While the cost of a new roof varies depending on the size of the roof and the materials used, there’s no doubt that replacing the roof will cost you a lot of money. A roof that’s damaged needs immediate repairs, but sometimes it’s more practical to completely replace the roof.
Use this quick guide to determine whether you should repair or replace your roof:
Size of Roof Damage
It’s easy and affordable to replace a few shingles that blew off during a storm, but if there’s been significant water damage to the wood underneath the shingles, you’re looking at a more expensive job. Most roofers will replace a section of the roof in order to make repairs, but if the damage covers a large portion of the roof, you might get a better deal by replacing the entire roof.
Age of the Roof
The typical shingle roof lasts anywhere from 20 to 30 years. If your roof is approaching the end of its lifespan, replacing it is probably the smarter move. On the other hand, a 10-year-old roof still has plenty of life left, so making repairs can probably save you some money.
Homeowners are always responsible for paying the full cost of a repair or replacement when the roof is simply getting older. However, newer roofs come with warranties, and homeowners insurance often pays for damage caused by storms. When the roof is under warranty, the company generally covers the cost of making the repairs. Insurance usually pays for the cost of repairs or replacement based on the age of the roof. They’ll give you less money to replace an older roof, but using that stipend toward a new roof might make sense for you.
Ask a roofer to give you a quote for repairs to the roof and a full replacement. When you look at these side-by-side, it’s often easy to make a decision.