4 Things You Need to Know When Investing in a New Roof

4 Things You Need to Know When Investing in a New Roof
  • Opening Intro -

    Home ownership is a responsibility with many different forms of maintenance needed at some point or another.

    While most forms of maintenance are relatively minor and affordable, a few can really break the bank when they suddenly become required.

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From foundation issues to HVAC problems, these repairs can be monumental.

Roof repair and replacement is another example of a much-needed (but expensive) home improvement project. Given the necessity and cost of this project, it is important to know exactly what the process entails and what to expect before committing to it.

To guide you in the right direction, let’s look at 4 specific things every homeowner should know when replacing their home’s roof.

Always Use Licensed, Bonded Professionals

Arguably the single-biggest mistake many homeowners make when investing in a new roof is failing to verify their contractor’s credentials.

Given the sheer cost of roof replacement and the effects it can have on your home as a whole, picking the right professionals for the job is crucial.

This means contractors that are licensed, bonded and have independent reviews to back up their work.

Contractors such as ezhomesolutions.com provide homeowners with access to roofing services that are performed by licensed professionals with experience in the industry.

The process of shopping for a new roof should be detailed and meticulous; do not automatically pick the cheapest price or the first contractor you encounter.

Prices Can Vary Considerably

There are a variety of factors that can impact the final cost of a new roof. Ultimately, factors such as geography, materials, existing damage to the roof structure and the overall square footage all play critical roles.

roof ladderroof inspection kit

      some getting-on-the-roof ideas to consider      

The average American roof replacement costs around $8,000; this is largely based on the use of asphalt roofing shingles covering an area of around 1,700 square feet. If you decide to use a form of metal roofing or vinyl shingles instead, the cost for materials alone can quickly double.

Any replacement of the structural wood on the roof can also increase prices drastically (though many contractors provide initial estimates assuming some wood replacement will be needed).

Roof Repairs Can Affect Your Taxes

Given that roof repairs and replacements are so costly, many people wonder whether they can earn tax credits, deductions or other favorable benefits from the project. While for most people this is not the case, if you are preparing to sell a home, you may be able to benefit.

House flippers benefit more so from this situation than anybody else, as they can deduct the cost of the roof replacement from their net profit on flipping the house. This of course lowers the tax burden. If you’re not planning on selling the home within the same year that you’re repairing the roof, however, then do not expect any federal tax relief.

other valuable tips:

The Life of Your New Roof Can Vary

A properly installed roof can last for decades, which in many cases means for the natural life of the homeowner. However, materials used can affect the roof’s lifespan:

  • Asphalt shingles tend to last 20-25 years, making them affordable up-front but needing to be replaced more often
  • Fiber/cement shingles can provide a bit more life, ranging from 25-30 years
  • Tile and metal roofing are the best long-term investments, easily lasting 50 years or more

These four important points must be considered when investing in any new roof. Whether you’re repairing an antique home or simply modernizing the home’s look and feel, quality roofing is an investment that cannot be treated flippantly. Consider these factors carefully before committing to any contractor or roofing project!

Image credit: by twenty20.com

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