How Much Does A New Roof Cost In 2024?

The cost of a new roof generally falls between $15,159 and $27,580, with most homeowners paying an average of $21,054. The final price depends on several key factors, such as the size of the roof and the materials you select. While roof replacement may seem daunting, it offers a significant return on investment when done properly. Understanding the costs involved is crucial, and it’s important to know when a full replacement is necessary versus making repairs. Additionally, exploring financing options can help make the process more manageable and affordable for homeowners looking to upgrade their roofs.

Key Cost Factors of a New Roof

Installing a new roof is a significant project that requires careful consideration of various factors affecting the overall cost. Key elements include the size of the roof, materials chosen, labor costs, and potential removal of the old roof. Weather conditions and local building permits can also impact the final price.

Cost Based on Roofing Material

When selecting roof materials, there are many options to consider. Asphalt shingles are among the most affordable, starting at $4.25 per square foot. On the higher end, copper roofing can reach $20 per square foot. Check our “Cost of New Roofing Materials” guide for more details on material options and average costs.

Cost Based on Roof Size

The size of your roof plays a major role in determining the cost of materials and labor. Even an increase of a few hundred square feet can significantly raise the overall expense by thousands. Below is a breakdown of how new roof costs fluctuate based on square footage.

Roof Slope and Pitch

A steeper roof pitch significantly raises the difficulty and risk for workers, leading to higher labor costs. Roofs typically range from a 3/12 to 6/12 pitch, meaning the roof drops 3 to 6 inches per foot. Anything above 6/12 is deemed complex, requiring additional labor and costs.

Your Location

The cost of home improvement projects, such as roofing, varies depending on your location. In regions with a higher cost of living or challenging climates, you can expect to pay more. This is due to increased material prices and the added difficulty roofers face working in extreme weather conditions.

Permits and Inspections

In most Maryland counties, a building permit is required before replacing a roof, followed by an inspection. According to the Maryland county planning sites, permit costs typically range from $150 to $500. Your contractor will usually handle obtaining the necessary permits, but you can also contact your local Planning and Development office to inquire about any required applications you may need to file.

A homeowner association’s consent may also be needed before starting a roofing project. Check these boxes before making any additional purchases.

In order to make sure the roof is up to code, your town could additionally demand that a building inspector check the project several times during the construction process. Verify the regulations in your municipality to determine whether you need to budget extra for roof inspections. Once more, the Planning and Development department of your town can help you schedule your inspection. You should budget between $150 and $500 for this.

Labor Costs

One of the most expensive parts of installing a new roof is labor. Roof labor is dangerous, demanding, and skill-based. The average price for a professional roofer is $11 per square foot or around $60 per hour. The cost of your roof project will go up if you schedule it during the summer when demand is highest. Complex roof designs, such as those with several skylights and chimneys, will also cost more.

Other Factors Affecting Roof Replacement Costs

When organizing a roof replacement project, there are a number of additional financial considerations to take into account, such as the following:

Taking off the old roof: You can install some roofing materials over an existing roof, but if you have to rip off the old materials, you should budget between $0.40 and $2 per square foot. The cost is determined by the material.

Getting rid of old materials: If you’re going to pull off an old roof, you’ll probably also need to pay to have the materials disposed of correctly. This is often added to labor charges by roofers.

Fixing structural issues: You must take care of any existing problems, such as water damage, rotting wood, leaks, holes, pest infestations, or other structural issues, before putting in a new roof. The severity and nature of the issue determine how much it will cost to fix this.

Getting a roof warranty: These are advantageous because, in addition to often covering routine inspections and small repairs, they can raise the market value of your house if they are transferable to a future owner. Manufacturer warranties typically vary from $500 to $5,000, while contractor warranties can cost anywhere from $500 to $2,000. 

Cost of New Roofing Materials 

The cost of roofing materials varies widely. If your high square footage requires careful consideration of material, the price can mount up rapidly.

Asphalt Shingles

An asphalt shingle roof remains a popular, cost-effective roofing choice due to its affordability and versatility. Its lightweight nature makes installation easy, and it comes in a variety of colors and styles, offering plenty of customization options. Asphalt roofs are durable, though they do require regular maintenance every few years.

However, they are more suited for moderate climates. Extreme weather conditions, such as frequent temperature fluctuations, can cause the material to expand and crack. In hot climates with intense sun exposure, asphalt may not perform as well, so homeowners in such areas should consider alternative roofing options.

Metal Roofing

Metal roofs are resilient to fire, energy-efficient, and long-lasting. However, some metals can be more expensive and prone to rusting. If you reside in a cold, snowy region, metal is a fantastic alternative. A metal roof can withstand strong winds and snow and ice with ease.

