Summer is construction season, both on the road and in our homes as renovators take advantage of nicer weather. As the Canadian housing market continues to grow, some areas are seeing tremendous growth while others nearly none at all – making choosing the right renovation for the greatest return on investment increasingly difficult. And before the demolition, digging, sawing, and hammering start, you should determine your reasoning beyond need, such as meeting an aesthetic desire because will you be staying for a while, or that you’re looking to sell in the near future.
The Appraisal Institute of Canada’s (AIC) consumer guide How to Value Your Renovations suggests that replacing your roof is the top renovation for maintaining your property’s worth. While the AIC’s consumer guide Tips to Choosing “Smart” Home Renovations number one suggestion is to “choose improvements with long life expectancy,” with roofing being the first item listed.
Your home is your most valuable asset and renovations can be maintenance or a value added proposition. The value of a new roof on your home can vary widely based on a number of factors but a quality and contemporary roof can add between 15 and 40 percent to the value of your home, whereas shingles may offer no additional value but will still keep your home attractive, dry, and warm. Key factors affecting cost include style, added architectural interest, and quality and finishes of the roofing material chosen.
Improved Energy Efficiency
Another way that a new roof can add value is by improving your home’s energy efficiency. A roof that has adequate insulation and is made from efficient materials prevents hot and cold air from mixing, reducing your need for home heating. Your house will also gain value once you’ve repaired any damage caused by leaks in your old roof, and the repairs will be preserved by the new roof construction.
On the flip side, if you are looking to sell, a new roof can add extra value to your home by attracting more buyers and sell your home sooner, reducing the cost of maintenance, marketing, and real estate agent fees.
New Roof Installation Edmonton
If you have concerns or questions about your roofing in Edmonton, for longtime enjoyment or a quick sell, call A. Clark Roofing & Siding LP at 780.465.7571 and we’ll be happy to answer your questions in meeting all your roofing needs in Edmonton, St. Albert, Sherwood Park, and across Alberta.