One of the most common questions we get asked in relation to roof replacement how mich it costs. The answer is always the same: it depends. Here oof replacement and termite inspection company Optima Home Inspections shares an overview of what goes into the cost of a new roof.
Why Roofing Estimates Are Different
It’s not an exaggeration to say that each roof is unique due to variables such as area, slope and roofing materials. This is why you never get an immediate quote from roofing contractors, as they first need to thoroughly inspect the existing roof. A reputable roofing contractor should give you a detailed breakdown of the roofing costs and offer you the option to make changes until you find a good combination that suits your budget.
Roofing Cost Breakdown
The exact percentages may vary, but here’s a breakdown of a typical roofing estimate:
Materials: 42% — In addition to the outer roofing material such as asphalt shingles, standing seam metal or tile, ithis category also includes other components that make up the roofing system, such as underlayment, ridge caps, flashing and fasteners.
Labor: 17% — Sometimes referred to as “installation” costs, this also includes administrative costs, to cover the company’s payroll taxes and workers’ compensation insurance.
Tear-Off: 12% — Roofing tear-off is separate from labor costs. In addition to the costs associated with the labor required to tear off the old roof, this category also includes disposal fees. Some homeowners may choose to have the new roof installed over the old roof to save on tear-off costs, but this is generally not recommended, as it won’t allow you to address possible structural issues.
OSB: 14% — Oriented strand board (OSB) is the material used for decking, which may or may not require replacement depending on the condition of the existing roof deck. In addition to the cost of the material, this category also includes delivery costs.
Everything Else: 15% — The last 15% covers miscellaneous associated costs such as liability insurance, permits and federal state taxes, among other things. General overhead costs may also be incorporated here.