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Question DetailsAsked on 10/23/2016

What is the average rate of inflation for roof replacement in florida

If a roof cost $ 7.00 per sguare foot today to replace, what is a good rule for inflation so I can budget
For replace cost in 10 years.

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Historically residential construction costs in the Southeast (which statistical area includes Florida) for past five years have gone up about 4%/year according to a couple of standard estimating sources, but for the last year more like 5%/year - compounded annually. So - I would use 5%/year to be on the safe side, which over 10 years means an increase of 63%, or a projected cost 10 years down the road of $11.40/SF.


Of course, since roofing is labor-intensive, if Congress or Florida enacts a significantly higher minimum wage that number could jump quite a bit higher.


I hope this is an older roof, not a new one - because in your area (barring hurricane or tornado damage or neglect like letting debris pile up on it) a roof should last 20+ years for composition shingles, or more like 40-50 years for tile. Sheet/built-up roof maybe 10-20 depending on design and material quality.

Answered 2 years ago by LCD




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