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Reasons to re-roof
1. Property value increase
It's no secret that a property with a brand new roof under warranty and with all of the correct paperwork will indeed fetch more on the housing market if offered for sale or to rent. This is demonstrated year after year by our own studying of the Royal Institute of Chartered Surveyors (RICS) reports that indicate property value increases are in the region of 7-13% with the benefit of a new roof. (7% minimum in low demographic areas and up to 13% in higher value higher demographic homes).
Working out the approximate value of your home and then choosing a middle of the road estimate for increase of, say, 10% is not unreasonable, we find. Such an increase can make it an extremely attractive proposition when there is so much money at stake. More often than not, we have found the benefit in property value increase can exceed the actual given cost of the new roof. This is why this is our first most important financial case to answer.
2. Lower energy bills
It is no surprise that, with hot air rising throughout a building, it is estimated that 76% of this heat loss occurs through the roof.
The data suggests that since the 2004 Government schemes to insulate lofts, this has improved and loft insulation has been a benefit when reducing energy consumption and bills. The problem, however, is in eaves and the heat loss that occurs where there is a gap between where the cavity wall insulation ends and the loft insulation begins. This gap around the house we estimate equates for up to 90% of that heat loss.
The cold spot that ensues is responsible for the remainder of the heat loss and the noticeable gap is only ever seen when the roof is removed. In most parts this gap is where there is no head room for the loft insulator to work and he’s not able to fill the eaves with the appropriate insulation due to restricted access.
Opting for a new roof means we can address this empty cold spot, which can be as much as one metre wide around the building. We can reduce the heat loss and lower energy bills by as much as £300-£650 per year. Taken together with other benefits; this makes a significant financial case to answer for a credible reason to re-roof your property instead of a repair.
There are many reasons why 2,400 customers choose to re-roof their property with Findley Roofing & Building every year. They are wide-ranging and many of them come down to: Is there a financial case to answer when considering a new roof? Furthermore, what are the added benefits?
We discuss some of them here...