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, an Energy Star roof replacement can help you use less energy and save money on utility bills each month. The savings add up over time and 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
As your roof ages, it starts to become less effective at protecting the inside of your home from 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.
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.
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.