replacement and repair.

So long as the home is being kept up and the roof isn’t left in disrepair by neglect, insurance companies often award homeowners with funding for roof repair. Repairing a roof ensures that further damage to the home is less likely. Electrical fires caused by pooling water, structural damage that leads to collapse, or even mold and mildew all get eliminated by a repaired roof.

Florida roofs face a lot of wear and tear from hurricanes, storms, and wind. Document if a storm has caused damage to your roof. Heavy hail or wind that resulted in shingles being knocked loose could be eligible for full repayment by an insurance company. If you don’t know, call your insurer and ask.

5. Lend a Hand

If you want to lower some of the burdens of the price of replacing your roof, pick up a hammer on your own. Many DIY-loving homeowners decrease the cost of roof replacement by doing some of the work on their own.

Take some time to get the tools and safety equipment for removing your old roofing a few days before your contractor begins. If done correctly, you cut down on a full day of labor costs. The moment your roofer arrives on site, work begins thanks to the prep you’ve done.

However, talk to a roofer before you start tearing it apart. It’s not easy work. It’s tiring, dangerous, and is more complicated than you realize. Roofing tiles aren’t always eligible for regular trash pickup and so you’ll have to arrange disposal on your own.

Your Roof Replacement Cost Could Be Slashed

If you choose the right contractor and end up doing some of the work on your own, your roof replacement cost could be chopped way down. Rather than taking on all the costs, offsetting the costs with some of your own elbow grease is a smart idea.

To learn more about what professional roofers have to offer, contact us today.