The Benefits of Installing Shingle Roofing This Summer
Depending on the type of roofing material, a roof can last anywhere from 15 to 200-plus years. While homeowners tend to pay little attention to their roofs, they are one of the most fundamental components of a property, helping with the overall structural integrity.
Installing a roof that is of good quality protects from the exterior elements, improves energy efficiency, enhances curb appeal, and even adds value to a property. In this blog post, we will focus on the value that roof installation can add. Let's get started.
How Much Does Roof Installation Cost?
There are several factors that determine the cost of installing a new roof, such as:
- Type of material used
- Size of the property
- Location of the property
The average cost to replace a roof in the United States is between $5,132 and $10,023. Asphalt roofs are very popular across the country, primarily because of their affordability as well as durability and aesthetics. Metal roofs have a longer lifespan and therefore cost more, though they also add more value to a property.
An example of a more expensive roofing material would be slate, which can last for between 75 and 200-plus years, making them a premium choice for homeowners.
How Much Does a New Roof Increase Home Value?
Few property renovations are able to promise a 100% return on investment and this is the case with roofs. However, a new roof will help to increase the overall value of a property.
The added value will depend on factors such as roofing material. For example, the average cost of installing a new asphalt shingle roof is $22,500. The improvement in resale value is around $15,000, which represents an approximately 68% return on investment.
For a metal roof, the average installation cost is about $38,600. In terms of resale value, the average is $23,000. This represents an approximately 60% return on the initial investment. Metal roofs are highly durable and low-maintenance, making them a good long-term investment.
Some tips for maximizing return on investment when installing a new roof include-
- Keep up with necessary maintenance of your roof
- Don't layer shingles (remove old ones and put on a new roof instead)
- Choose a mid-range material for your roof
- Market your new roof when selling
- Offer buyers a warranty transfer
If your roof is in need of replacement, don't wait too long to have a new roof installed. Otherwise, you may end up paying for frequent repairs in the meantime.
The Added Value of New Roof Installation
The bottom line is that new roof installation can greatly increase the overall of a property. Signs that you need a new roof include leaks, bucking shingles, lost granules, sagging roof, storm damage, and its age.
For top-notch roofing installations in Wisconsin, your premier choice is Zenith Roofing and Construction. Speak to our expert and friendly team today about your next project and get a free quote. We look forward to speaking with you.