April showers bring May flowers, but they can also bring leaks and water damage. Your home’s roof is the barrier that protects you and your belongings from rain, snow, wind, and sunlight, and gaps in that barrier can lead to water damage, mold, high energy bills, and invading insects and animals. If your roof is old or damaged, roof replacement is likely a good investment. Still, the expense associated with roof replacement gives some homeowners pause. The cost of a new roof will depend on a few factors, but homeowners can consult Your Project Loan for financing options and make wise choices to keep expenses reasonable.
Roof Size and Square Footage Play a Role
The typical range for roof replacement, according to HomeAdvisor, is between $5,415 and $11,113, but countless factors can cause your actual expenses to be lower or higher than that range. Your roof’s size and square footage have a direct relationship to the total cost, with larger roofs requiring more materials and labor. Your roof’s square footage is not the same as the square footage of your home; things like entryways, garages, and overhangs can contribute to the size of your roof, and your roofing contractor will also factor in your roof’s slope.
Choosing Materials for Roof Replacement
Shingles come in a few standard material options: wood, copper, asphalt, tile, and slate. However, selecting materials for roof replacement isn’t as simple as just choosing a type of shingle. Your roof may also need new underlayment, vents, decking, and flashing, and each of these materials contributes to the overall cost.
Location, Material Disposal, and Other Cost Factors
Roof replacement doesn’t just include the costs for installation — your roofing contractor will also have to remove your current shingles, underlayment, and other materials. This adds to labor costs and will usually contribute a material disposal fee. Other common variables that influence the cost of your new roof include:
- Your geographical location
- The style of your new roof
- Potential warranties and manufacturer or contractor add-ons
- Any related work that needs to be done
If you’re scheduling roof replacement, you may also need to pay some attention to your home’s insulation and ventilation, particularly in the attic.
Your Project Loan Can Help
When you decide you’re ready to get to work, don’t let financing hold you back. We offer a vast array of loan services, just for you. You’ll never need to worry about paying too much out of pocket for your home improvement projects, and you can start working on your home improvements immediately. We also are partnered with the best dealers in the area, so you’ll be supported throughout your entire project.
We know that home improvement projects like these are urgent matters. This is why we offer a nearly instant loan decision once you fill out our 60-second loan inquiry! We conduct business in all 50 states* and our rates start as low as 4.5%* and terms go up to 15 years! HFS Financial can help you find financing up to $200k* for your project! What are you waiting for? See your options today!