How Much Does A New Roof Cost
There are several things to consider when determining how much a new roof will cost. First, think about what materials youll use, because if youre working on a tight budget, asphalt shingles will be the go-to material, as its the lowest cost. For luxury materials, such as slate and tile, your budget will have to be able to handle $1,500 for every 10 by 10 foot area.
Next, consider the size of your roof. The larger the roof, the more material will have to be used to cover it. You also have to take labor into account, as a larger roof will take longer to complete.
Finally, how steep is your roof and are there many obstructions, such as skylights, vents, etc.? A steep roof is more difficult to work on, so that will impact labor costs. Working around obstructions will also add to the cost.
Pros And Cons Of Metal Roofs For Your Home
Whether you’re buying a home with one or thinking of installing, here’s what to know.
Whether you’re putting a roof on a new home, or your existing roof requires a total makeover, there are many materials available. But no matter what roof style you have, metal roofs can be an attractive option because of their longevity, minimal maintenance and energy efficiency. Material choices include steel , aluminum, copper, zinc and tin. Product types are vertical seam, pre-formed panels and granular coated panels. Style choices allow you to have the look of shingles, slate, tile, shakes or vertical panels. Make sure your metal roofing product is tested, labeled and listed with a testing organization such as UL, FM Approvals or Intertek to meet rigorous wind, fire and impact resistance rating requirements. Please also remember that installation can vary from geographic location, manufacturer guidelines and as a result of local building code requirements.
Disadvantages Of Metal Roofs
Despite their many advantages, metal roofs have some potential drawbacks.
- Affordability. Metal roofs can be as much as two or three times more expensive than other roofing materials. While the life of a metal roof is much longer, investing in a metal roof only makes sense if you plan to stay in your home long enough to enjoy the cost benefits.
- Noisiness. Metal roofs may be more noisy during a heavy rain or hailstorm than other products depending on the type of decking used during installation . Adding more attic insulation can sometimes solve this problem, but that may increase costs.
- Expansion, contraction and fasteners. Metal roofing material assemblies that are attached as large panels are designed to expand and contract as they warm and cool. However, both exposed and concealed fasteners have varying lifespans. Depending on the climate, neoprene washers and the screws used during installation may degrade and become dislodged over time.
- Inconsistency of color match. If a repair is required or a home extension is added years later, it may be difficult to find an exact match to the existing metal.
- Performance. If water accumulates anywhere on the roof because of poor-quality installation or repair, it can eventually cause serious damage. Low-grade metals may also be thinner gauge and less durable. Some metals rust in certain climates or dent more easily than others during hailstorms or installation.
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Offer To Transfer The Roof Warranty To The Buyer As A Selling Point
Christman tells the story about a couple who bought a home with a new roof. When they went to sell the home just a year later, they had to make repairs to the roof. Because they were not the original owners of the roof, the warranty had not transferred and they were on the hook for all those repair expenses. These expenses could have been easily avoided.
Most roofing companies offer transferable warranties. Its just a matter of calling and paying a nominal charge. Many buyers dont think to ask.
Offer this transfer to your buyer. Its just a few hundred dollars and having several more years of warranty on a roof could be what clinches the deal.
The question of whether you should replace your roof before selling is hard to answer. It will increase the value of your home, though it may not be as much or in the ways youd most like. Your best bet is to find a real estate agent in your local area who can help you make the right decision.
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Is A Metal Roof Worth It
Installing a metal roof has a greater upfront cost than asphalt composite shingles, but it lasts much longer and provides substantial energy cost savings. Metal roof costs are comparable to roofs made of wooden shakes or slate tiles, but metal is sturdier and more durable. Compare your current budget against the budget needed to maintain other roofing materials before making your choice.
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How Does A Metal Roof Increase Value Of Home
The major benefit of having a metal roof is that value of your home increases by six percent, and this value is calculated based on homes having asphalt shingles. In most cases, homeowners will get 95% of the amount invested on metal roofs. Here are some of the important points that help in increasing the value of your home
Mar Add Value: North Carolina Homes With The Right Metal Roof Stand Apart
In North Carolina, add value to your home. Adding the right roofa metal roofcan set your home apartand set you up for increased equity.
Its always good to think about how you can maximize and protect your resources. For many of us, our home is our most valuable financial investment and our most precious resource. For all that it contains, memories included, protection of your house and investing in your homes value is important.
