Considering the financial implication, the prospect of installing a new roof can be unsettling. However, the benefits will make the initial cost worth every penny. Here’s how a new roof can have a positive impact on your personal finance.
1. Improved Energy Efficiency
Like most things, roof installation technology only gets better with time. Even if your older roof isn’t leaking water, it can leak air and be ineffective at reflecting heat away from the home. In fact, old shingles tend to absorb heat, allowing it to enter your home.
New roofs are affordable because most modern shingle solutions repel heat more effectively, reducing your reliance on your HVAC system. You can pick a lighter, more energy-efficient color that absorbs less sun rays. With lower monthly energy bills, your new roof will partially pay for itself.
2. Superior Curb Appeal
You probably don’t spend much time admiring your roof. Yet, one of the most noticeable parts of your home is your roof, making up a large part of its exterior. A new roof improves curb appeal and is available in various materials and hues to complement the design of your house and neighborhood. It can also boost your property’s value. In fact, according to Fitz Roofing, you can expect a 68.2% ROI from an asphalt roof replacement.
3. Prevent Health Risks
Roofs shield us from the elements by keeping them outside, where they belong. Leaks build up over time and aren’t always apparent, creating a damp environment that favors mildew and mold growth. Even in people who’ve never had allergies or asthma, exposure to mold and mildew can have a negative effect on their health. A new roof guarantees a dry atmosphere free from the hazards posed by moisture.
4. Homeowners Insurance Savings
Your property is more likely to sustain damage during extreme weather events if your roof is outdated or doesn’t meet current codes and standards. For this reason, your insurance provider could raise your homeowner’s insurance rates. Replacing your roof can allow you to qualify for reduced rates.
A new roof also offers improved moisture protection. Modern underlayment does a great job of protecting the wood underneath your shingles. This added layer of protection can reduce the cost of your homeowner’s insurance.
5. Guarantees and Warranties
Working with a reputable, high-quality roofing contractor on a new roof project has numerous benefits, including that a good business will stand behind its work. They do this through warranties, which frequently cover labor and materials costs. While it’s rare that anything will go wrong with a new roof, you’ll be protected by these warranties for any necessary repairs or replacement if it does. With around 129,000 roofers operating in America, according to the Bureau of Labor of Statistics, you’ll have no problem finding one for your home.
6. Peace of Mind
This one may be a reach, but don’t overlook the value of having peace of mind and trusting your roof will hold up when bad weather strikes. When properly placed, a new roof should be able to withstand inclement weather, allowing you to relax knowing your home is protected. You can definitely put a price on your peace of mind, particularly when it comes to specific features of your home.
7. Enhanced Safety
Roofs are made to do more than merely keep water away. They shield your home and you from strong winds and falling objects. Your roof’s structure deteriorates with time.
Getting a roof replacement will strengthen your home’s structural integrity, lowering the possibility of a collapse. This is because modern roofs have improved features. For example, stone-coated steel roofing has a Class 4 hail impact protection and Class A fire rating, is 100% recyclable, and weighs just 1.4 lbs per square foot, according to Cal-Vintage Roofing. If you reside in an area where severe weather is a regular occurrence, it’s especially important to keep an eye on the condition of your roof.
Don’t shy away from installing a new roof due to the cost. Once you start reaping the benefits, which is almost immediately, you’ll be happy you made the investment.
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