Will a metal roof increase the value of my home?
A new roof in general, not just a metal roof, is always a powerful marketing tool when you’re looking to sell your home. As your real estate agent will likely tell you, buyers appreciate a new roof because they know it will save them the hassle of a reroof. Most buyers can’t handle large expenses, like a new roof installation, after they’ve just purchased a home. To air on the side of caution, they simply may not put in an offer on a home with an older roof. Does that mean that adding a new metal roof will increase your home value? If you are looking for some answers on this question, then you have come to the right place. At Metal Roofing Solutions, we know everything metal roofing and metal roofing applications. In this blog, we take a deeper look into how a new metal roof can increase the value of your home.
How can a new metal roof increase home value?
All real estate markets are different. And, as most folks who have bought or sold a house know, two things are required to complete that transaction, a willing seller and a willing buyer. The two of those may end up “dancing” a great deal to end up at an agreed-upon price. To a large degree, the value of a home’s roof will be determined by potential buyers of that home. If a home has a roof that they want and appreciate, then it increases how much they are willing to pay for the home. On the other hand, if a home’s roof looks ordinary or in need of replacement, it will reduce what they are willing to pay for the home.
Particularly with today’s metal roofs that look like slate, shake, and tile, a metal roof can be a great way to enhance a home immediately through increased beauty as well as the “high end” value implication of an upscale home.
Experience freedom from ongoing maintenance and replacement
You may think that you’re an incredibly charming contractor who homeowners would love to work with on a daily basis but, fact is, no one likes having to repair or replace their roof. Roofing costs, regardless of the product being installed, seem to double about every 12 – 15 years, a number that is being driven by the ever-escalating cost of skilled labor. In thinking about roof maintenance, it’s important to keep in mind that most “temporary” or “disposable” roofs have two lives. Both lives are fairly short but those two lives are a functional life and an aesthetic life. According to national studies, the functional life of most roofs is about 17 years. However, the aesthetic life is closer to 5 – 7 years before the shingles have streaked and stained and weather has taken a toll to where they look like an “old roof.” Once they hit that point, even though the roof may continue to protect against the weather, the perception is that it is on its “last leg” and it begins to detract from the home’s overall appeal and value.
With a metal roof, you obtain a roof that has a shelf life of at least 50 years and using backed by a limited warranty. This is a huge selling point for people because they don’t have to worry about maintenance or replacement for many years. The conclusion of this is that, to add to a home’s value over the long term, a roof needs to not only be durable and long-lasting but it also needs to maintain a “just new” look that enhances the home. Metal roofs fit that bill very well.
Due to their design and installation, metal roofs can include thermal breaks. A thermal break is basically a dead air space between two materials for the purpose of stopping conductive heat transfer or “thermal bridging”. Thermal breaks are used in double and triple pane windows to stop heat transfer. With a metal roof, the thermal break can be between the metal itself and the roof deck. This is naturally achieved with many of the heavily formed shake, shingle, and tile metal roofs which keep the metal up off of the roof deck. It can also be achieved by installing the metal roof on battens that lift it up off of the roof deck. Finally, the durability and design of metal roofing lends itself well to eventual solar applications, and an increasing number of homeowners care about that as well. Having a home’s roof be “solar ready” can add value to the home.
You can reasonably come to the conclusion that a metal roof can in fact increase the value of your home. If you have recently installed a metal roof on your home and now you are wanting to put your home up for sale, then you can probably look forward to a higher return.
For more information about metal roofing and metal roofing installations, we encourage you to continue browsing through our Metal Roofing Solutions website. Click here to find our contact information or to speak with a representative.