7 Benefits of Installing a New Roof
You probably already know that roofs are constructed from many materials, but did you know metal roofs are not more prone to lightning strikes? Wood, asphalt, or any other materials used in roofing are just as likely to be struck by lightning.
Installing a new roof won’t just protect you from the elements, it will pay for itself over time and increase your home’s energy efficiency. Read on to discover seven benefits of installing a new roof.
What Are the Benefits of Installing a New Roof?
We often take our roof for granted, forgetting it even needs our attention until there is a problem, but roofs are one of the most important components of our home. They protect us, shielding us from the elements, extreme temperatures, and hazardous mold.
According to the National Association of Realtors (NAR), the average roof has a lifespan of 30 years, and 33% of Realtors recommend installing a new roof before selling your home. While the initial cost may leave you apprehensive, there are many benefits to installing a new roof.
1. Increased Energy Efficiency
Like many things, roof installation and technology get better with time. While your roof may not be leaking water, older roofs can leak air and cannot reflect heat away from your home. In fact, the old shingles absorb heat, bringing it into your home.
New roofs are cost-effective. Many shingle options repel heat more efficiently, saving you money by running your HVAC system less frequently. Additionally, you can choose a lighter, more energy-efficient color that will reduce the absorption of the sun’s rays. Your new roof will earn back some of your investment every month with reduced energy costs.
2. High Return on Investment
Installing a new roof will do more than save you money on energy bills during the height of summer. A new roof can enhance resale value and help you sell your home more quickly. On average, installing a new roof increases the selling price of your home by $15,000.
Homebuyers do not want to spend a lot of time making structural repairs and updates to their new home. If your roof is leaking or sagging, it is probably best to install a new roof before putting your home on the market. Roof repairs could turn off potential buyers, and many insurance companies will refuse to cover a home until they replace the roof, affecting their ability to obtain a mortgage.
Installing a new roof is costly, but according to the NAR, a new roof will have a 100% return on your investment. You will recover all of your money and signal to potential buyers that you have taken care of your home.
3. Enhanced Curb Appeal
Chances are good that you don’t spend a lot of time admiring your roof, but it is one of the most visible features of your home. Your roof makes up approximately 40% of your home’s exterior and is one of the most visible features.
A new roof enhances curb appeal, coming in many materials and colors to match the aesthetics of your home and neighborhood. Not only will you increase your property value, but installing a new roof will give your home a much-needed makeover.
4. Reduced Health Risks
Roofs protect us by keeping the elements where they belong – outside. Leaks are not always noticeable and can build up over time, creating a moist environment and contributing to mold and mildew.
Mold and mildew can cause potential health problems, even in those people with no history of allergies or asthma. Replacing your roof ensures a dry environment free from the dangers of moisture.
5. Increased Safety
Roofs aren’t just designed to repel water. They protect you and your home from falling debris and gusty wind. Over time, the structure of your roof weakens. Roof replacement strengthens the structural integrity of your home, reducing the risk of collapse. It is especially important to monitor the health of your roof if you live in areas with frequent inclement weather.
6. New Roof Warranty
You have probably never even considered a roof warranty because yours expired long ago. However, new roofs come with new manufacturer’s warranties.
Many cover certain types of repairs, and sometimes even parts and labor, for a specified period. Your new warranty will depend on the company roofing your home and the type of shingles or roofing materials you select.
7. Lower Insurance Premium
Homeowner’s insurance costs an average of $1,899 per year. There are several home improvement upgrades you can make to lower the cost of your premium, including installing a new roof. A new roof can lower your premium between 5% to 35% depending on your policy details, location, and roofing materials.
