Replacing your roof is likely to be one of the most expensive projects that you’ll ever undertake to maintain your home here in Greenville, SC. Every roof has an expected lifespan depending on the type and quality of materials used, but they all need replacing eventually.
Here’s what you should know about the latest roofing trends and how they’ll affect what you pay for a roof replacement.
What Affects How Much My Roof Replacement Costs?
Roof prices depend on two primary factors: materials and labor. Whether you’re getting a new asphalt shingle roof or trying out a metal roofing system, materials are required, and more often than not, the cheapest materials available aren’t the right way to go.
You’ll also need plenty of labor from skilled roofers to install these materials safely and reliably. In general, you can expect forty percent of your roof replacement cost to go toward materials and sixty percent toward labor. Of course, this varies with individual projects and with roofing trends.
The shingles, tiles, or metal panels that make up your roofing system will be the single largest material expense, but there are plenty of other materials as well. These include items like:
- The water-resistant underlayment that goes on before the shingles
- The soffits that protect your rafters from weather and pests
- The drip edge or flashing that directs water at the edge of your roof
There are also multiple steps that go into the labor side of your roof replacement. Labor costs have to cover the removal or tear-off of existing roof materials, the installation of the new roof, and the ensuing cleanup. Altogether, a lot goes into every roofing project.
What Are Roofing Prices Like in 2022?
The COVID-19 pandemic saw a massive spike in the cost of construction materials around the world. While some areas have seen recovery, roofing materials are still rising. Many of the country’s top roofing material companies have announced price increases for the first few months of 2022.
SRS Distribution is the single largest network of independent roofing materials distributors in the US. In January 2022, they increased their prices on asphalt shingles and other residential roofing materials by between 5 and 10 percent. These changes come after both supply chain disruptions and raw material shortages.
GAF, the leading roofing materials manufacturer in the US, similarly raised its prices at the end of January. The 6 to 8 percent price increases affect all residential roofing products. GAF also pointed to raw material and transportation costs as the reason.
Roofing Industry Hit Particularly Hard
While the price of construction materials is up across the board, roofing materials and steel are the two hardest-hit categories at the present time. The industry is still recovering from inventory shortages that began in 2020. While certain roofing trends have relaxed demand, these factors mean that roof prices are still on the rise.
Getting the Most for Your Roofing Investment
Roofing prices are up, but you can still take steps to make sure you get the best value for your investment. You can put your trust in the professional roofing contractors at Beemer KangaRoof® to get dependable installation with high-quality roofing materials. Just reach out today to get a quote on your next roofing project.
