Feature: 2005 Cost vs. Value Report Roofing Replacement

FEATURE: 2005 COST vs. VALUE REPORT

Remodeling's Payoff

Roofing Replacement
Project Description: Remove existing roofing to bare wood sheathing and dispose of properly. Install 30 squares of 235-pound fiberglass asphalt shingles (minimum 25-year warranty) with new felt underlayment, galvanized drip edge, and mill finish aluminum flashing. Assume a 5-square hip roof, custom flashing at two average-sized skylights, and custom cap treatment at vented ridge.

Roofing replacement
	Job Cost	Resale Value	Cost Recouped
National Average:	$11,164	$9,456	84.7%
East Average:	$12,155	$10,856	89.3%
Midwest Average:	$12,401	$8,674	69.9%
South Average:	$9,093	$7,983	87.8%
West Average:	$11,557	$10,769	93.2%

Remodeling magazine, published by Hanley-Wood LLC, has been producing this report annually for 19 years. We’d like to thank the editors and designers of Remodeling, as well as the REALTORS® who contributed to bringing you this report.

Remodeling magazine’s “Cost vs. Value Report.” ©2005 by Hanley-Wood LLC. Republication of the report is expressly prohibited without written permission of Hanley-Wood LLC.

Order Reprints for Your Clients and Customers
Order reprints of the complete 2005 “Cost vs. Value Report”—all 18 projects—for just $6.50 each plus shipping and handling at www.realtorreprints.com. For information on bulk orders over 500, contact Kelly Dewan at kdewan@reprintbuyer.com or 717/399-1900, ext. 166.

Take the 2006 Survey
Participate in next year’s “Cost vs. Value” survey! Sign up here.

Thank you to those practitioners who took the 2005 survey
Those survey respondents who also provided their contact information are listed here . Your help on this project was invaluable.

* We received sufficient data for 58 out of 60 markets surveyed compared with only 53 last year. Because of insufficient data from Grand Rapids, Mich., and Providence, R.I., no resale value numbers for those markets are provided.