As I just said, the next benefit a new roof offers is the increase to your home’s value. Getting a new roof before selling your home can even yield up in a 30%-60% return on investment.
However, the roofing material you choose determines how much it adds to your home’s value. Let’s look at asphalt shingles (the most common roofing material) as an example.
According to the 2023 COST VS VALUE REPORT, the 2023 national average for an asphalt shingle roof is $29,136. Per the same report, the national average ROI when replacing an asphalt roof is 61.1%.
This means you can expect your home’s value to increase by $17,807 of the original $29,136 you spent to replace your asphalt roof when selling your home.
3. You’ll get to choose a new roofing material
I’ve mentioned choosing a roofing material in the last two sections, which is a benefit all on its own. The roofing material determines lifespan, warranties, aesthetic, and what you get out of your roof overall.
This ability to make your own choice is a huge benefit of getting a new roof. You can even mix and match, like adding metal roofing to certain areas on an asphalt roof or another material.
(Left to right: asphalt, synthetic, cedar shake, and slate tile)
Now, the number of options you’ll actually have depends on your budget. If you have a healthy one, you could even get a roof that you won’t have to replace again in your lifetime.
The great thing is there’s no such thing as a “bad” roofing material as long as they’re installed correctly. However, it’s crucial to do your research to find the perfect one for your situation.
4. Your energy bills will improve with a new roof
Your older roof’s materials aren’t the same quality or as efficient as today’s materials. This leads to energy loss during the winter and summer (mainly from poor ventilation), which means more energy consumption.
Getting a new roof improves your energy bills because your home can breathe correctly. This ensures your AC or heating unit won’t have to work as hard after your roof is replaced.
The upfront cost of a new roof is intimidating and may seem like throwing money at the wall. But a new energy-efficient roof is key to reducing your overall monthly bills.
5. You’ll avoid costly repairs caused by an old roof
Speaking of saving money, the next benefit of getting a new roof is avoiding spending money on costly repairs.
Because a roof replacement is a significant investment, some homeowners think they’re saving money by paying for repairs over and over again on an older roof. In fact, the truth is the opposite.
Repair costs may not be substantial at first, but they add up the more you get. This is before knowing the damage frequent leaks are doing to the interior of your home.
Not only is this more money, but it’s also a health risk for you and your family. If the cost worries you the most, just know that most roofing contractors offer financing to make it easier to afford.
6. You’ll get new roof warranties
When you get a new roof, it comes with two types of warranties (workmanship and material). Unless you have a lifetime workmanship warranty, there’s a good chance the roofing contractor no longer warrants your roof.
On top of that, most material warranties are prorated after a certain number of years. This means your roof no longer has the protections it originally had as the years go by.
Getting a new roof starts the clock over, and you’ll get all new roof warranties after installation. Just know the quality of warranties depends on the roofing contractor you hire and the roofing material you choose.
7. A new roof provides peace of mind
All of the benefits we’ve covered culminate into the last benefit, peace of mind. A new roof gives you peace of mind, knowing you, your family, and your valuables are protected against the elements and extreme weather.
This peace of mind isn’t short-lived, either. Depending on your roofing material, this could be at least 20-plus years of not thinking about your roof.
Now you know the 7 main benefits of getting a new roof. I understand wanting to put a replacement off as long as possible.
But when a roof needs to be replaced, it needs to be replaced. There’s no reason to spend money on band-aids that eventually lead to bigger problems.
However, I understand it’s hard to really picture buying a new roof without knowing how much it actually costs. Unfortunately, it’s hard to find honest pricing information because of the sticker shock it causes.
Well, I believe in being transparent with homeowners on all aspects of the roofing industry. That’s why we created a calculator that gives you an idea of the full cost of a new roof.
Check out The Roof Cost Calculator to learn how much your new roof will cost based on the roofing material, your roof style, and the square footage.