When homeowners think about renovation, they may think about a combined kitchen and dining room or adding an extension. Roofs are so often forgotten until there is a problem. Yet roof replacement can increase the value of the property, offer added curb appeal and reduce household energy bills.
Roof replacement offers so many benefits over a roof repair, or worse, not carrying out regular maintenance on the roof at all. So how much can a roof replacement potentially affect your home’s value in Northern Virginia?
How Long Will My Roof Last?
The average shingle roof will last for between 20-25 years before it declines in performance. If specialized roofing materials are used, such as copper or tile, a roof may have a life expectancy of up to 50 years. These average lifespans do not take into account periods of extreme weather, which can drastically reduce the lifespan of the average roof. This is a bigger problem in the coastal areas of Virginia than inland.
Homeowners are strongly recommended to schedule a roof inspection biannually, once before winter and once after winter. If there are any severe storms or hurricanes, homeowners should schedule additional inspections with a roofing professional.
Can My New Roof Enhance My Home’s Value?
Replacing the whole roof is no small investment. Homeowners are rightly cautious about investing in roof replacement until there is no other option. Proactive management of the roof can save money in the long run, however.
Constant repairs and other forms of maintenance are expensive, as well as being an inconvenience. Homeowners may be surprised at how much value a new roof can add.
Understanding Short- vs. Long-term Value
Like most home improvements, the increase in the resale price will not be static. A brand-new roof will give the whole property a facelift. It adds a curb appeal that acts as a natural focal point within the neighborhood. The true value of a new roof is in the long-term value because roofs are designed to last. Homeowners who invest in an asphalt roof will find their roof lasts for twenty years.
A soft slate roof may last for fifty years, whereas a hard slate roof can survive with regular maintenance for up to 200 years. For homeowners who want a long-term increase in property values, spending more on a better-quality material may be the most prudent option.
What Is The Average Increase In Resale Value From A New Roof?
It is difficult to judge precisely how much a new roof can increase a home’s value by. This depends on the material of the roof and the locality it is based in.
According to Remodeling Magazine, a new roof can increase the value of your home by up to $12,000. Naturally, this value can only be maintained if the roof is kept in good condition through regularly scheduled inspections.
How Much Does a New Roof Cost?
Every property is different, but most people want a ballpark figure so they can plan their finances accordingly. The average homeowner will spend anywhere from $5,376 to $10,975 on a new roof. The overall national average for a roof replacement is $8,158.
While this may seem like a significant cost, the potential damage caused by not resolving roof damage could be tens of thousands of dollars more. Consider a roof replacement a long-term investment that will ultimately save money on future repairs.
Is a New Roof Worth the Investment?
The roof is the primary protection a home has against extreme weather, moisture and critters. If a roof is not kept in good condition, the underlayment beneath the shingles could become exposed, which would leave the interior of the property vulnerable.
Homeowners may balk at spending thousands of dollars out-of-pocket for a new roof, but a survey from Remodeling Magazine reveals that up to 63% of the installation cost can be recovered through the home’s increased value alone. There are also energy efficiency benefits to installing a new roof. Older roofs may lack insulation and have gaps or holes in them, which can allow heat to escape throughout the winter months.
A new roof is better able to trap heat, which means the household HVAC unit does not have to work overtime to maintain a comfortable temperature. This will be reflected in your household energy bills, with potential savings of hundreds of dollars per year. When everything is taken into account, this is one of the best investments a homeowner can make.
Contact The Roof Replacement Experts In Northern VA
Investing in a new roof not only increases your home’s dollar value but it allows you to save money on your energy bills. More importantly, your new roof will ensure your home is protected from the elements.
To see if your roof needs to be replaced, it is wise to call in a Northern Virginia roofing contractor who can carry out a more thorough inspection. Contact Adelphia Exteriors and get a professional opinion on whether it is time to replace the roof of your home.