Posted on: 11 December 2020Share
Your rental home should always be in its best condition. After all, the property is an investment and you operate a business as a landlord. You want carpets clean and fresh, appealing paint on the walls, and a roof that is as reliable and new as possible to draw in potential renters and maximize your rental profit.
A new roof installation is perhaps one of the most expensive home renovations you can do on your rental home, but one of the most beneficial to do as well. Why should you do roofing replacement on your rental home? Here are just a few reasons why this investment is worth it.
You get your investment back
There are a few ways you get your investment back when you choose to do a new roof installation on your rental home. First of all, you get to write off the money you put into your roof on your taxes. Why? Because this investment is a business expense since you operate as a landlord from your rental home. Secondly, you get your investment back by being able to have a more reliable home you can present to renters, which means you can potentially ask more for rent.
Thirdly, your home insurance rates are potentially cheaper if you put in the right type of roof. Having a standing seam metal roofing installation done, for example, can make your home insurance cheaper because metal is fire and water-resistant and very insulating, making the rental home potentially safer, and therefore cheaper to insure.
Lastly, you get your investment back should you choose to put your rental home on the market in the future. Buyers appreciate a home with a newer roof because it's an investment they won't have to make anytime soon.
You get better peace of mind
Putting a new roof installation on your rental home gives you peace of mind knowing you won't have to worry about leaks, roof cave-ins, or other rental home damages. Since you are responsible for any damage done to your rental home whether it's vacant or occupied, it's worth it to invest in one of the most important structural aspects of the home so you know your renters have a roof over their heads that is safe and sound.
The right roofing company for your rental home will be able to do a new roof installation quickly and efficiently. Get a quote for services so you can budget for your rental home's roofing project accordingly.