The Cost of Shingles: Roofing Materials & Installation
Your roof’s structural integrity depends on the quality of your shingles. This underappreciated roofing layer is more than mere asphalt. Its architectural value can alter your home’s aesthetic utterly. A splash of red cedar or slate can transform a dull property into a spectacular one. That doesn’t make the potential cost of shingles easy to stomach, though.
Premium metal products can set you back a thousand dollars per square. Even so, the money you spend on your roofing isn’t just an expense. Its returns on resale are significant enough to make your shingles an investment rather than an expense. Let’s take a closer look at the cost of shingles.
Calculating the True Cost of Shingles
When you budget for remodeling costs, it’s important to respect the difference between cost, price, and value. The cost of shingles is the money you spend replacing your roof. Price represents your return on investment, and value is what buyers perceive your home to be worth when you finally sell it.
If you focus on maximizing value and investment returns, you can transform the cost of shingles into a profitable decision. A gleaming new roof increases property value by an average of $15, 427. That works out to a return on investment (ROI) of 68%–a significant sum. If you maximize value as well as ROI, you can reduce the cost of shingles while simultaneously boosting your profits.
Think of ROI as the banker of the roofing world. It asks you to choose your roofing purely by what it will do for your pocket in the long run. In contrast, value is the magician of the remodeling world. It can convince buyers that your property is worth more than it really is, thereby pushing up your profits upon resale.
The Practical Cost
Sometimes, shingles can cost you more than they’re worth. Chosen poorly, they can expose your home to serious damage, driving their costs beyond their initial outlay. Smart remodeling choices are about more than mere numbers. Shingles must fulfil their purpose, which is to keep your roof safe from Mother Nature’s tantrums. They form a protective layer over your roof base.
If they’re watertight and allow ice to slide away from your roof, they improve its structural integrity. Torn shingles allow water to creep between the seams of your felt, which can cause untold damage to your interior walls and furniture. Those cheap shingles will become more expensive than you think, not just in terms of upfront costs, but also repairs. Sometimes, cheap roofing is more expensive than premium roofing, so the cost of shingles isn’t as straightforward as you might like.
The Upfront Cost
Let’s get down to the numbers because your bank account isn’t getting any fuller. On average, the cost of shingles per 3, 000 feet is around $5, 000 to $12, 000. A hundred square feet should cost you $170 to $400. That broad price range accounts for material costs: Asphalt falls at the bottom of the market at a minimum of $100 per 100 square feet. It gives your home a sculpted aesthetic and is durable enough to last you up to 30 years in easy climates.
Three-tab options are at the bottom of the price spectrum, while dimensional ones are at the top. The latter produce a wooden aesthetic without the costs of real cedar, so their value is higher than their upfront price. Asphalt isn’t durable enough to protect shallow roofs, though.
Cedar shakes are more expensive thanks to their extensive lifespan and rustic elegance. White cedar is particularly popular, maximizing your value through spectacular looks. Wood is, however, far from perfect. It’s prone to rot and fire. If left unmaintained, you can expect algae growth, which will ultimately wear down your roofing.
Cedar shingles might cost you $480 per 100 feet initially, but their maintenance costs can really push up those upfront figures. Even so, stylish buyers find it difficult to resist, so your resale value might make the cost of shingles less expensive than they seem.
Metal shingles cover a huge price range, starting at $300 a square and ending at $1, 800. They’re some of the most durable options on the market and can protect you against the harshest weather.
Clay covers a narrower range of $600 to $800 per square. Slate roofing is one of the most practical options in the industry for its extensive lifespan. It can cost as much as $1, 600, but it can maintain its integrity for centuries.
The cost of shingles is far from straightforward, but if you navigate your choices well, they’ll earn you more money than they cost initially. Some of that value comes from the sheer satisfaction of owning a beautiful home, and that’s worth more than any dollar value can express.