Replacing a roof is expensive, but are there times when the return is greater than the cost? In many of the circumstances you encounter as a homeowner, the answer is yes. Whether you’re selling your home or simply updating it, a new roof is sure to increase the value, curb appeal, and energy efficiency of your house. Here are a few reasons to bring your home up to its fullest potential by adding a new roof that will last for many years.
Improved Energy Efficiency
Thanks to significant achievements in roofing design and production over the past couple of decades, a roof replacement project can help you use less energy and save money on utility bills each month. Today, many roofing systems feature ENERGY STAR® certification that attests to their high level of energy efficiency for your home. Your existing roof likely does not feature that rating and was likely not designed with energy efficiency in mind. However, with an energy-efficient new roof, the savings add up over time and can balance out the initial cost.
The ability to reduce solar heat gain and insulate a home to a higher degree allows a new, more energy-efficient roof to keep your home warmer in the winter and cooler in the summer. As a result, your HVAC unit won’t have to be running 24/7 to keep your home insulated and comfortable throughout the year. What’s more, you’ll enjoy a more comfortable and consistent temperature throughout your home, helping to improve the quality of your home environment at the same time.
As your roof ages, it starts to become less effective at protecting the inside and outside of your home. The inside of your home may become vulnerable to damage from ice, snow, and rain intrusion. If your home is vulnerable to water damage, you may find yourself dealing with mold in inaccessible spaces such as the attic, basement, or in between the walls. Water damage can also cause paint to peel and erode the insulation in the basement and attic. A weathertight roof replacement will help reduce these risks and keep moisture at bay in event of a storm or flood.
As part of your home’s exterior, your roofing system is also essential in keeping your home protected from inclement weather. The threat of hail impact, high winds that can rip off shingles, and other extreme weather events become more serious concerns with an old or failing roof. Having a new roof installed can give you the peace of mind you need to feel confident that you and your home will be protected, no matter what the weather may bring.
Higher Return on Investment
Homeowners and buyers know that roof replacement is an expensive endeavor, which is why many potential buyers avoid homes that have damaged shingles or require a roof replacement. However, if you plan to sell your home soon, investing in a new roof will add a significant amount to the market value. In fact, spending $15,000 on a new roof can boost the asking price by $11,500, which equals a return on investment of 75 percent – one of the highest ROIs you’ll see from any home improvement project you choose for your home.
In addition to adding value to your property, a new roof will improve your home’s appearance. With the opportunity to select the style and color scheme of your new roof, you’ll have the ability to give your home a unique look that will allow it to stand out to potential buyers. A new roof can also offer you savings in unexpected ways. A more durable and energy-efficient roof may allow you to reduce your homeowner’s insurance premiums, thanks to the enhanced protection you’ve invested in for your home. And, as mentioned earlier, the energy-efficient features of new roofing systems can help you save on your monthly energy bills as well. These are great returns on your investment whether you choose to stay in your home or as selling points for a potential homebuyer.
Learn More About Getting Your Roof Replaced
If you’re interested in a roof replacement project for your home, Erie Metal Roofs can help. Contact us today to learn more about our roofing services and to determine if a new roof is the right option for you.