What is the ROI on a New Roof?

What is the ROI on a New Roof?

What is the ROI on a New Roof?

Home renovation projects can require a substantial investment of money, time and energy. Therefore, it is extremely important that property owners choose their upgrades wisely. A roof replacement is an excellent choice for those who want to increase the value of their home or commercial building while saving more over time. At CMR Construction & Roofing, we provide premium residential and commercial roofing services including new roof installations, roof repairs and roof replacements. Our team of highly qualified specialists enjoy helping our clients achieve the best return on their investments, and we want you to achieve the same great results. Here are just a few of the short- and long-term financial benefits of upgrading your roof.

Why Does ROI Analysis Matter?
For property owners that want the most from their investments, ROI, or return on investment is one of the most important factors when improving a property. While some individuals have unlimited funds to renovate their properties without concern for value, most homeowners and businesses will need to create a realistic budget and thoughtfully plan their projects. A roof is one of the most important aspects of any property, perhaps second only to the foundation. Therefore, if the roof is in poor condition, it will need to be repaired or replaced before it can be resold or rented. This makes roof replacement a very practical upgrade that can offer a great ROI that will help the owner recoup costs over time.

How Does a New Roof Improve Property Value?
An outdated roof with curling shingles is a giant red flag for buyers. No one wants to purchase a property that is at risk of roof leaks, water damage or mold growth. On the other hand, a well-manicured roof made from durable materials can instantly upgrade your curb appeal and can offer a lot of incentive for local consumers. Choosing a long-lasting material such as metal, tile or slate will showcase the beauty of your property and let potential buyers know they won’t have to pay for repetitive repairs or premature replacement. These factors provide an opportunity to increase the selling price of the home or commercial building, while remaining competitive in the real estate market.

Can a Roof Upgrade Provide Additional Financial Benefits?
A quality roof upgrade will certainly increase your value when you choose to sell, but it can also offer extra financial benefits right away. First, choosing a reliable material like ceramic tile, slate or metal will reduce the need for repairs. In addition, minimum standard asphalt shingles must be replaced every 10 to 20 years, while premium alternatives can last several decades. Property owners will also enjoy decreased utility costs since a well-maintained roof made with the right materials can drastically increase energy efficiency. Some property owners may even receive a discount on insurance premiums for choosing a roof that is resistant to fire and hail damage.

Are You Ready to Upgrade Your Roof? Call CMR Construction & Roofing Today
Have you decided that a roof replacement is the best way to invest in your property? Then call the experts at CMR Construction & Roofing. Our roofing professionals are ready to help you reach your goals. Contact our office for more information or to schedule an appointment with a qualified roofing specialist in your area.