Is 2024 a good year to replace your roof? A healthy roof is just as important as a strong foundation. And in many parts of the country, the earlier months of the year are ideal for roofing work — before it gets too hot or rainy.
Whether you’re considering repairs or need a full replacement, you might want more than the basics. Today’s roofing technology offers many versatile options for both materials and design. This way, you can do more than repair or replace. You can truly upgrade your roof and enjoy benefits such as greater curb appeal, better energy efficiency, and more.
Let’s explore your options for a new and improved roof for your property in 2024.
What to consider when replacing your roof
In Florida, it’s generally recommended to replace your roof every 15 years or as soon as it begins showing visible damage. Many home insurance companies require this to continue providing coverage.
The best part of roof replacement is that you have choices to upgrade your roof’s design or materials. This could be a great way to improve the return on your investment.
Longer-Lasting Materials
While the 15-year mark is a good guideline, you may be able to extend your roof’s lifespan with a materials upgrade. Some of the most durable and energy-efficient roofing materials include:
- Standing seam metal, which can last 30 years or more. It’s highly resistant to Florida’s barrage of intense sunshine, heavy rains, and occasional hurricanes.
- Composite shingles. Made with synthetic materials, these shingles are built to withstand the elements. They often look like traditional cedar or slate shingles, but with a lifespan of 40-50 years.
- Clay barrel tiles. This roofing material is a Florida classic for a reason. Clay can survive intense heat. Plus, the curved design helps air circulate above the roof deck, which can help maintain interior temperatures. NOTE: Clay is one of the heaviest roofing materials, so make sure your building can support it.
Architectural Shingles
Have you been using traditional shingles on your roof? If you’re looking to increase your property’s curb appeal or simply give it a facelift, architectural shingles are a good option.
These shingles look more dimensional, giving your roof a classic and sophisticated look. Plus, they often come with longer warranties compared to standard asphalt shingles.
Note that architectural shingles usually can’t be laid over other shingles. So, if you’re in the market for a full roof replacement, consider the architectural style for a pleasing aesthetic.
Energy-Efficient Shingles
Your roof takes more sun exposure than any other part of the building. Shingles with reflective coatings bounce the sun’s rays away from your property. This reduces the amount of heat it’s absorbing, which may help lower your cooling costs.
You can also choose shingles with advanced insulating properties. They enhance the “building envelope,” which is the buffer between your interior and the outdoors. This helps maintain a consistent indoor temperature — cool in the summer, warm in the winter — and regulates your energy costs.
The best roof upgrades for 2024
A roof replacement is an excellent opportunity to upgrade your property. But even if you’re just doing roof maintenance for 2024, you might consider one of these enhancements to boost your property value.
Skylights and Sun Tunnels
Skylights or sun tunnels bring natural light into your home or business. They’re a beautiful way to give your interiors an upscale look. Plus, they reduce your need for artificial lighting, potentially lowering your energy costs.
Cool Roof Coatings
Even if you’re not replacing your roof, you can give your existing materials and energy-efficiency boost. Reflective coatings divert the sun’s rays and reduce heat absorption. This “cool roof” upgrade can help your property become more energy-efficient.
Lightning Protection
A lightning strike can seriously damage your circuits and electronic devices —— or even start a fire. Before storm season begins in Florida, install a lightning protection system to safeguard your home or business.
Gutter Upgrades
Gutters are crucial to protecting your roof from built-up debris and moisture. But not all gutters are built alike. Consider increasing your gutters from 5 to 6 inches before Florida’s rainy season arrives.
You can also have the gutters painted or enhanced with decorative hardware — the perfect complement to your beautiful new roof. Or, swap them out for copper gutters, which last years and look beautiful.
Frequently asked questions about roofing upgrades
Now that you have some potential roof improvements in mind, here are the logistics to consider.
Can you put a new roof over an old roof?
Yes, it is possible to install a new roof over an existing one, and this method is commonly referred to as a “roof overlay” or “roofing over.” It may save on the cost and labor of tearing off the old roofing material. Also, it’s usually faster than a complete replacement.
However, putting a new roof on top of an old one can greatly increase the load on your building. Make sure your structure is solid before you begin a roof overlay.
When you have multiple layers of roofing, it could be harder to identify underlying issues such as rot or damage during inspections. And because adding a layer may affect the roof’s ability to “breathe,” you may develop moisture issues.
TIP: Some roofing material warranties may be affected if installed over an existing roof. Always check with the manufacturer for guidance.
Also, building codes may restrict the number of roofing layers allowed in a particular area. Always check local regulations before deciding on a roof overlay.
Does installing a new roof increase property value?
A well-maintained and visually appealing roof is vital to your curb appeal. So, replacing or upgrading your roof can definitely boost your property value.
You may also see an increased property value from energy-efficiency upgrades. These are highly marketable, especially in Florida where energy costs tend to be steep. Upgrades such as reflective coatings, solar panels, or cool roof technologies can be a great investment.
The roof condition is also a critical factor in inspections. If you’re selling, this could mean a higher appraisal — and assurance to potential buyers.
A new roof provides better protection against leaks, water damage, and other issues that can compromise the structural integrity of a home. This can give buyers confidence in the long-term durability of the property.
Also, roofing materials with longer lifespans and warranties are often more attractive to buyers, as they won’t need to worry about major repairs or replacements in the near future.
How much does a new roof increase value?
As with any property investment, a roof replacement or upgrade has a cost. Your goal is to get a return on that investment. It can be hard to pin down an exact number because it depends on your roof type, the materials chosen, if you had to make structural enhancements too, and so on.
Remodeling’s 2023 Cost vs. Value Report lists the following averages for residential properties:
Metal roofs recover 48.9% of their cost, with an average resale price of $23,163.
Asphalt roofs recover 61.1% of their cost, with an average resale of $17,800
This means your property’s value would increase by those resale amounts.
It’s harder to estimate the ROI for commercial properties, given their complexity. In general, though, investing in your roof’s health helps boost your property’s marketability. If you’re renting out the property, you may be able to fetch a higher rate. Any cost savings from lower premiums or energy costs can be reinvested into the property or passed on to your tenants.
Will my insurance go up if I get a new roof?
Generally not. Roofing upgrades and replacements are considered a protective measure — and insurers appreciate that.
Insurance providers base their premiums on a range of factors. Usually, though, a well-maintained property enjoys lower premiums. In fact, some insurers decline to cover properties with old or damaged roofs. If they don’t deny coverage, they may raise the premiums to make up for the higher risk of damage.
That’s why property owners who choose highly durable roofing materials often see a drop in their premiums — anywhere from 5 to 35 percent, depending on your overall risk profile.
Sentinel Roofing can make your 2024 roofing project a success
We hope you’ve found this information helpful as you plan your 2024 property improvements. Investing in your roof is an investment in your property’s overall energy efficiency, safety, and curb appeal.
Whatever you decide to do, Sentinel Roofing is here to help. We offer detailed roof inspections, new roof installations, and meticulous repair. Get a free instant roofing estimate now.