How Much Value Does a New Roof Add to Your Delaware Home
When it comes to home renovation projects, few loom quite as large as installing a new roof – figuratively and literally. Roof installation is a significant undertaking, in addition to being a substantial investment in terms of both time and money. (And it’s important to plan carefully because there are common roofing mistakes you’ll have to avoid.
At one point or another, many homeowners in Delaware, will be faced with the decision of whether they should replace the roof on their house. Before hiring a home improvement company to do your new roof installation, however, there are several important factors to consider to help guide the planning process.
How to Tell if You Need a New Roof
There is no hard and fast rule as to when you should replace your roof. Roofs are designed for durability, and most experts agree a traditional asphalt shingle roof should last, on average, between 20 to 25 years. If your roof is only a few years old and in relatively good condition, a roof replacement is likely no more valuable or beneficial to you as the homeowner than a simple repair. In some cases, homeowners find they need to do some work on their roof in the winter, so you never know when something will arise that needs immediate attention.
While your roof should last at least 20 years, keep in mind certain factors can accelerate the aging of shingles. Additionally, if your roof was installed over another layer of older shingles or it isn’t properly ventilated, you may need to consider installing a new roof sooner.
Other indicators that demonstrate it may be time for a roof replacement include:
- Shingles curling and buckling
- Compromised roof valleys that leave you susceptible to roof leaks
- A significant amount of missing shingles
- Shingle granules in the gutter
- Daylight coming through the roof boards
Read our full Roof Inspection Checklist to see if its time for a new roof.
What Are the Benefits of a New Roof?
The two areas primarily affected by the installation of a new roof are safety and functionality. Your roof is a critical aspect of your home’s structure. If your roof is leaking significantly, not protecting you and other residents from the elements, and/or at risk of crumbling or caving in, it not only mitigates your comfort level but also puts you at risk. Replacing your roof grants you peace of mind that you and your family are protected and secure.
In addition to keeping your family safe, installing a new roof can also result in energy savings by stabilizing the interior temperature year round. Your house will also look better from the outside if you replace an old roof that is falling apart.
Finally, installing a new roof in Delaware is likely to increase the value of your house and can be a powerful marketing tool in the event you are planning to sell. According to Remodeling’s 2019 Cost vs. Value Report, you can recoup about 68 percent of your investment, in addition to increasing your home’s “curb appeal.” Other research from the National Association of the Remodeling Industry has found a new roof can add even more to the appraisal value of your home, or as much as a 109% return on your investment.
Related: Mistakes to Avoid When Hiring a Roofing Contractor
As with most home improvement projects, certain factors can impact those numbers, such as market conditions, your choice of shingles, the quality of your neighborhood, and the cost of your new roof.
The total cost of a new roof installation depends on the material you choose and the size of your roof. For instance, it costs about $4-6 per square foot to tear off and replace an asphalt shingle roof with one layer, while flat roofs are priced out on a case-by-case basis.
How Long Will A New Roof Last?
The average lifespan of your new roof will vary drastically based on the type of roofing material used. Conventional asphalt and wood shingle roofs typically last about 20 to 25 years, while metal roofs can last about 40 to 50 years and slate, copper and tile roofs can last up to 100 years.
Harsh weather and unexpected damage can shorten the life of your roof. Additionally, if you want to preserve the lifespan of your investment, it’s important to do regular maintenance on your new roof and take care of small issues as they arise before they cause worse devastation. This is why working with a Owens Corning Preferred Roofing Contractor can make all the difference because you will be getting the top tier products, industry leading warranty, and the best craftsmanship available in Delaware.
How to Pay for a New Roof
Installing a new roof is a comparatively expensive financial investment when it comes to home renovations. However, if a severely damaged or collapsing roof is putting your family at risk or negatively impacting the functionality and value of your home, that’s a problem that should be addressed promptly. Bromwell Construction Company provides a variety of financing options for its roofing services to help make a necessary roof replacement project within reach for any Delaware, homeowner.
Sources
2019 Cost vs. Value Report. Remodeling. Accessed online at https://www.remodeling.hw.net/cost-vs-value/2019
“The Value of Remodeling.” National Association of the Remodeling Industry. Accessed online at https://remodelingdoneright.nari.org/homeowner-resources/the-value-of-remodeling
“Does a New Roof Increase Home Value and Should You Get a New Roof Before You Sell Your Home?” IKO blog. Accessed online at https://www.iko.com/na/blog/does-a-new-roof-increase-home-value/
“7 Warning Signs You Need a New Roof.” Angie’s List blog. Accessed online at https://www.angieslist.com/articles/7-warning-signs-you-need-new-roof.htm
“Is it Time to Replace Your Roof?” Renew Financial Group article. Accessed online at https://renewfinancial.com/resources/it-time-replace-your-roof-heres-what-you-need-know