SHOCKING! What A New Roof Will Cost In 2024!

Рет қаралды 9,233

Күн бұрын

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.
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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.
Visit the Homestead Roofing website for a lot more information, education, scam alerts, and tips at homesteadroofingcolorado.com or call our office at 719-433-6991 if you have any questions about this, or any other roofing-related topics.
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

Пікірлер: 24

@prawnstar9213 2 ай бұрын

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 KZfaq 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

@AS-ch4ty 2 ай бұрын

The lowest quote I got this year was $28k and this is including removing my solar panels and replacing them highest was $34k plus an extra 6-7k to remove solar panels

@hoss70711 Ай бұрын

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

@randolphwilson211 4 ай бұрын

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.

@nikosolikos 2 ай бұрын

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 uh....sureeeeeeeeee... 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.

@homesteadroofing 2 ай бұрын

That's awesome!

@prawnstar9213 2 ай бұрын

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

@rond1475 7 күн бұрын

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.

@homesteadroofing 2 күн бұрын

Wow! We've had one price increase in April and another one is due in Aug.

@rond1475 Күн бұрын

@@homesteadroofing Could be where you're buying , I follow the prices at Home Depot and lowes .Then again roofing is a guaranteed business ,every week in my gated community I get a knock on my door asking if I would like a free roof check followed by if you need a roof we can get insurance to pay . They leave out the part where your insurance goes up $300 a month for that free roof you didn't need or they refuse to pay and then say you have 3 months to replace your bad roof or we're dropping you .Either way a roofer gets the job at that point .

@teriliebmann3491 2 ай бұрын

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.

@homesteadroofing 2 ай бұрын

You can see if you can buy an Eagleview report of your house. That will give you the correct measurements. If you can't buy one, reach out to us at info@homesteadroofingcolorado.com and we can get that for you.

@SGT._ROSIE 2 ай бұрын

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

@homesteadroofing 2 ай бұрын

It's called Thunderstorm Gray

@teriliebmann3491 2 ай бұрын

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 😢

@homesteadroofing 2 ай бұрын

That's a bad situation.

@deegee8380 2 ай бұрын

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

@homesteadroofing 2 ай бұрын

You may not be able to find a reputable roofer who will want to do that.

@prawnstar9213 2 ай бұрын

Yeah, roofing companies typically wont use materials you buy because they claim there could be insurance issues. There are 2 sides to this dirty trick. Roofing companies charge more for their materials as a way to make more money for themselves.. but let’s say you buy all the standard stuff that most roofing companies use and are used to.. they still won’t do it but in my opinion it’s a slippery slope. What I did was buy the brands of products I found almost every roofing company used by snooping many websites and looking at the brands.. then I called up a halfway house that’s about 10 blocks away and hired about 5 dudes to help me. I paid them $40 an hour (which is actually more than the typical roofer would make in MN) and they requested a cooler of non alcoholic beer. I was slightly surprised that there wasn’t a single one of the dudes that hadn’t done a roof before. We had an 1825 sq foot one level (and not steep) roof done in a day and a half. That was removing the old and in with the new. Only 2 pieces of wood needed replacing. I rented 3 smallish air compressors and 3 nail guns. The cost of the shingles, roof felt, roof glue, nails and staples plus 2 more staplers was around $5k in 2023. The cost to rent a medium dumpster for one week was $500. Total cost for everything was about $8k. The lowest I was quoted in 2023 was $24k and was quoted $14k in 2017. For the same exact materials I used I was told would cost double what I paid and roofing companies use wholesale dealers. Before the pandemic I almost never did anything to my house but stain the decks, wash windows, and fix toilet hinges. Now I do almost everything myself because I cannot afford to hire out. Listen, charging more for materials is a trick used by any company that has to supply materials. If they didn’t use this tactic would the business survive? That’s what I am curious to know.

@Happymoon789 3 ай бұрын

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.

@homesteadroofing 3 ай бұрын

Use the company you trust the most.

@MAG-up1SR Ай бұрын

You my friend got extremely Lucky with the halfway house bunch...that seldom ever,ever,ever,ever,ever,ever happens

@freonpeon472 2 ай бұрын

Thank God for Bidennomics.

@cathymoriarty9683 11 күн бұрын

Nothing to do with Biden. We live in a global economy and materials are from all over the world. Labor is finite and people willing to be on the roof in 90+ degree heat (esp. in Florida) is hard to find. Plenty of undocumented willing to work on roofs but our doofus Gov caused most to leave the state. Now we can't find enough guys to do the work.