The Right Roof Can Add Value to Your North Carolina Home
Putting a new roof on your house might not be something you need to do immediately. However, investing the time today to learn now about the types of roofing materials available, their warranties, benefits, and cost-effectiveness can pay-off when tomorrow comes.
Were biased, but we hope that you will consider a metal roof for your North Carolina home.
Why metal roofing?
A standard, asphalt shingled roof is the norm for most neighborhoods. When a home goes on the market, the roof is expected to be in good working order its a necessity, just like the HVAC systems and plumbing. A home needs a working roof. You dont pay extra for a home system that worksits expected to.
Why A Classic Metal Roof?
The benefits of a Classic Metal Roof from McCarthy Metal Roofing are unmatched in the industry:
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Does A New Roof Increase The Value Of Your Home
You may be wondering if a new roof will increase the value of your home. This is especially true if you are considering selling in the future. While a damaged or older roof will definitely decrease the value of your home, a new roofs value will be affected by the real estate market, type of new roof you choose, and buyer preferences at the time. Lets dig deeper to find out if a new roof will increase the value of your home.
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If you are considering new roof materials, or are in need of a new roof there are many advantages to installing a metal roof. Your house will become more energy-efficient, with maximum life expectancy and low-maintenance.
Due to the metal roofs fire and wind resistance, you may anticipate a lower insurance cost and increase in resale value. Additionally, the visual appeal that a metal roof provides to your home will increase its attractiveness to the current real estate market and prospective buyers. Contact us for a Free Metal Roofing Estimate today.
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Choosing A Cool Roof May Increase Home Value
If you live in an area where energy efficiency is a big concern for buyers, installing a cool roof can help you. In fact, in some states, such as California, cool roofs are mandatory. Cool roofs appeal both to environmentally conscious buyers and those who are looking for a home with low utility costs. Choose one of IKOs Cambridge Cool colors Collection Shingles, which can reduce your homes heating and cooling costs. By doing so, you save buyers money without actually reducing your asking price.
Cost Effectiveness Of Metal Roofs
When it comes to cost, metal roofs are worth every penny. A standing seam roof is going to be more expensive than most any shingled roof because its installation is labor-intensive and requires skills that are much less common among roofers. But a professionally installed metal roof will last a lifetime and save energy costs. This initial investment can be incredibly worthwhile when youre trying to keep maintenance costs low and increase the future resale value of your home. With the wear and tear on a regular shingle roof that can continually drain your wallet, you may find that the cost of a new metal roof is more cost-effective over time.
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Pump Up Your Marketing Materials To Show Off Your New Roof As An Asset
You and your agent might decide, after a new roof goes on, not to change the listing price of your home.
This is a personal decision based on your specific house in your specific area. However, since youre competing with all the other homes in your area, whatever you can do to make your home stand out helps. Tell the world you have a new roof!
A buyer will love that they dont have to move in and then spend several thousand dollars more to put on a new roof. A good agent will make sure potential buyers know about this new roof and the conveniences that come with it.
Tips For Maximizing Roi On A New Roof
If you are interested in getting the most ROI from your roof, there are a number of things you can do. Here are some tips for maximizing your return on investment:
- Dont layer shingles, instead remove old shingles and put a new roof on
- Keep up with the necessary maintenance of your roof and check on it frequently
- Choose midrange roofing materials
- Consider offering to transfer the warranty to the buyer
If you do choose to replace your roof before selling, make sure that you market the fact that its new and any other saleable features.
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How Metal Roof Increases Your Home Value
A metal roof is one of the most durable roofs that you can install on your home, but does it increase your home value?
Before you even consider how much a metal roof increases your home value, it is important to understand how this material can be beneficial for the overall life of your property. A metal roof will last between 50 and 100 years which means that if you ever need to replace it, there won’t be any major costs involved with getting it installed.
There are several ways how a metal roof will increase your home value. These include durability, heat resistance, aesthetic appeal, and lower insurance premiums. These are just a few reasons how much havingmetal roofingon your home will increase its value.
The Best Shingles For Resale
If youve decided a new roof is a good investment for you, you should spend some time thinking about which shingles will give you the best return. If your goal is to boost your appraisal value or attract more buyers, shy away from choosing the lowest cost shingle. Buyers may not be thrilled about the low-end options, as they may not create the same sense of security. You want the buyers to be sure that they wont have to replace the roof for at least a decade.
Instead, choose a quality asphalt shingle from a well-known manufacturer, such as IKOs architectural shingles. One option is IKO Dynasty performance shingles. These laminate shingles offer your buyers assurance in quality, especially if you live in an area where extreme weather conditions are frequent.
