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Your home's roof is always there. You never pay attention until noticeable damage or water leaks from the ceiling. Like almost everything else in your home, your roof has a lifespan. Roofs can still wear out even when you're staying on top of maintenance.
Eventually, you will be looking at a roof replacement, which can be daunting. New roofs are expensive, but it often helps to focus on the benefits. Yep, getting a new roof can come with a few surprising benefits. Some may even help you save some money in the long run.
Lower Overall Energy Costs
Electricity is getting expensive, and the weather isn't helping. Temperatures are going from one extreme to another, and home HVAC systems can work overtime to keep a home at a bearable temperature. A new roof can increase energy efficiency.
Even if you don't care about the eco benefits of energy efficiency, you're probably concerned with high heating and cooling costs.
Just like energy-efficient appliances can lower home energy bills, sometimes by as much as $500 a year, a new roof can have the same result. Roofing materials have also advanced over the years. These state-of-the-art materials make it even easier to keep your home at a comfortable temperature without paying sky-high electrical bills.
Your Roof Replacement May Be Covered
Don't get too excited and think you're getting a new roof for free. You have a better chance of winning the lottery. While not having to pay for a new roof isn't likely, you can lower the overall costs significantly.
Believe it or not, your homeowner's insurance may cover most or some of your new roof. Insurance companies worry less about dealing with large damage claims when a property is well-maintained. Besides, your insurer is also invested in your property's value. The value of your property is your collateral for your home loan. This applies even when your insurance isn't tied to your mortgage.
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Insurance companies typically don't balk at covering roof replacement costs, especially when asphalt roofs start hitting twenty years of age. Metal, tile, and concrete roofs have noticeably longer lifespans, but twenty years is the average replacement point for most insurers.
However, before you have the contractors ripping off your roof, double-check your coverage. Your insurer probably doesn't cover a new roof if yours is relatively new. Think less than 10 or even 15 years.
Watch Your Property Value Go Up
You don't have to think about selling your home to worry about its value. Your property is an investment, and you want the equity to increase or, at the very least, not lose any value. Replacing an old roof is one of the easiest ways to boost your property's value.
For example, replacing an old asphalt roof can increase property value by an estimated $7,200. A replacement roof also adds tons of curb appeal, which can be priceless if you plan on putting your home on the market.
Potential homebuyers usually check things like the age of the roof before deciding if they want to buy a house. Typically, they don't want to purchase a home requiring much expensive work in the next few years. Replacing your old roof may be enough to keep your home from sitting on the market for months. Besides, a new roof can make selling your home's actual value easier.
Improve Indoor Air Quality
Your ducts and vents aren't the only things affecting indoor air quality. Your roof can also impact the air you're breathing inside. An older roof can let in allergens like pollen, dust, and debris.
Mold and mildew can also be a potential danger. Old roofs can develop cracks or lose shingles, letting moisture into the home. Mold thrives in the humid environment and can lead to major health issues.
Replacing an old roof prevents moisture from entering your home. The new roof can also help keep dust, pollen, and other allergens out. While a new roof doesn't solve all indoor air quality problems, it's an excellent start.
So, how old is your home's roof? Are you twenty years old or older? Is your roof's condition less than ideal? If the answer is yes to any of these questions, it's time to contact a roof replacement specialist.