SHOCKING! What A New Roof Will Cost In 2024!

A new roof will cost a lot more this year than last year. The cost of roof materials has risen several times over the last 4 years, which means that your new roof will be more expensive than ever before.

Homestead Roofing, Inc is a licensed and fully-insured roofing contractor in Colorado Springs, Colorado and serving homeowners in Colorado Springs, Fountain, Falcon, Peyton, Manitou Springs, and other surrounding communities.

00:00 Introduction
00:27 Average annual cost increase
00:54 What is causing the increases?
02:34 What will determine your cost?
03:21 What if you have insurance?
04:29 Factors which will affect your cost
05:08 Factor #1
07:04 Factor #2
08:37 Factor #3
10:36 Factor #4
11:56 Factor #5
13:36 Reminder!
14:12 The Bottom Line: Cost

[nikosolikos]

You should have seen the GAF big wigs face when I asked during a recent training the exact same question you have. IS THIS PRICE FIXING????!! His eyes lit up so fast and this was the answer. "GAF raises their prices independently and then the other manufacturers raise theirs after we do" huh

They gave me a 10$ starbucks card for asking questions and participating. Then they tried to pitch me on using their credit card payment system that takes 3% off the top and he told me to just raise my prices to cover the cost. Great advice.

[randolphwilson]

Price increases are somewhat expected. However for Senior living on fixed incomes puts many of us a quandary. I have a 17 year old roof now. I need to have the roof inspected, but I'm hesitant due to finding a reliable person to do so. Anyway perhaps I could make a few repairs if needed. Little wonder why new homes are so expensive.

[prawnstar]

We use a big sheet of plastic to throw materials onto and it’s really not hard to put it into a dumpster.. but bought my own roofing materials and hired 5 guys from a halfway house (paid them $40/hr) and rented most of the tools .. total cost was $8000 for the dumpster, materials (shingles, roof felt, two pieces of wood board, roof glue, rented 3 nail guns, three air compressors, staples and roof nails, 4 staple guns, and labor) for a one level roof that is 1825 sq feet. Every single one of the guys I hired had done a roof before which I didn’t expect. To prepare I had spoken to guys at Home Depot, Read a how to manual, watched many YouTube videos, and took pictures of how it was done before so I could basically copy it. The lowest quote I had received in 2023 was for $20k. The materials quote was double was I paid and I bought the exact same brands. I did not buy materials from a wholesaler and thought buying wholesale meant you pay less. I thought materials markup for contracting companies was usually 20% for having to load and drive things to the site. Truck depreciation etc. That’s understandable… but materials for double? WTH! And I’m going to say they do not pay their employees more than $25/hour at most so I don’t understand where the costs are coming from other than greed. I highly recommend doing it yourself with buddies especially if you start with a roof that is still holding up, isn’t very steep, and isn’t complex in shape/structure. Be sure to understand city codes and follow them before you start. It wasn’t hard to understand how to do it. The actual work is hard yes because we are lazy a holes

[KenPrice-vjih]

I am 65 yo retired welder and just finished re-roofing my home by myself. My home is 2800 SF total, 2000 SF add-on to original 800SF 1939 A-frame with a valley in between and another gable out the back(another valley). I already had nail guns, small compressor, box of roofing nails and project took me about a month. I prefer to support small businesses but I bought all the materials from Lowes. I got estimates from smaller roofing suppliers but costs were same or more than Lowes and they would not offer any discounts or price match. As a veteran, Lowes always gives me 10% plus if you buy an entire pallet you get 10% more for 20% discount. I backed my 14K dump trailer up to my back door which is about 7' high, threw used shingles/decking into, 4 loads to dumps and I believe total was near 8K pounds. Then I picked up 3 pallets of shingles(about 9K pounds) plus: decking, ice/water shield, underlayment, valley flashing, drip edge, gutters from Lowes. Lowes will not put shingles onto roof so I backed my trailer up to 7' roof and made a stairway with shingles up to roof. I had a pallet left over and working on re-roofing my shop now but will have to carry shingles up ladder onto shop roof. I spent $7K on house roof and have a pallet of roofing left over for shop roof. Total cost by roofing company would have been over $40K. I would recommend having a harness, retractable lifeline anchored to trusses. I had several on house and shop so I can move around safely

[hoss]

Makes sense. One bundle of crusty old GAF shingles is about $40 at my local Lowes.

[teriliebmann]

My roof estimates vary by 500 sq ft 😢 Who do you trust. Now I need to learn how to do a take off to see who's is correct.

[SGT._ROSIE]

Can you please tell me the color shingle in the billboard behind you? We live in Grand Junction thank you!

[prawnstar]

I hired the help of people in a halfway house and saved thousands. There wasn’t a single guy that hadn’t done it before

[LizRobinson-jo]

How much should a 1188 sq fr cost? Including a carpet

[teriliebmann]

Finding a honest roofer is very hard to find 🤑 cost in Maui due to Pandemic and then the fire has msde Many out right thieves 😢

[wkw]

I got estimates in 2021 knowing I wasn't in a rush to get my roof done because it's in pretty good condition for a near 30 year old roof. Also, the shingle I wanted was out of stock and they couldn't get them. The roofer said you should just do the roof done now before inflation. Little did I know this guy was 100% correct. In 2021 my roof would have been $2000 less. This shows on all the estimates then and now. oh well, I have a choice of any color I like now but it will cost me big time ;)

[rond]

I’ll wait, where we are new homes and resales are almost to a halt and roofing shingles have only gone up $2 a bundle in the last two years.

[wendycarlson]

SO MY HOME HAS A SIMPLE ROOF 1404. IS MY SQ.FT. THEY GAVE ME EST. 15, 000. AND DIDN'T TELL ME WHAT WAS MATERIALS CHARGE JUST $1000. DOWN AND HALF WHEN THEY RIP IT OFF THE REST AT END? IS IT OUT OF LINE TO ASK FOR DETAILS MATERIAL COST, LABOR, TAX AND OFFICE?

[Carrotstick]

Any roofer recommendations for Portland Oregon?

[billbob]

Why would asphalt shingles be going to a landfill? Shouldn't they end up in a road somewhere? Sounds like they should be paying me for providing that expensive material for the next road job.

[deegee]

What would be your labor cost only for that standard roof if customer provides all materials?

[CesarSanchez-vq]

the question is do you make money charging $5.50 to 6, 50 for square feet

[robbiewilson]

Can I send u pics of the roof for an estimate

[Happymoon]

What if the roofer sales person say: we will work with your insurance company, you don’t need to do anything, you only need to pay your deductible.

I said to him: I need to preview your roof inspection report first before submitting to my insurance company. The company my neighbors used them to replace their roof, I think use same company is easier.