Does a new roof add value to a home?
If you are remodeling or planning to sell your home, a new roof might be just the thing to increase curb appeal and add value to your home. Roof replacement, according to Remodeling magazine, can increase your home’s value by as much as $12,000. Moreover, you’ll recover almost 63% of the replacement costs because of this increased value.
Other benefits of a new roof include:
- Enhanced appearance
- Extended warranties
- Improved energy efficiency
Anytime you want to experience the benefits of a new roof and are looking for experts in residential roof replacement in The Woodlands, TX, you need to search no further than The Woodlands Premier Roofing. Set up an appointment today to get an estimate by calling 832-246-7884.
Does homeowners insurance cover a new roof?
Roof replacement isn’t cheap. But, if you have homeowner’s insurance and your roof has been damaged in a storm, you’re in luck. Your insurance company will likely pay for all or most of the replacement. This is true anytime your roof is damaged by what insurers call covered perils, any event like a storm, hail, fire, or high winds that are generally out of your control. How much of the replacement costs insurers cover will depend on variables such as the age of the roof or if your policy stipulates any exclusions. Hail damage, for instance, might be excluded from coverage in an area that regularly receives large amounts of hail. Insurers also typically don’t cover replacement costs because of lack of maintenance or general wear and tear on the roof. Check your policy or with your insurer to find out exactly what’s covered before you file a claim.
Is roof replacement tax deductible?
While your insurance company might fit the bill for a roof replacement, it’s much more difficult to get help from the IRS. Typically, new roofs can’t be deducted from your taxes. That’s because a new roof is considered a home improvement expense, which is not deductible.
That said, some types of roofs are eligible for tax deductions up to 10% of the roof replacement if the roof is considered more energy efficient. Eligibility depends on the following:
- The home is your main residence and isn’t a new home or rental.
- The roof must be a reflective roof, although a roof coating application isn’t eligible.
At present, this what makes a new roof eligible for a tax credit. However, because the tax codes are changed frequently, these opportunities for a deduction might change as well. Check with a tax professional to see if you qualify for a tax deduction.
How can I pay for a new roof with no money?
Because roof replacement can be expensive, you might worry about how you’re going to afford such an investment. In fact, the cost might balk at the prospect and not get the new roof, even if they need it. Cost, however, shouldn’t be a deterrent to installing a new roof. Several options exist that help you pay for it:
- Check your homeowner’s insurance policy to see if the replacement is covered.
- Look into financing options. Often roofing contractors provide options for financing or you can seek financing on your own through institutions like banks.
- Use a credit card.
- Refinance your home through cash-out refinancing.
- Get a home equity loan.
- Check out options like grants from government programs like the Weatherization Assistance program.
- Look for assistance from charitable organizations.
How to tell when you need a new roof
Unless you have a roof leak or your roof’s been damaged in an event like a storm, roof replacement probably doesn’t come to mind. Outside of something disastrous, how do you know when it’s time to replace your roof?
- Check your attic first. Gaps in the decking or stains or streaks are signs leaks are present. If you have several leaks, it’s time to replace the roof.
- Check your records to see when the last time your roof was replaced. If it’s more than 20 to 25 years have passed, your roof is due a replacement.
- Check your shingles. They should lay flat on your roof. Any signs of damage, curling or cracking, is good reason to look into replacing the roof. Damaged shingles often lead to problems like leaks.
- Check your flashing. The flashing around chimneys and vents shouldn’t be loose, rusted, or damaged.
- Check for low spots or sags. Sags or low spots on your roof indicate structural issues like rotting. Left alone for too long, a sag can lead to collapse.
- Check for moss or algae growth. The presence of these plants growing on your shingles indicates that moisture is trapped underneath. That moisture will lead to leaks and structural issues like rotting.
What is included in roof replacement?
Roofers follow a fairly standard process for roof replacement. You can generally expect them to do the following:
- Tear off the old roof to the decking.
- Inspect the decking to see if it needs to be repaired or replaced.
- Replace the underlayment or water-resistant barrier that goes over the decking.
- Install new flashing around chimneys, vents, skylights, and in valleys.
- Install drip edging, a type of flashing on the edge of the roof to control the flow of water.
- Put on the shingles.
Do gutters have to be removed when replacing a roof?
When performing a roof replacement, roofers often remove gutters in the process. This serves as a way to check seals along the edges to see if they need to be repaired or replaced as well. Removing the gutters also allows roofers to check to see if animals have damaged the soffit and fascia. In some cases, it might be necessary to replace gutters at the same time you replace your roof, especially if any repairs to the edges, soffit, or fascia is made or if the gutters are damaged in any way.
Roof replacement near me
When it’s time to get a new roof installed, you want to make sure you have a team of experts on your side. You’ll find those experienced experts at The Woodlands Premier Roofing. We specialize in roof replacement in The Woodlands, TX and work on all varieties of residential roofs. Schedule us for an inspection and estimate by calling 832-246-7884.