Benefits of Apartment Roof Replacement
With more people choosing to rent versus owning a home, landlords are under increasing pressure to lure potential tenants to their property. It can be difficult to compete in a burgeoning market, so savvy property managers should take a hard look at their buildings. New paint and strategic landscaping can enhance curb appeal, but what about the roof? Faded, sagging, aging roofs will quickly diminish any cosmetic improvements you’ve made to the property. Is it time to consider replacing your apartment roof? In addition to improving aesthetics, new multi-family roof will add value to your property and increase resident satisfaction.
Here are some reasons why replacing your apartment roof is a good investment.
Resident Satisfaction
Residents will appreciate peace of mind knowing that literally, a structurally sound roof is over their heads. They won’t have to worry about leaking ceilings, drafts, and mold. Replacing the roofs also signal that you care about the residents and the property.
Longevity
The average lifespan of a roof is 20 years. Older roofs are expensive to maintain, and by installing new roofs, your maintenance crew can spend their time on other projects that warrant immediate attention. With regular inspections, your new roof will protect your property for years to come.
Increased Property Value
A new roof will increase your property value. Durable roofing material such as asphalt will protect your roof in even the harshest climates and it’s available in colors that will complement your apartment buildings and the surrounding neighborhood. Enhanced curb appeal will attract residents as well as potential buyers should you ever choose to sell the property.
Safety
A new functional roof will improve residents’ safety as it will lower their risk of exposure to the elements, water leaks, and mold growth. During the roof installation, it’s important to clearly communicate to the residents what to expect and the estimated timeframe so they can expect some temporary disruptions and delays. Working with an experienced local roofing contractor will ensure the safety of residents and minimize inconvenience.
Avoid Costly Insurance Claims
An old roof in poor condition can open landlords up to costly insurance claims. One strong windstorm can wipe out an aging roof, and if any residents are injured, you could be sued. Many insurers of multi-family dwellings may require that roofs be regularly inspected and replaced after a certain number of years. Depending on your coverage, you may risk being dropped altogether by your insurance company if your apartment roofs exceed age guidelines, or … expect a hefty premium increase.
Premier Roofing Has Multi-Family Roofing Covered
If you are considering replacing the roofs of your multi-family buildings, reach out to Premier Roofing. We have locations all over the U.S., so you can find us in your area. We will recommend the best roofing materials for the job and ensure that the installation process proceeds smoothly with minimal disruption to your tenants. Unsure? Contact us to schedule a free, no-obligation roof inspection.
FREE, NO-OBLIGATION ROOF INSPECTION