2002 Cost vs. Value Report

People are worried about water," says Jana Peters, of Mark Peters Realty, Bridgeton, Mo., a suburb of St. Louis. "So basements and roofs are always questioned."

But even if a roof is new, that doesn't ensure that it's high quality. As Minnesota remodeler Marty Schirber points out, a homeowner thinking of selling might solicit 10 bids from 10 roofing companies and go with the cheapest. That may account for the relatively low estimated resale percentage.

Re-roofing costs range widely, from $6,288 in Norfolk, Va., to $15,435 in Chicago. The national average for the project specified in our description is $11,399. Real estate agents and appraisers estimate homeowners would recoup 67% of that in resale.

Project description

Remove existing roofing to bare wood and dispose of properly. Install 30 squares of fiberglass asphalt shingles with new felt underlayment, galvanized drip edge, and mill-finish aluminum flashing.

MarketJob CostResale ValueCost Recouped
National Average$11,399$7,64467%
Atlanta8,9555,59262
Boston14,44512,42286
Buffalo, N.Y.12,0486,65055
Chicago15,43511,88777
Cincinnati12,6246,41751
Cleveland13,0088,08262
Columbus, Ohio11,2803,34630
Dallas8,9766,25070
Denver9,5854,30845
Detroit12,8245,11440
Houston9,4085,96263
Indianapolis10,5604,10039
Kansas City10,5604,36341
Los Angeles metro12,98614,445111
Los Angeles13,39218,370137
Orange Cty, Calif.12,57910,52084
Miami8,8806,37572
Milwaukee13,3448,88467
Minneapolis13,8568,08358
New Orleans8,2566,62980
New York metro13,56811,44284
Passaic, N.J.13,3929,75073
Nassau-Suffolk, N.Y.14,3529,37065
Fairfield-New Haven, Conn.12,96015,207117
Norfolk, Va.6,2882,70043
Orlando, Fla.9,3124,52849
Philadelphia14,8329,73566
Phoenix9,5044,41746
Pittsburgh12,0965,50045
Portland, Ore.11,6608,50073
Providence, R.I.12,0006,00050
Sacramento, Calif.12,3368,50069
Salt Lake City9,3125,84063
St. Louis12,7685,91746
San Antonio7,8245,27567
San Diego12,57610,62584
San Francisco metro13,24813,11899
San Francisco13,24812,60095
Oakland, Calif.13,24813,635103
Seattle12,5368,50568
Tampa, Fla.8,8805,72064
Washington metro9,4015,90363
Washington, D.C.10,5607,66773
Baltimore9,1686,16767
Richmond, Va.8,4763,87546