If you own a commercial building, it can be a major undertaking to replace the roof. However, in some cases, it may be necessary. For example, if the roof has been damaged due to a hurricane, the damage may be extensive enough to warrant a complete replacement rather than just repairs. As the building owner, there are other benefits you can get from replacing the roof on your commercial building.
Getting a roof replaced is the perfect opportunity to check for any roof safety issues and ensure they’re corrected. Even if there weren’t outstanding safety concerns with your commercial roof, the roofing industry as a whole has made strides in improving roof safety over the years, just as roofing materials have also improved. A new roof that is properly installed can take advantage of new knowledge and technology to ensure safety is improved for everyone who works in your commercial building.
It’s a good idea to have your commercial building’s roof inspected before replacing the roof. That way, you’ll know ahead of time if there are any safety concerns that you’ll need to have corrected while the roof is being replaced.
Roofs can last for a while, depending upon the material used. This means that in the time between the last roof installation and now roofing materials have likely been improved a lot. Because of that, newer materials may last longer than older materials. On top of that, a newly installed roof would have more time left in its expected lifespan than an older roof. A new roof hasn’t undergone the same amount of wear and tear and thus may also be more resistant to storm damage.
Improved storm resistance
Florida and other states regularly experience hurricanes. This means that any building in the area needs to be able to withstand high-speed winds and strong rain. A new roof not only may be more durable due to having new materials but may also be more durable because it hasn’t undergone the same wear and tear as your old commercial roof. With a new roof replacement, the new gaskets and flashing joists can better create a water-tight seal against any water intrusion into your commercial building.
Decreased energy costs
Improvements to roofing installation techniques and roofing materials mean that newer roofs tend to be more energy-efficient than older roofs. If you replace the roof on your commercial building, you’ll benefit from the cost savings associated with energy efficiency. When a building, commercial or residential, is more energy-efficient, the HVAC unit doesn’t have to work as hard to heat or cool the building. This means that the cost of heating or cooling the building will be lowered.
Another monetary benefit to getting a new roof is that you can claim the depreciation of the old roof on your taxes. Because of the Tax Cuts and Jobs Act of 2017, you can immediately expense out roof depreciation on your taxes instead of having to wait 39 years, which in some cases can be longer than the actual lifespan of the roof. Expense limits on a roof replacement were also increased. It’s a good idea to have a specialized tax attorney or financial advisor to learn exactly what tax savings your new roof may qualify for.
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