Learn about some of the most popular choices for metal roofing:

• Aluminum shingles: Although less costly than other metal alternatives, aluminum is just as strong and long-lasting.
• Copper tiles: Although copper is one of the priciest metals available, it is durable and develops a beautiful layer known as a patina.
• Corrugated metal: Installing and maintaining corrugated metal is a simple task. Its construction increases its resistance and durability.
• Standing seam metal panels: Metal panels last a long time and require little upkeep, although not all metal kinds are advised for humid areas because water might collect and rust them.
• Steel shingles: If you choose stainless steel, steel roofing can be more expensive but is still one of the most resilient roof materials. 

Tile Roofing

Tile roofs are low maintenance, energy-efficient, and very resistant to rot. However, not every roof slope is a good fit for them, and installing them can be challenging, so costs should increase. Tile roofs are common in warm coastal regions. This material is perfect for warm or coastal settings.

The most common types of roof tiles are:

• Clay and ceramic tiles: Although pricey, these materials are long-lasting and easily customized.
• Slate tiles: Slate roofing is durable, but you may need to spend extra for additional roof reinforcement due to its weight. 

Other Roofing Materials 

Some alternatives for roofing materials are wood, concrete, and ethylene propylene diene terpolymer (EPDM). It is advantageous to use wooden shingles in cooler climates. They are resistant to wind damage and act as insulators. Concrete is preferable in hot areas since it reflects heat, whereas EPDM is known to shrink or break when exposed to extreme temperatures over extended periods of time.

Find out more information about each choice:

Cedar shakes or shingles: Wood shingles are more aesthetically pleasing and can be easily repaired, but they need more upkeep and are susceptible to mold, mildew, and vermin.

Concrete tiles: Though they need a large initial outlay, concrete tiles are strong and long-lasting.

Materials for flat roofing: EPDM roofing is inexpensive up front, but labor costs to replace or repair it are frequently higher.

Should You Repair or Replace Your Roof?

A full roof replacement may not be necessary. If you’re dealing with any of the following problems, more affordable repairs could be enough:

• Minor damage from wind or hail
• Missing or improperly installed flashing
• Small leaks caused by the deterioration of rubber, tar, or plastic around pipes and vents
• Ventilation issues causing condensation on the underside of the roof deck

Addressing these issues promptly can prevent more extensive damage and save you the cost of a complete roof replacement.

Common Roof Repairs and Costs

If your contractor determines that your problem doesn’t warrant a complete replacement, you might be able to save a significant amount of money by just fixing your roof. The following are the typical prices for common roof repairs:

Signs You Need a Roof Replacement

Consider a full roof replacement if you observe any of the following signs:

• Numerous missing shingles
• Significant moss or algae growth (Though not always a structural problem, this can retain moisture and damage shingles.)
• Leaks or water stains
• Aging roof materials that are no longer effective
• Soft, spongy areas indicate rot
• Shingles showing signs of deterioration, such as curling, cracking, shrinking, or blistering
• Structural concerns like sagging

These issues can compromise the integrity of your roof, so addressing them with a replacement is often the best long-term solution.

Professional Vs. DIY Roof Replacement

You might be able to finish simple roofing projects on your own if you know how to fix things around the house, are aware of safety precautions, and obtain the required permits. However, for replacement or significant repairs, we advise working with a qualified roofing contractor.

Dangers of DIY Roof Replacement

Roofing is a high-risk job, with roofers accounting for 43% of all construction-related fatal falls. The dangers don’t end there—improperly installed roofs can lead to costly water damage, compromise the structure, and lower your home’s resale value. Skipping professional help not only puts safety at risk but may also void important warranties. Using a licensed contractor ensures that the work is done safely and correctly, preventing expensive repairs down the road. Investing in professional roofing services protects your home and helps you avoid future problems that could arise from subpar installations or safety oversights.

Advantages of Hiring a Professional Roofing Contractor

One of the main advantages of hiring a professional roofing contractor is safety. Trained in handling heights and sloped surfaces, professionals follow strict safety protocols and use specialized equipment to reduce risks.

Additional benefits of hiring a professional include:

• Expert craftsmanship
• Time efficiency
• Ability to identify potential roof or home issues
• Warranty protection

Working with experienced roofers not only ensures a safer job but also guarantees quality work, saving you both time and future costs.

Choosing the Right Roofing Contractor

Replacing a roof is a significant investment, so it’s essential to choose a trustworthy contractor. Take time to thoroughly check their credentials, experience, and reputation. Make sure they are licensed, and insured, and provide clear estimates. Research customer reviews and ask for references to ensure you’re making an informed decision.

Verify Proper Licensing and Insurance

Before starting a major home renovation, always ensure your contractor is licensed and insured. Roofing contractors typically need a C-39 license in most states. This certification guarantees they meet state standards for safety and professionalism. To verify your roofer’s qualifications, check your state’s Contractors State License Board (CSLB) website. Confirm that their license is valid and up to date. By choosing a licensed and insured contractor, you reduce risks and ensure quality work. Don’t overlook this critical step when hiring for home improvement projects, as it can save you from potential headaches and costly repairs in the future.

