A roofing system can be a major cost when looking at a replacement roofing system but the good news is that it will likely be a once-in-a-lifetime investment as most modern roofing systems last 25 years.
But, the question I sometimes get asked is: Will we recoup our investment in a new roofing system dollar for dollar or how does that all work?
So there a few things to look at to properly answer that question, because really the answer is yes and no. Let’s take a look...
A home’s value is rated on a number of different conditions and part of the valuation is determined by overall condition of the home and what the curb appeal might be for the home that is being appraised.
If you are selling your home with a roof that has seen better days, you’re likely to receive a less-than-market offer for the property due to the costs associated with the installation of a new roofing system. Also let’s face it, the curb appeal of your home goes downhill when a roofing system fails to meet the average condition of homes in the area and that can create a less-than-market value offer for your home. So a not so great roof can be an overall negative on your resale.
However, if you do put the money out on a new one you will enjoy many benefits because the roofing system of any home is probably the most important feature of the structure and serves many purposes like:
-A roofing system protects a home and contents from the elements
-It provides energy efficiency through attic insulation
-It keeps rodents from accessing your home through damage that could be created by the rodents as they seek shelter
So in essence it SAVES you money when you have a home with a quality roof, although there is an initial investment.
BOTTOM LINE: On a dollar for dollar basis the quality of your roof can either cost or save you money while you live there and when it is time to sell a solid roof will likely help you get top dollar. As a homeowner it is important to evaluate your long term plan as much as possible as to whether you plan to live in a property for any length of time. Also it is wise to be aware of the general real estate climate in your neighbourhood before you make any major home improvement decisions.
For all your roofing needs, please contact my team at: 289-687-6924 or email us at: firstname.lastname@example.org
Wayne Jeffreys is a native of Niagara-On-The-Lake and owner of Niagara based roofing company Class Eh Roofing!