How to Budget for a Roof Replacement

What Does a New Roof Cost?

A roof replacement is one of the biggest expenses a homeowner will face. For an average single-family home (1,500–2,000 sq ft roof area), typical costs are:

Asphalt shingles: $5,000–$10,000 (15–30 year lifespan)
Architectural shingles: $7,000–$14,000 (25–50 year lifespan)
Metal roofing: $10,000–$22,000 (40–70 year lifespan)
Tile: $12,000–$28,000 (50–100 year lifespan)

Factors That Affect Your Cost

Roof size: Measured in “squares” (100 sq ft each). Most homes are 15–25 squares.
Pitch/Steepness: Steeper roofs cost more due to safety equipment and slower work.
Tear-off: Removing old shingles adds $1,000–$3,000.
Damage: Rotted decking or structural repairs add to the base cost.
Location: Costs vary significantly by region and local labor rates.

How to Budget

Start early. Most roofs show signs of aging 2–5 years before failure. Budget when you see curling shingles or granule loss.
Use our calculator. Our Roofing Cost Calculator gives you a range based on your roof dimensions and material choice.
Get 3 quotes. Always get at least three written estimates from licensed, insured contractors.
Plan for 10–20% over. Budget extra for unexpected repairs discovered during the project.
Check insurance. If your roof was damaged by weather, your homeowner’s policy may cover part of the replacement.

Financing Options

Savings: The ideal option — no interest costs.
Home equity loan/HELOC: Use our HELOC Calculator to estimate payments.
Personal loan: Higher rates but no equity required.
Contractor financing: Convenient but often carries high interest rates. Read the fine print.