High-quality shingles may impress insurance companies as well as buyers. Some insurance companies will offer lower home insurances rates if the home has a new quality roof that offers more protection during extreme weather events. Your buyer may be interested in mentioning this to their insurance company so make sure you mention the possibility of a lower insurance rate to them. It just might be the factor that convinces them to purchase your home.
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Ways A New Metal Roof Can Increase The Value Of Your Home
A couple of days ago, one of our team members stumbled upon this article.
Luckily, you wont need to go as far as some the people in that article to make your home stand out from the crowd.
If youre thinking of selling in the next few years, consider a new metal roof. Re-roofing is a much more practical way to improve the aesthetic, function, and value of your home.
Your roof doesnt just serve a practical purpose its also a huge part of your homes appearance. Combined, these attributes have a considerable impact on your homes value, increasing the likelihood of receiving a good price in the future.
Dolan Roofing Can Provide The New Roof You Need To Sell
When it comes to adding value to your home and avoiding issues with the home selling process, replacing your roof is a good place to start. No matter what type of roof you choose, youre likely to get a solid return on your investment while increasing the curb appeal of your home to potential buyers.
Dolan Roofing & Construction is the leading expert in roof replacement services to help beautify your home and get it ready to list. Our expert roofers can even help decide on the right new roof for your home, providing insights on homes in your area and helping you to get the most from your investment.
Hoping to list soon? Contact Dolan today to replace your roof with one potential buyers will love!
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New Metal Roofing Looks Great
Many people arent fond of metal roofs. When they think of a new metal roof, they think of dull grey sheet metal, normally coated in rust.
If your only exposure to metal roofing is inner-suburb weatherboard houses from Federation, then of course theyre not going to look very good!
Older metal roofs dont have the benefit of todays knowledge or processes. Thats why the paint is faded, the metal chipped and theyre coated in rust.
But well let you in on a secret: its certainly not like this anymore!
Greater Longevity And Durability
Perhaps the number one reason homeowners look into metal roofing materials is for their longevity. Any homeowner who has had to replace shingle after asphalt shingle knows that traditional roofs have a lifespan of between 15 and 30 years. Metal roofs, on the other hand, tend to last between 30 and 50 years.
Additionally, while metal roofs can become dented, it typically takes quite a bit of pressure to do this. By contrast, it takes much less force to tear or damage asphalt shingles.
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How Much Does A New Roof Increase Home Value
The research that has been conducted on how much value a new roof will add to your home is somewhat mixed. One study finds that a new roof is a reasonable investment. Remodelings 2019 Cost vs. Value Report found that the average American homeowner spends $22,636 on a new asphalt shingle roof of midrange quality. That new roof will increase the homes value by $15,427, on average. That works out to 68 percent of the investment.
Yet, other research has found that a new roof adds much more to the appraisal value. The National Association of the Remodeling Industry released a remodeling impact report that found new roofs provide a 109 percent return, which means you could make a profit on your new roof.
While putting on a new roof is clearly a good investment, how do you know if your roof will make you a 60 percent return or if it will boost your home above its own costs? There are at least three factors you need to consider: the condition of your roof, the housing market conditions in your area and the type of replacement roof you choose.
Local appraisers will undoubtedly notice if your roof is in poor condition and will reduce your home value accordingly, depending on how serious your roof problems are.
Return On Investment Depends On More Than One Factor
According to , John Skinner, different factors need to be considered:
Even if a roof is older, if the roof is in sound condition and looks good, other projects may be a better resale investment, such as an upgraded kitchen or bath. However, if the roof is old and shows signs of wear, it could discourage potential buyers by hurting your curb appeal, in addition to looming as a big investment to repair or replace.
Last year, a quick look at the Remodelings Cost vs. Value Report 2019 estimates that the national average of a complete roof replacement with asphalt shingles at a job cost of $22,636, has a resale value of $15,427, so you recoup 68.2% of your investment. A replacement using metal materials at a job cost of $38,600 has a resale value of $23,526, so you would recoup 60.9%.
This year, the same source shows that things have changed, but not a great deal. A complete roof replacement with asphalt shingles at a job cost of $24,700, has a resale value of $16,287, so you recoup slightly less than last year at, 65.9% of your investment. A replacement using metal materials at a job cost of $40,318 has a resale value of $24,682, so you would recoup 61.2%, up ever so slightly from 2019 figures.
According to another Marin realtor, Corey Robinson, with Golden Gate Sothebys International Realty
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