4 Roofing Facts and Statistics That May Surprise You
Updated: Apr 25, 2019
You know the roof is important, but is that the extent of your roofing system knowledge? Roofing systems are complex and intricate, with many moving pieces. The more you know about this essential property feature, the better you can maintain your investment. Learning a few facts about roofs and roofing processes can help you take proper care of your roof as a homeowner. Here are four roofing facts you probably didn’t know.
A New Roof Can Return More Than 85% of Its Cost Upon Resale
The resale value of investing in a new roof can be immense. It is one of the best home improvement investments if you plan on selling your home. Potential buyers are willing to pay much more for a home with a new roof, since they know they won’t have to pay thousands of dollars in the near future on roof replacement and potential property damage repairs.
According to some authorities, a replacement roof can yield 85% or more of its investment costs back upon resale. Some owners can make 100% or more of the costs of a new roof up in a better sale price. Roof replacement is the exterior home project that appeals to buyers the most. Keep this in mind if you’re worried about the initial costs of installing a new roof.
Energy-Efficient Roofs Can Save Thousands of Dollars According to ENERGY STAR, a certified energy-efficient “cool roof” can save the average homeowner thousands of dollars in heating and cooling costs over the lifespan of the roof. An energy-efficient roof reflects most of the sun’s ultraviolet rays, lowering roof surface temperature by up to 50 degrees Fahrenheit. This, in turn, cools the entire home, saving on home heating costs. Cool roofs can also reduce peak cooling demand by 10 to 15% through better insulation from the heat. Estimate the exact amount you could save by switching to a cool roof using the Oak Ridge National Lab Roof Savings Calculator.
Roofing Material Matters for ROI
You might not realize there are several different roofing materials available for residential and commercial properties. Standard asphalt shingles are just one of many options. The material you choose matters in terms of how much you can get back for your roofing investment. Modern materials and roofing technologies can provide better energy efficiency, wear and tear resistance, and longer lifespan than older roofing systems.
Choose from asphalt, fiberglass, wood, organic, three-tab, or laminate shingles; tiles; slate roofing; or metal roofs. An experienced contractor can break down the cost vs. return on investment (ROI) of each roofing material for your building. A smart roofing material choice could save you money down the road on energy costs, repairs, and roofing replacement. The longer your roof lasts, the better your ROI.
Your Location Can Affect Your Roof
It’s important to hire a local roofing contractor with plenty of first-hand experience handling roofs in your specific area. Your location, climate, and environment can impact the performance of your roof. In a humid climate, for example, your roof could be more prone to algae growth and moisture-related shingle damage. In a sunny environment, you’ll have more trouble with discoloration and heat absorption. For variety of issues such as roof maintenance check out the subscription plan offered by Home365. For one flat monthly flat fee, we make renting out more profitable, predictable and hassle-free