Most of the time we don’t have to think about the roof over our heads, yet keeping up with roof maintenance is a smart financial move.
(A big “thank you” to our friends at Excel Builders for sponsoring this post!)
Roof repair might seem like a hassle—and an extra expense. Yet, according to roofing specialists at Excel Builders, keeping up with basic maintenance and repairing damage promptly makes a lot of financial sense.
Curb Appeal And Property Value
If there’s any chance, you will want or need, to sell your home in the future keeping your roof in great shape is critical.
• Great curb appeal will help get potential buyers in the door. On the other hand, obviously loose shingles and other damage will likely cause potential buyers to strike your home off their list immediately.
• Return on investment is difficult to predict when making a lot of home improvements, but improving a damaged roof is a safe bet. After all, most new homeowners want to feel like they can move in and enjoy the home without worrying about major repairs.
• Making your home competitive can be as simple as convincing potential buyers that your home poses a low financial risk. As mentioned above, most buyers don’t want to worry about major repairs. And if this will be their first home, or if a down payment has them cash-strapped, presenting your home as technically solid can make a huge difference.
• A solid infrastructure will help ensure the sale will go through once buyers fall in love with your home and put it under contract. Most home sale contracts will require favorable results from a home inspection. If major damage is discovered it’s likely you’ll have to pay for repairs on a tight timeline or the contract will fall through. (And you’ll have to put your home back on the market.)
Reduce Future Maintenance Costs
Even if you have no plans to sell your home, keeping up with roof maintenance is still a smart move. A single lost shingle can eventually lead to a lot of damage. It’s a good idea to call a roofing professional as soon as possible before you have to worry about leaks, sagging ceilings, damaged drywall, mold, and paint damage.
It’s also important to realize that the damage caused by a leaky roof may not be covered by your home insurance policy. Even if you don’t fully understand everything involved in home maintenance, your insurance company is likely to hold you responsible for protecting your house from normal wear.
Preventing Mold Damage
As mentioned above, roof damage can lead to leaking and create the perfect environment for mold growth. This can develop into a major problem putting your family’s health at risk. It can also become an incredibly expensive problem to solve. It may require pulling out walls and ceilings and applying special treatments. All, which is unlikely to be covered by your home insurance policy.
What are your biggest home repair challenges? We’d love to hear from you. Comment below!