Home ownership comes with a lot of perks. You have more control over your monthly housing payments, the emotional security of having your own space, and the freedom to personalize it however you want. But owning a home also comes with its challenges. If you’re the owner, there’s no landlord to call for help. You’ll have to do all the repairs on your own. This also means that you have to shoulder these costs, which can sometimes be a lot, especially when it comes to major projects like roof replacement.
If you’ve ever worried, ‘How much should I save for a new roof?’, you’ve come to the right place. In this article, we’ll discuss what impacts the price of roofing and how you can determine how much it might cost you.
What is the average roof replacement cost?
When considering buying a new roof, it makes sense to determine how much an average roof replacement costs. However, the answer to this question is quite complex. Why? Because it depends on many factors, including your home’s location, the extent of damage, the size of your pitch and roof, and the type of roofing material you choose.
For example, an asphalt roof replacement can cost anywhere between $5,000 and $25,000, while a metal roof can cost significantly more – up to $80,000. Homeowners who are thinking about investing in solar panels should expect to pay between $10,000 and $52,000 ($16,000 is the median).
As you can see, there is quite a difference in these numbers. If you’d like a more accurate estimate of how much you should save for your roof, follow the steps below.
Use our roof cost calculator
On the American Home Contractors website, you will find a roof cost calculator. It will give you an estimate based on your address and choice of materials. If you need personalized assistance, you can contact our team.
Schedule a roof inspection
When using our roof cost calculator, you’ll get an approximate estimate. However, to understand how much exactly you have to save, you’ll need to schedule a roof inspection with a professional. During the process, an expert will thoroughly examine your roof, including its flashing, decking, and vents, and will check for any damaged areas.
In some cases, a complete roof replacement may not be required. Instead, a professional contractor may give you a timeline for when you should deal with issues before they become bigger problems. Moreover, addressing minor repairs as they arise will help you extend the lifespan of your roof and avoid the major costs of reroofing.
Think about the materials
One of the main factors that impact how much your roof will cost you is the choice of materials. Generally, asphalt shingles are considered among the most affordable (but even they come in different options and, therefore, price ranges).
Alternatives, such as metal, slate, or tiles, are more expensive but usually have longer lifespans and require less maintenance. For this reason, the high up-front costs can often pay off in the long term.
Additional costs to be aware of to know how much to save for a new roof
Beyond the basic material and labour charges, there are additional costs you should be aware of. Be sure to factor them in when planning your roof replacement budget.
Disposal fees: If you’re not building a roof from scratch, you’ll have to remove the old roofing and dispose of it. This can cost anywhere between $100 and $500.
Structural works: Sometimes a roof replacement may reveal significant structural damage, which can increase the overall cost of the project, depending on how much work is needed.
Permits: In some states and cities (including Maryland and Virginia), you may be required to get a permit for your roof work, which costs between $70 and $500.
Insulation: If you’d like to upgrade your long-term energy efficiency, you might need to improve your insulation, which, of course, adds to the bill.
Final thoughts: How much should I save for a new roof?
Getting a new roof can be a significant financial undertaking, which is why it is important to plan and budget it carefully. A critical step in the process is hiring a reliable and qualified contractor who can find the best solution for the longevity of your home.
For nearly 40 years, American Home Contractors has been a top choice for those looking for professional roofing companies in Maryland and Virginia. When you choose to work with us, we’ll ensure you make the most of your investment.
Interested in learning more? Chat with our friendly team here, or read about our roofing solutions here.
Fact Checked by Lita Legzdina on 04/23/2025