Look for Experienced Contractors

When hiring a contractor, always inquire about their experience. It’s important to determine how much experience you’re comfortable with before making a decision. While a newer professional might deliver quality results, most homeowners prefer working with someone who has extensive experience. A seasoned expert often brings a level of confidence and reliability. Additionally, ask to see photos of their previous work to get a clear idea of their skills and craftsmanship. This step helps ensure you’re choosing a contractor with a proven track record of success, giving you peace of mind about your project.

Get Multiple Quotes

It’s important to explore your options before choosing a roofing contractor. Reach out to several companies, discuss your project, and request quotes from each. By comparing prices and services, you’ll make a more informed decision and ensure you’re getting the best value for your roofing needs.

Check Review Testimonials and References

When hiring a contractor, ask for references from their recent clients. However, don’t just rely on those; they’ll likely highlight only positive experiences. To get a broader perspective, check online reviews on platforms like the Better Business Bureau (BBB), Trustpilot, Yelp, and Reddit for honest feedback.

Financing a New Roof 

Replacing a roof can be a significant investment, but fortunately, you don’t have to cover the entire cost upfront. Many financing options are available to make the process more manageable, allowing homeowners to spread payments over time. This makes upgrading your roof more accessible and budget-friendly.

Payment Options

Popular payment methods for roof replacements include:

• Cash-out refinancing: This option lets you replace your current mortgage with a new one for a higher amount than you owe. The extra funds can go toward your roof replacement or repair.
• Credit card charge: If your credit limit allows, you can charge the roof replacement to your card and pay it off in monthly installments. Just be cautious about how much you charge to avoid affecting your credit score.
• Home equity line of credit (HELOC): A HELOC allows you to borrow against your home’s equity, similar to a credit card. You only make payments on the amount you use.
• Home equity loan: If you’ve built at least 20% equity in your home, you can explore this loan option with your bank.
• Roofing company financing: Some roofing companies offer their own financing plans. Be sure to ask about financing options when you request a quote.
• Personal loan: If you’re comfortable with monthly payments, a personal loan could be a good option. Make sure to compare interest rates and loan terms before committing.
• Renovation loan: This loan is based on your home’s post-renovation value, providing greater borrowing power than a home equity loan, HELOC, or cash-out refinance.

Insurance Coverage

If a tree falls on your roof following a windstorm or wildfire, for example, your homeowner’s insurance policy will often pay for the cost of a new roof. Unexpected catastrophic occurrences, like your roof collapsing, might also be covered.

You can submit a claim to get the money needed for roof replacement or repair once you’ve paid the deductible specified by your policy. But before you file, be sure you qualify by speaking with your insurance agent. It’s unlikely that minor problems or those brought on by homeowner negligence will be covered. 

Important Warranty Considerations

If your roof’s manufacturer warranty is still valid, check if the issue you’re facing is covered. If it isn’t, you may be able to claim expenses through your home warranty. Damage caused by normal wear and tear typically has a higher likelihood of being covered. When choosing a home warranty policy, roof repair is usually an add-on, so be sure to review your coverage.

Our Recommendation

A new roof is a significant investment, so it’s important to get it right from the beginning. While small repairs might be suited for DIY, larger repairs and full replacements are best handled by a licensed roofing professional for both safety and quality.

Take time to research roofing materials, and ask your contractor for recommendations based on your home and local climate. Consider both the initial cost and long-term savings—higher quality materials often last longer and require fewer repairs.

Before choosing a roofing company, compare multiple estimates and read customer reviews. Always verify their licensure to ensure you’re getting quality service.

Conclusion

In 2024, roof replacement costs can vary significantly based on factors like material choice, roof size, and labor complexity. It’s essential to research thoroughly, balance upfront costs with long-term savings, and choose the right materials for your home’s climate. Hiring a licensed roofing professional ensures safety, quality, and warranty protection, saving you from costly repairs down the road. Exploring financing options or insurance coverage can also help manage the expense. Ultimately, taking the time to get multiple quotes, verify licenses, and review testimonials will give you confidence in making this important home investment.

FAQs: How Much Does a New Roof Cost in 2024?

1. How much does a new roof cost in 2024?

A new roof typically costs between $15,159 and $27,580, with most homeowners spending about $21,054.

2. What factors determine the cost of a new roof?

The cost depends on several factors, including your roof’s size, the materials you choose, labor rates, roof pitch, and local permit fees.

3. What are the most affordable roofing materials?

Asphalt shingles are the most affordable option, starting at around $3.40 per square foot.

4. Does my location affect the cost of a roof replacement?

Yes, your location impacts the price due to variations in cost of living, climate, and material availability.

5. Can I finance a new roof?

Yes, you can finance a new roof with personal loans, home equity loans, or financing plans offered by roofing companies.