What’s Your Old Roof Really Costing You?
The Hidden Risks Of An Aging Roof
At Watkins Construction Inc., we’re all too aware of the reservations homeowners have about buying a new roof for their house. Committing to a new roof can be daunting because many people don’t even know there is a problem with their roof until an expert illuminates those problems. They often times assume that their roof is fine just the way it is. Further, most homeowners don’t necessarily plan or budget for this major home purchase, which can make it a stressful reality when the time comes. We want to help educate people about the real costs of an old roof and enable homeowners to recognize potential problems with their roof before those problems are out of control. Let’s take a look at some of the potential dangers and financial impacts of an aging roof.
Your Home’s Curb Appeal
Any realtor will tell you that the roof of a house is responsible for up to 40% of its curb appeal, which is the perceived quality of a home that someone assigns it based on the first appearance if they saw your house while strolling down the sidewalk. Curb appeal is important because it has a direct impact on real home value. Statistics show that a new roof can bring as much as a 67% return on investment in added home value. Already, we see the increased value of your home will offset a large portion of roof replacement costs in the long run. If you’re planning on selling your home in the future, this point goes double. Buyers often use future roof repair costs as bargaining chips against sellers to drive home prices down. It’s simple: An old, damaged roof is a serious weight on both the perceived quality and the price of a home.
A New Roof Equals Savings In Energy Bills & Insurance
An old roof doesn’t just depreciate home value, but it also wastes large sums of money in electricity bills and insurance. As roofs deteriorate over time, they become less and less efficient at doing one of their key jobs – insulating and protecting the house. By letting more conditioned or heated air out and letting more external air in, old roofs can significantly decrease the energy efficiency of a home, driving up energy bills, potentially by hundreds of dollars. What’s more, old roofs can increase insurance premiums over time – although this is something many people don’t see or think about, the costs are very real and add up quickly.
Your Roof’s Primary Role Is Safety
Beyond the monetary costs, old roofs can be downright unsafe. Water damage is one of the most destructive things a home can undergo, and more than 70% of water damage occurs at the roof level. Even in small amounts, water damage can allow toxic mold spores to grow and contaminate the air in a home, allow for the spread of leaks and cause damage to the plumbing and electrical systems of a house. Beyond that, many insurance policies exclude water damage that occurs cumulatively over a long period of time as “wear and tear,” leaving homeowners with thousands of dollars in potential damages, as the effects of water damage can spread into the attic, framework and interior walls of a home. The older the roof, the more significant this danger is.
Roof Repair in Jackson, MS
Although many people may not see it at first, an old roof can present very real costs, damages, and dangers. At Watkins Construction, Inc., we are committed to making sure you aren’t vulnerable to any of those. If you have any questions about the benefits of a new roof or the dangers of an old one or would like a roof consultation and quote, feel free to call us or send us a message on our contact page. We look forward to hearing from you!