Refinancing is when you get a new loan to replace an old one. Depending on the type of refinancing you do, you can get better interest rates, lower monthly payments, and/or readily available, tax-free cash. You can use this money from the new loan to make improvements to your house, like getting a new roof. This type of refinancing is usually called a "cash-out refinance." Cash-out refinancing means taking out more money than you owe so that you have extra for repairs or renovations.
If you've recently refinanced your home, now is the ideal time to invest in a new roof. This investment can help you save money and increase the value of your property. Read on for more information about why investing in a new roof is important and signs that you need to replace your roof.
Reasons to Invest in a New Roof
If your roof is over 20 years old, it may be time to invest in a new one. Due to technological advances, newer roofs are more energy-efficient than older ones, which will keep the heat out and lower your cooling bills during the hot summer months. Newer roofing materials also have longer lifespans, meaning there is a good chance that you won't have to replace your roof again for the next 20 to 30 years.
Additionally, if your roof has not been replaced or inspected in some time, it could be suffering from unseen damage, such as rot or mold growth. Both of these issues can cause major health problems for those living inside the home. They can also cause problems if you are planning to sell your home.
Other signs you should consider investing in a new roof:
- You're missing shingles or tiles
- Your shingles are curling or warped
- You see signs of significant granule loss
- You're experiencing new leaks every time it rains
- Your roof is very faded, or you don't like the look of it
- You're dealing with structural issues, such as sagging
It can be hard to know when you need a new roof. But Lyons Roofing can help you make the right choice with confidence. They will help you decide if your roof needs to be replaced or not.
How Does a New Roof Increase Your Home's Property Value?
Investing in a new roof can significantly increase your home’s value because prospective buyers often look for homes with updated roofs as part of their purchase criteria. Additionally, as part of the inspection process when buying a house, the roof will be thoroughly reviewed by a professional inspector or a roofer. If it is discovered that your roof is in bad condition, it may slow down the escrow process or result in new negotiations where you either have to lower the price of the home or agree to fund repairs or replacements.
A well-maintained and high-quality rooftop can add thousands of dollars to the final selling price of your house should you decide to put it on the market. A new roof demonstrates to buyers that you are someone who has taken care of the home, and it is likely a safe investment for them to make.
Moving Forward with Your Roof Replacement
If you've recently refinanced your home, now is an ideal time to invest in a new roof! The advantages are numerous—from lower cooling costs during hot summers to increased property values when selling—so don't hesitate; contact Lyons Roofing today and find out how our roof replacement specialists can help you get started installing a new roof today.
With Lyons Roofing, quality always comes first—so why wait any longer? We provide expert-level roof replacements and repairs across the Phoenix and Tucson areas. Call us at (520) 447-2522 or contact us online.