Most homeowners’ primary concern of having their roof is to protect all of their valuable belongings under its shade against outside elements such as rain, snow, and direct sunlight. However, it also serves as the primary insulator against the heat from the sun. Some high-tech and new roofing materials now available in the market can reflect the sun’s heat instead of absorbing it, making it more efficient in terms of comfort and energy utility cost.
How Quality Roofing Affects the Home Value
When they come into a property, home inspectors will have a beeline for roofing because the roofing health is a significant factor for determining the home’s value. For instance, a newly updated home roofing will offer an outstanding return on investment as it significantly improves the overall health quality.
If the property has old roofing, the chance of the roof insulation to create acid rain when it gets wet is high and will significantly cause corrosion of some of the metal parts of the roofing structure, including the roof deck. Having new and quality roofing adds value to the property and enhances the roof insulation while preventing acid erosion that can damage the property.
Suppose the house is on sale and the roofing needs a repair. In that case, it can negatively affect the appraisal property value, and it can put the property into a fix-upper category and kill a sale.
The Benefits Of Installing A New And Quality Roofing
Installing a new roof is not all about having a good resale value. Suppose the property owner has no plan on selling the property; they need to consider improving energy efficiency. One of the common reasons most homeowners choose to have new and hi-tech roofing is energy efficiency.
Shingles and asphalt can lower the roof surface temperature and make space’s air conditioning more efficient. They can also have tax credits when they shift into eco-friendly roofing improvements. At the same time, they are getting a new layer of protection that will keep all of their valuable belongings safe and sound.
Short-term and Long-term Roof Value
The short-term value of a new roof offers a home facelift and a pleasant aesthetic look. It gives an appealing curb, especially if you add Roof Hatches that are undeniably attractive to anyone.
While the short-term value of new roofing is attractive, the design of roofing materials can last for years, and all of the property owners are hoping to gain its long-term value when having new roofing. Its long-term value is that it will last for years, such as asphalt roofing, which will serve up to 20 years before it requires a replacement, and the slate roof can reach up to 50 years depending on the quality of the slate.
To achieve the long-term value of the roofing, homeowners should have a regular roofing inspection and take proper necessary repairs or action before it gets worse.
How New Roofing Affects The Property Appraisal When Selling?
New roofing in a property can increase a resale value. According to the survey of Cost vs. Value in 2013 by Remodeling Magazine, new roofing can increase the home value up to $12,000 and recover 62.9 percent on the new roof installation cost by its increased worth.
How New Roofing Affects The Return Investment?
Some of the older property roofings their materials include asbestos. Though asbestos before was widely used decades ago, it brings health risks when exposed to it. So replacing that old roofing with safer and green-efficient roofing materials cannot quantify adding health value to the property.
Having regular roofing maintenance can also affect the return investment over time. For instance, if the property was just hit with a strong storm, having a reputable roofing contractor conduct a thorough inspection for minor dents and dings and repair as soon as possible to prevent having a bigger problem in the future can significantly affect the return investment.
The type of roofing material can also affect. For example, some homeowners install asphalt roofing, while other neighboring houses use wood shingles; in this case, the property has a tendency to be devalued, especially if the owner is looking to sell it soon.
Here Are Some Signs That the Roofing Needs A New Roof To Add Value To The Property
If the roofing system is maintained correctly, it can serve for more than 20 years. However, in some regions with frequent severe weather like heavy storms, some scenarios in the roofing system might need a total replacement. It includes;
- Mold on the edge of the roofing
- Torn flashing
- Granules collecting in your gutters from roofing materials
- Sagging
- Missing shingles
- Dented shingles
- Daylight showing through into the attic
- Dried out caulking under the flashing
- Blistered paint on ceiling or stains on the interior because of drippings
Having a quality material with green initiatives and perfect roofing installation of the property can significantly add value considering the many benefits, not only for resale values but also for energy efficiency and better comfort.