If you are in the process of selling or even thinking about putting your house up on the real estate market, you may be looking for ways to increase its value. One of the most valuable improvements you could make to your home is to replace its old roof with a new one. In this post we will explain how a new roof adds value to your home and the best way of going about getting your old roof replaced.
A new roof can be valuable in more ways than just the obvious. If your current roof is more than 10-15 years old, it is very prone to storm damage and highly difficult to repair. Repairs on old roofs additionally have a low life expectancy. People shopping the real estate market in Florida want to be sure that the property that they are buying is a good investment that will be stable for a long time. Florida, however, is prone to hurricanes and tropical storms which decrease property value and the stability of a home. So, new homeowners are looking for properties best able to stand up to strong storms like that. A new roof will instill confidence in shoppers since new roofs are built to the most current building codes and with the most up to date materials that provide the best protection possible against high winds and rain. Moreover, a new roof will likely not need any repairs for the upcoming years and will come with one or more warranties. All these things add value to a home.
Another thing to take into consideration is the property insurance market in Florida. You may or may not have heard about this, but due to the amount of damages from storms and flooding in recent years leading to a preponderance of claims, many property insurance companies in Florida have either left the state or went under completely. This has turned what used to be a buyer’s market (to borrow a real estate term) into a seller’s market. In the past, there were so many property insurance companies operating in Florida that a homeowner could shop around for a policy and find a fairly affordable policy quickly and with ease. The recent troubles in the property insurance market, however, have led to a state where insurance companies can raise the cost of their policies or deny coverage altogether. Frequently the coverage denials or especially high costs of insuring property are associated precisely with the state and age of the roof. It has gotten nearly to the point that homeowners and property owners seeking new policies or renewals for homes with roofs 15 or more years old have nowhere to turn to but the state run insurer, which may offer only policies with limited coverage. Any new potential homeowner would want to avoid this issue by purchasing a home with a new roof.
So, if you are now convinced (as we suspect you are) that a roof replacement will add value to the sale price of your property, you are probably wondering how you might go about accomplishing this seemingly daunting task. The process is fairly easy. What you need to do is call a local, experienced, licensed, and insured contractor (like Florida’s Best Roofing, Inc!) for a free roof replacement estimate. Call several reputable local companies and get a series of estimates to compare prices, materials, and methods. Once you make your choice, call your chosen company and get your roof on the schedule–after filling out the necessary paperwork–as soon as possible. If you are concerned about cost, keep in mind that many companies, including Florida’s Best Roofing Inc., offer financing options. This means that you could finance your roof replacement now and then pay off your entire balance after you sell your property for a higher price than you may have previously imagined. It is important to get the process started as soon as possible. Although the roof replacement process itself is usually completed within two to three days (unless you have a tile roof), roofing companies tend to be a few weeks to a month or two out on their schedule, especially after the recent damages caused by Hurricane Ian and Tropical Storm Nicole. So do not wait, and give us a call today!
If you have any questions about roofs, we would be happy to help you out. Florida’s Best Roofing, Inc. is a fully licensed (CCC 1325974) and insured, local roofing contractor with decades of experience. If you are interested in roof replacement or repair and you are in the Palm Coast, Flagler, or Volusia area, please give us a call at 386-263-7906 for a free estimate!