Your roof is one of the most important parts of your property, but frequently owners don’t think about it until it becomes an issue. A roof makes itself heard in a variety of ways, though: are you selling and wondering if you should replace your current roof? Maybe you’ve just found damage and are wondering if you should invest in maintenance or just replace it. So when should you consider a full roof replacement?
Roofs and Real EstateAccording to the National Association of The Remodeling Industry, as of 2019 a new roof can be one of the top exterior improvements to make to your property to increase its appeal to buyers. The cost of installation is frequently more than returned when it comes time for appraisal. Overall, the state of repair is vital to your success on the market. An interested buyer will need to know things such as the overall repair, how old it is, and what material it’s made of, but keep in mind that depending on your local market a well-kept roof could be just as valuable as a full replacement. When it comes to the liability of the seller, however, in Ontario, home defects are separated into two categories:
- Patent Defects
- Latent Defects
Repair vs. ReplacementThe question of whether to continue maintenance on a pre-existing roof or to pull the plug and install something new can be stressful for a property owner. A roof is an investment, and you want to make the most of it before it’s time to reinvest. Luckily, owners have options to help them decide if they want to replace or repair. Roofers can offer inspections to give owners a formal idea of where they stand; however, there are some clear indications that a replacement is preferable to a repair, even if a repair is possible. Good Housekeeping warns that if your roof is over twenty years old and has damage that would normally be repaired, maybe it’s a wiser choice in the long run to do a full replacement. Even if it still looks good, doing a spot repair now could be a waste of money when in five years you’ll have to replace the whole thing anyway. That number varies, however, depending on location and environment. For instance, in our region of southwestern Ontario (and depending on the kind and quality of shingles used in the initial build), we see our roofs last closer to fifteen years with a high end of twenty. This should adjust your expectation of your roof: it would need to be repaired sooner than perhaps roofs in different areas would. There are also more obvious signs that a roof is in peril, including:
- damaged shingles, including shingles that are missing, broken, or shedding their granules,
- obvious gaps visible from the interior and persistent leakage, or
- visible structural weaknesses, like a warped surface