What Will My New Roof Cost?

2023 Builder of the Year awarded to Chris Mulberry, owner of Mulberry Builders.
2023 Builder of the Year award given to Chris Mulberry, owner of Mulberry Builders.

What Will My New Roof Cost?

Aerial view of roofing contractors completing roof replacement in Lexington Ky on the house with shingle and tin roof.
As homeowners, we understand that the roof plays a pivotal role in safeguarding our most cherished investment—our home. However, the need for a new roof can often be an unexpected and daunting expense. At Mulberry Builders, we believe in empowering homeowners with the knowledge they need to make informed decisions about their roofing needs.

Breaking Down the Numbers

The question “how much does a new roof cost?” is a common inquiry among homeowners facing the prospect of a roof replacement. According to reputable sources, such as the U.S. Department of Energy, the average cost of a new roof hovers around $9,338. However, it’s essential to acknowledge that this figure is not set in stone. The specific cost of a new roof is influenced by several factors, including the size of the roof, the choice of materials, and the complexity of the project. Here in Central Kentucky a new roof can cost closer to $20,000 for larger, or more complex roofs, so keep that in mind!

Roofing Material Options

While you don’t have control of the size or shape of your roof, you can determine what materials are used. The choice of materials can significantly affect the overall cost. Let’s explore some common roofing material options and their impact on your new roof cost:
  • Asphalt Shingles – Known for their affordability and durability, asphalt shingles are a popular choice among homeowners. They typically fall within the mid-range cost bracket, ranging from $7,000 to $11,000 for lower-end 3-tab shingles, and slightly higher for architectural shingles.
  • Metal Roofs – While metal roofs offer exceptional longevity and weather resistance, they generally come with a higher price tag. The cost of installing a metal roof can range from $15,000 to $40,000, depending on the specific type and size of the roof.
  • Wood Shakes – Offering a rustic aesthetic appeal, wood shakes are favored for their natural charm. However, their cost typically falls within the higher end of the spectrum, averaging between $20,000 and $50,000 for a new installation.
By understanding the costs of different roofing materials, homeowners can make informed decisions that align with their budget and aesthetic preferences when budgeting for their new roof.

Working with Insurance and Financing Options

At Mulberry Builders, we recognize that unforeseen roof replacements can place a strain on homeowners’ finances. That’s why we offer support in working with insurance companies to help mitigate the financial burden when applicable. Our team is well-versed in navigating the complexities of insurance claims, ensuring that homeowners receive assistance with their new roof cost when possible.

Moreover, we understand that not all homeowners have the immediate means to cover the cost of a new roof upfront. To address this, Mulberry provides flexible financing options tailored to suit individual needs.

We Are Here To Help

Understanding the details that impact new roof costs will get you a step ahead when you start budgeting and saving for your home’s future. With Mulberry Builders by your side, you can embark on the journey of roof replacement with confidence, knowing that you have a dedicated partner committed to transparency, quality, and customer satisfaction.

If you’re considering a new roof or have any questions regarding new roof costs, materials, or financing, don’t hesitate to reach out to us. At Mulberry Builders, we’re here to guide you every step of the way.

Disclaimer: The cost estimates provided in this article are intended as general guidelines and may vary based on specific project requirements and regional factors.