Is it time for a new roof? Are you hesitant to get one because of the high price without knowing what you really get out of it?
Let’s be honest; no one wants to spend money on their roof. It’s not something you actively use, like a new car or jet ski.
So, I understand the hesitancy when it’s time for a roof replacement. Unfortunately, there’s no way around needing a new roof except to replace it.
But that doesn’t mean you’re throwing your money at the wall and getting nothing in return. In fact, a new roof comes with huge benefits for you, your home, and your wallet.
For over 35 years, Bill Ragan Roofing has helped thousands of homeowners understand what they get out of their roof investment. Now, I’ll do the same for you.
This article covers the 7 benefits of getting a new roof:
- Peace of mind
- Increase your home’s curb appeal
- Increases home value
- You get a new roofing material
- Improves energy bills
- Spending less money in the long run
- New warranty protection
1. Peace of mind
The biggest benefit of a new roof is the peace of mind of not having to worry about it. 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.
Some roofing materials even give you peace of mind for up to 50-100 years. But no matter what roof you get, you’ll get peace of mind for decades as long as you invest in quality and hire the right roofing contractor.
2. You get a new roofing material
This ability to choose a new roof material that's up to date with current technology is a huge benefit of getting a new roof. The one you choose determines lifespan, warranties, aesthetic, and what you get out of your roof overall.
You can even mix and match, like adding metal roofing to certain areas on an asphalt roof or another material. 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.
3. Increase your home’s curb appeal
Curb appeal is the visual attractiveness of your home from the sidewalk or curb. While there are multiple ways to increase it, a new roof is one of the best ways to increase curb appeal.
Now, I know we’re a roofing company, and you’re probably thinking, “Of course, you’d say that.” However, a new roof is proven to increase curb appeal and your home’s value (more on this next).
Depending on the type of roofing material you choose, it can increase significantly.
4. Increases home value
Most homeowners don't consider this, but a new roof increases a home’s value. Depending on the roofing material, a new roof can provide a 30%-60% return on investment.
For example, asphalt shingles (the most common roofing material) have an average ROI of 61.1% of the original price. So, if you get a new asphalt shingle roof that was $20,000, it increases your home's value by $12,200.
Now, keep in mind that the increase heavily depends on the roof's age and the housing market at the time when selling your home.
5. Improves energy bills
Getting a new roof improves your energy bills by allowing your home to breathe correctly. This ensures your AC or heating unit won’t have to work as hard after your roof is replaced.
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.
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.
6. Spending less money in the long run
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 quickly and can even cost you more in the long run. And 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.
7. New warranty protection
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.
How much does a new roof actually cost?
Now you know the 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 I wrote another article to give you an idea of the full cost of a new roof.
Check out How Much Does a Roof Replacement Cost to learn how much a new roof costs on average, based on roofing material, and what determines the price.
