Most property owners know that replacing a commercial roof can be expensive, but a new roof can also add value to a property. So, instead of looking at it as an expensive burden, look at it as an investment that will pay off when the property is sold. Not to mention, replacing the old roof will prevent further property damage and help you avoid expensive repairs in the future. Frequent repairs can add up quickly and become more costly than a one-time roof replacement. Here are a few ways that a new roof can add value to your property:
Lowers Maintenance and Repair Costs
A failing roof can cause additional damage to a building. For example, leaks can lead to water damage to the ceiling and/or interior and exterior walls. Extensive moisture buildup can also cause warping, leading to leaks, gaps, and other major structural issues. Damage caused by any of these issues can call for expensive repairs. However, a roof replacement can prevent all these damaging events from happening. Maintenance on a failing roof and repairs for damaged structures can be much more expensive than a replacement. With a new roof, you won’t have to worry about future damage or the need to perform frequent maintenance.
Improves Energy Efficiency
A well-insulated roof can help improve energy efficiency, thus lowering monthly energy bills. Most old roofs aren’t properly insulated, which can increase maintenance costs on your commercial property. This can also lower your property value. Today, energy efficiency is a feature most buyers are looking for, so if your building isn’t up-to-par, you won’t get top market value. Keep in mind that the more energy efficient your property is, the more money you will make. Tax breaks and incentives are also offered for having a “green” roof or property.
Heightens Curb Appeal and Protection
It’s no secret that great curb appeal attracts more buyers. And a new roof can brighten up and draw more attention to your property. Not to mention, attracting new buyers or tenants. However, if your buyers can’t see that your roof is new, include that information in your property’s brochure, web description, and more. For most buyers or investors, a new roof screams security, reliability, protection, and less money out of their pocket. Calling one of the top commercial roofing companies Edmonton has to offer – Crest Roofing – and having a new roof installed will make your property more appealing to buyers in more ways than one.
Do you have concerns about the roof on your commercial property? Give us a call for a free quote today!