Getting a new roof installed is already an expensive investment in itself. In fact, people are oftentimes annoyed by how much a roof costs, and that is usually because they don’t always know everything that goes into the roofing process.
Well, in 2022 lots of homeowners find themselves getting annoyed for another reason, and that is the increase in the price of roofing. There has been a slow and steady increase in roofing throughout almost all of 2022 and the number keeps growing.
Today’s article is going to be all about why roofing prices have been increasing so much. We will also talk about how this can and will impact many homeowners along the way.
Why is roofing so expensive in 2022?
The cost of raw materials has increased drastically this year, forcing roofing material manufacturers to raise their prices. The roofing industry is not the only one impacted by these prices. Other trades and businesses such as construction companies are greatly affected by this price increase too.
The Covid-19 pandemic that began in 2020 is still impacting us today. When the world came to a halt, production and manufacturing stopped with it. There is still a supply shortage affecting the majority of the United States due to the events that happened in 2020. While there may be a supply shortage being faced, the demand for these materials has not gone down. In fact, there are people on waitlists waiting to have work done to their homes. With there being such a high demand for such a limited amount of materials, there is no choice but to raise the prices for the time being.
It’s not just the manufacturers that have to raise their prices, but the companies that use them as well, such as roofing companies, or else they would be losing a lot of money. All aspects of roofing have gone up in price, including shingles, flashing, and underlayment. A roof is made up of a variety of different materials, all of which keep increasing in price. Metal and shingle roofing is among the most affected, and with shingle roofs being the most popular roof type among residential homeowners in the United States, this affects a lot of people.
The cost of a roof in 2022
This is a question that we are sure everyone is wondering. It is really hard to give an exact amount since all roofs are different. The cost of installing a new roof can vary based on your location, the size of your roof, and what type of roof you desire.
With inflation increasing and supply shortages, homeowners can expect to spend anywhere from $15,000 to $30,000 on average. Again, this is just an average and can be cheaper or more expensive based on your situation. Now, if you want to use a more luxury roofing material such as cedar shake or slate, you will be spending even more than that.
It is also important to keep in mind that you will have to spend money to have your original roof removed if you’re having a replacement done. To get a more specific idea of what your new roof will cost it is best to have an inspection and get a couple of quotes.
How do increased roofing prices affect homeowners?
Homeowners are almost always going to end up having to pay more money if they want or require any roof work in 2022. The prices are not looking like they are going to dwindle down anytime soon, so we strongly suggest having an inspection and scheduling your roof work as soon as possible to lock in the current prices. If you don’t you may run the risk of paying even more money down the line.
A lot of people tend to procrastinate scheduling their roof work, but we strongly advise against that. Now with increased prices, people may want to procrastinate even more, which again, is a bad idea because you will end up spending even more money the more time you let pass. When it comes to roof work of any type, you want to address it right away. Failure to do so will likely result in further damage occurring to both your roof and other parts of your home, costing you even more money to fix.
Choose your roofing contractor wisely
We always stress the importance of choosing who your roofer will be wisely, but it is especially true now with today’s roofing prices. There are a couple of things to look for when getting a quote from a company.
If you have a roofer come out and offer you an incredibly low quote, it may seem tempting to take it, especially compared to what the normal prices are. We understand that times may be tough and everyone loves to save money, but with roofing, this is a red flag. When a roofing company offers very low quotes that means there are corners being cut. They may be using an older or much cheaper quality material that won’t hold up on your roof, or they may even be taking shortcuts in the installation process.
Sadly, there are scammer roof companies out there that do these rushed jobs for people that fall for their low quotes, and they never stand by their work. When corners are cut, problems come up and you definitely won’t be getting the full lifespan of your roof. When issues do come up, more times than not these companies will never own up to their mistakes, refuse to complete any repairs, and not offer a warranty.
Instead, it is best to get a couple of different quotes from reputable roofing companies in your area and choose to work with one that fits your needs. Roofing is going to be expensive either way. Sure it may be more expensive in 2022, but it is still an important investment that is necessary for your home and safety.
Wrapping it up
Covid-19 really took a toll on many industries and roofing is no exception. While there is no telling when the prices for materials will go back to normal, life must go on and people will continue to need their roofs repaired and replaced.
Remember, roof issues cannot wait and just be addressed right away. It truly is a necessary investment and you never want to cut any corners. Always make sure you work with a reputable roofing company that specializes in your area and has great reviews to limit your chances of a poor roofing job.
At Liberty Roofworks we believe that homeowners have the right to be as informed as possible on the topic of roofing. Educating yourself will drastically help you know what to expect and avoid common roofing scams. That is why we created our Learning Hub where we post fresh roofing content every week on a variety of different topics. Check it out!
We are here to help!
We understand that roof repairs and replacements never come at a convenient time. We also know that the whole idea of roofing can stress out many homeowners. That is why we work extra hard to make sure our customers feel comfortable and well-informed throughout the entire process.
At Liberty Roofworks we have over 20 years of professional roofing experience under our belts and have no plans of slowing down. As a family-owned business, we understand the importance of your roof and home. All of our contractors are professionally trained as well as licensed and insured.
Are you in need of any roof work? Whether it is a repair or a replacement, we got you covered! Contact us today and we will gladly send over someone to perform a thorough inspection of your roof and walk you through your options and the next steps. With us, roofing is never stressful!
Frequently Asked Roofing Questions
As a homeowner, it is completely normal to have some questions about the roofing process and especially now with the price increase. Here are a couple of the most commonly asked questions we receive. If your question still needs answering please contact us and we will be happy to personally answer it for you.
Q: How often should my roof be replaced?
A: The answer to this question depends on what type of roof you have and how maintained it is. If you have an asphalt shingle roof you can expect it to last anywhere from 15-30 years. Other roofing materials can last up to 100 years, though they cost much more to install. Regardless of the roof type, routine inspections are required to keep your roof in the best condition and help you get the most life out of it.
Q: How do I know when to replace my roof?
A: The easiest way is to have routine inspections done. If your roof is due for a replacement, your roofing contractor will be able to tell during an inspection and will let you know. Some other signs to look for include any type of water damage, sagging, or missing roofing components.