3 Roofing Statistics Everyone Should Know

Whether you own a home or a business, you will come across the need to replace the roof at some point. What should you know about roofing? How long will you have to budget for a large expense like materials and installation? We cover the top three questions about roofing you want to know the answers to before you decide about replacing the roof on your home or business in this article. 

Shingle roofs can last up to 20 years

If your commercial property or residential structures have shingle roofs, you will want to watch for signs of wear and tear after ten years. While your roof may have double this life in it, it is always a good idea to get a yearly inspection. Wind, hail, ice, and arid climates wear down asphalt faster than places in moderate temperatures and conditions. With proper maintenance, routine checks, and long-term care, you can get a couple of decades out of an asphalt roof. 

Metal roofs cost more upfront but last longer and add more value than shingles

U.S. News says you can get at least five decades out of your metal roof including copper designs. This statistic also applies to slate tile roofing, but this material adds a lot more weight than metal. Ask a roofing expert whether slate is too heavy for your structure if you are interested in the stone look. 

Metal roofs provide many benefits for property owners. For example, this roofing material is more durable than shingles. Tree branches and debris are less likely to damage a metal roof causing a leak. The material may dent or crease, but with a good sealer, the roof will continue to last for years. Tin, zinc, aluminum, and steel roofs come in a variety of colors using a powder coating application. This diversity gives property owners the chance to choose a style for aesthetic reasons, or to reflect sunlight and save energy on heating and cooling costs. Metal also comes in several sizes and shapes. You can even get shake tiles that look like real cedar. 

The national average price for a roof replacement is around $7,500

Home Advisor says that replacing your roof can range between five and ten thousand. This number can be as high as $30,000 depending on the number of layers you have and how much sheeting needs replacing. The cost to replace your roof is measured in square feet. How often you need to put on a new roof may depend on whether you live in a desert climate or a hurricane, earthquake, or tornado-prone area. Mountainous regions are likely to need a new roof sooner than homes in Midwest farm towns outside of the range of frequent tornadoes. 

Comparing roofing types

Understanding how insurance companies work can help you save money in the long run too. Many insurers provide discounts for letting a professional install a metal roof. As long as you use a reputable company with the proper licensing, insurance, and bonding, then insurance brokers can up the line of credit you have with a new appraisal. Shingles are excellent options because of the affordable cost, but there is some trade-off because you save money in the short-term. You will lose money on the labor because metal sheeting goes up in a day or two versus a week or more. In the end, the metal roof saves energy, is cheaper on labor costs, and adds more value than shingle roofs. Slate, wood, copper, and cedar shake are on the highest end of the price scale. 

To make a sound decision about the roofing material you should choose, think about how long you plan to live or work in the building. If you are in your forever home, then why not save up a little more to spring for the stunning metal roof that adds clean lines? You will never need to replace it again. For business owners and residential homes that are only a step up to the next part of your life, a new shingle roof will provide the security you need overhead without the steep, upfront fee for metal roofing and luxury materials.

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