06 May Should I Replace or Repair My Roof? Factors To Consider
There are many factors to consider when deciding whether to repair or replace your roof. Many people get stuck in this position because a new roof installation is definitely more expensive, and they have to think if it is worth doing it, or if repairing it is too much of a hassle.
There are many variables to consider, thus today we will point out the key factors that will help you in your decision making.
Your Roof Affects Your Home’s Value
The average asphalt shingle roof will last anywhere from 20 to 30 years. If your roof is approaching the end of its life, it may be time to replace it. Not only will a new roof increase the value of your home, but it will also make it more appealing to potential buyers should you decide to sell in the future.
If you replace your roof, it’s likely to be more valuable than if you were to repair it.
Your Roof Can Cause You Distress
If your roof is leaking, it can have a negative impact on everyone in your family’s health. If there is water damage, mold, or insects in your house, you are at risk of developing health issues. If you have any of the following difficulties, it’s critical to address them as soon as possible. The easiest approach to fix these issues or to replace your roof.
How Long Do You Plan on Living In Your Current Home
It may be more cost-effective to replace your roof rather than repair it if you intend on staying in your house for a long time. As the cost may be even out and you get to enjoy the benefits of a new roof.
A new roof will last a long time. If you plan to sell your house soon, replacing your roof may be a smarter choice since maintenance expenditures might enhance the resale value of your property as mentioned.
This would also depend on your property’s resale value.
On the other hand, if you don’t intent to sell your home for a high value or you intent to just continue staying in your property till the end of its lifespan, and your roof condition is still liveable, then repairing it may just do the job.
Your Current Warranty
It’s vital to understand how warranties will be affected by a repair or replacement if you have any on your roof. Some warranties only cover repairs, while others may also cover replacements.
If you are unsure what your warranties cover, contact the company that sold them to see what they say.
The Cost of Repairing Vs. Repairing
The expense of fixing your roof will be determined by the size and condition of your roof.
In general, the cost of repairing a roof is less than the cost of replacing it.
If your roof is in terrible shape, however, repairing it may be more expensive than replacing it. Sometimes, repairing a roof with serious damage is more expensive than constructing a brand new one.
You would need to get a roof consultant to help you out with that. The factors affecting the cost would depend on these conditions below.
(1) Roof’s Condition
If your roof needs to be replaced, it is only a matter of time before you have to do it. However, if your roof is less than ten years old and has minor damage, repairing it may be a preferable option. When the roof is still fairly new, your asphalt shingles and underlayment may require some minor touch-up.
If the roof is constructed of outdated materials, it may be difficult or even impossible to replace. In this situation, you would have to replace the entire roof.
(2) Roof’s Age
Roofs generally last 20 to 25 years, although there is no established time period for roof life. If your roof is older than 20 to 25 years old, it may be time for a replacement.
However, if your roof is in excellent condition and you only need a couple of small repairs, repairing it may be the better decision.
(3) Roof’s Size
Installing a new roof will cost more than repairing an existing one if your roof is huge or has numerous complicated features.
A larger and more complex roof will cost more to install a new roof.
Take into account the size and complexity of your roof when deciding whether to repair or replace it.
(4) Roof’s Material
The type of roofing you select will also impact whether or not to repair or replace your roof. When your roof is damaged, some materials, such as asphalt shingles, are simple to replace.
Slate, for example, is more difficult to find and is likely to cost more if you have a new roof put on. Take into account the material of your roof and how hard it will be to replace it when deciding whether or not to repair or replace your roof.
(5) Roof’s Shingles Condition
Many homeowners choose not to repair asphalt shingles that are curling at the edges or exhibiting signs of severe wear and tear.
If you have an older roof with asphalt shingles, chances are several of them are in poor shape.
You may want to think about replacing your roof instead than repairing it in this situation.
Which Should You Do?
In general, if the damage is minor and you can fix the problem without replacing any shingles, your roof should be repaired. If the damage is severe, such as large holes or missing shingles, you might want to replace your roof.
You should also keep in mind that repairing your roof is usually less expensive than replacing it.
If you have any health problems that may be exacerbated by a leaking roof, you should get a new roof installed as soon as possible.