Does a New Roof Increase Property Value?

In this article, you will learn:
1. When is it time to replace your roof?
2. What are the benefits of a roof replacement?
3. How much value does a new roof add?
4. 5 roofing tips to maximize your property value

Home renovation projects are an excellent way for Canadian homeowners to boost the resale value of their homes.

While it might be tempting to focus on interior remodeling, there a variety of exterior upgrades that can actually provide a much higher Return on Investment (ROI).

According to a recent Realtor’s survey, new roofing has been rated the number one most appealing home improvement feature for modern home buyers.

Scoring higher than new windows, siding or garage doors; a new roof provides everything from increased warranties and inspiring curb appeal to improved energy efficiency and lower utility bills!

With the added security and peace of mind, a new house roof can provide a powerful advantage within the selling market, as well as a profitable increase to your overall selling potential.

At T. Simpson Roofing Ltd, we pride ourselves on servicing our clients with their best interests in mind.

As roof replacements can be a pricy upfront expense, it is important to evaluate the current state of your roof and whether or not a replacement is required.

When is it Time to Replace Your Roof?

The overall lifespan of your roof can vary depending upon the materials used, the installation process, extreme weather exposure and commitment to maintenance routines.

For asphalt shingles (which are the most popular and economical option for modern homeowners), this lifespan can last anywhere between 20 and 30 years.

While a damaged roof can negatively impact your curb appeal and flag issues for a home inspector, here are a few important signs to watch out for:

– Broken, Cracked or Curling Shingles
– Missing Shingles
– Sand-like Granules in the Gutter
– Roof Sagging
– Mold, Moss or Algae Growth
– Ice Dams (Winter)
– Torn Flashing
– Dried Out Caulking Under Flashing
– Sunlight Through the Attic
– Water Leaks
– Water Stains on Ceiling
– Blistering Ceiling Paint
– Increased Energy Expenses

As early warning signs can often go unnoticed, it is highly recommended that homeowners implement a bi-annual inspection with a trained professional to catch any potential problems and prevent further damage.

What Are The Benefits of a Roof Replacement?

While the increased resale potential is a valuable benefit, there are quite a few features that can improve your overall quality of living:

Short-Term Benefits:

1. Safety:
The most important feature of a roof replacement project is the added safety and security. As our roofs protect our most valuable belongings and safeguard us from the elements, a new roof can provide the peace of mind your family deserves.

2. Curb Appeal:
Available in a variety of styles and colours, a new roof can instantly transform the look of your home with increased curb appeal.

3. Energy Efficiency:
Energy efficiency is one of the top reasons many homeowners upgrade their roof. As asphalt shingles can lower the surface temperature of your roof, your air conditioning won’t have to work as hard.

4. Tax Credits:
As eco-friendly living is highly encouraged by our government, you can actually receive tax credits for making energy-efficient home improvements!

5. Improved Energy Efficiency:
With reflective roofing materials that prevent heat transfer, a brand new house roof can optimize your home’s energy-efficiency and decrease overall energy expenses.

Long-Term Benefits:

1. Lower Insurance Rates:
With lower risk and greater security, upgrading your home with an energy-efficient roof replacement can make you eligible for better home insurance rates!

2. Reduced Maintenance Costs:
As an old roof will become subject to deterioration over time, a new house roof will eliminate the risk of damage and decrease routine maintenance expenses.

3. Better Warranties:
As the quality of roofing materials have improved over time, many roofing companies are now able to provide longer, or even lifetime warranties on roof replacements! As these warranties are also transferable between homeowners, many homebuyers are willing to pay quite a bit extra for homes that come along with this valuable warranty.

4. Selling Advantage:
As home buyers are always searching for the best value for their money, a new roof provides the financial reassurance that this expensive renovation will not be required anytime soon. From curb appeal to structural security, a new roof will stand out in the market for mere safety and convenience. 

5. Peace of Mind:
While an older roof can become a safety risk over time, a new roof can provide peace of mind for many years to come. While routine maintenance checks are still recommended, you can rest assured that your home and your family will be well-protected.

How Much Value Does a New Roof Add?

Whether you are renovating an outdated roof or preparing your home for resale, a brand new roof can do a great deal for your property value.

While a costly upfront expense, the average homeowner typically recovers 68.8% of their overall installation costs!

With a higher ROI than any interior remodeling project, this expensive renovation attracts more than just homeowners looking to repair a leaky roof.

A profitable investment, roof replacements do an excellent job at increasing a property’s overall selling potential (especially with a transferable warranty!).

It is important to note, however, that a roof nearing the end of its lifespan can actually decrease the overall property value of your home, as this renovation expense would then be the responsibility of the new homeowners.

How Much Does a Roof Replacement Cost?

With a wide range of versatility, the overall cost of a roof replacement project will depend upon a variety of factors:

– Size of the Roof: a larger roof will require more materials.
– Materials: prices vary depending on materials and quality used.
– Roof Slope or Pitch: steeper roofs require more materials and installation time.
– Installation: size, style and accessibility will impact installation techniques and expenses.
– Number of Layers: homes with multiple layers of roof shingles will require more removal time.
– System Components: prices vary for underlayment, decking materials, ventilation and fasteners.
– Adornments: skylights, plumbing stacks, chimney flashings and wall flashings may require more work if leaks are evident.

To determine the most accurate quote for your home, it would be best to contact a professional roofing service to calculate a personalized budget for your needs.

If you are thinking about upgrading your home with a roof replacement in the near future, here are a few tips to help you get the best ROI possible:

5 Roofing Tips to Maximize Your Property Value:

1. Avoid Layering Shingles:
While it may be tempting to re-shingle on top of the old ones, doing so can actually shorten the overall lifespan of your new roof by trapping heat and adding too much additional weight. Instead, be sure to remove the existing shingles before laying down the new ones.

2. Schedule Bi-Annual Maintenance Checks:
Chances are your roof replacement will be the largest investment you make for your home. By scheduling bi-annual maintenance checks with a professional (once in the Fall and once in the Spring) you can avoid any major risks by catching the warning signs early.

3. Keep Up On Maintenance:
While a few missing shingles may be easy to ignore, your roof structure can only function optimally as a unit. Avoid neglecting any minor damage as one small leak is all it takes for further water damage to occur both inside and outside of your home.

4. Show Off in Your Listing:
Keep your property competitive by showing off your new roof and transferable warranties in your property listing! As many homebuyers are wary of hidden damage and future renovation expenses, leading with quality, value and peace of mind will put you at an advantage within the selling market.

5. Work With Trusted Professionals:
With a variety of materials, colours and styles on the market, it is highly recommended that you work with a trusted team of professionals to help you select the best option for your home, your budget and your family.

As there are many risks that can occur with an improper installation process, these professionals will also ensure that the job is done right the first time with quality you can rely on.

If you are interested in learning more about your roof replacement options, our professionals at T. Simpson Roofing Ltd. offer the largest GAF Certified Roof Replacement Services in Canada!

Click here or call 1-800-925-3044 for more information.

T. Simpson

Originally founded by a 16-year-old Tony Simpson as a way of acquiring funds to help pay his way through university, T. Simpson Roofing, propelled by Tony’s strong work ethic and commitment to delivering quality work and unbeatable customer service, quickly grew into a thriving business.

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