How Does Roof Quality Affect Your Business’s Bottom Line?
Business owners constantly look for ways to minimize costs and maximize profits. And while there is a multitude of ways to achieve this goal, one often-overlooked method is through the quality of the roof.
Your commercial roof is an investment, and your roof’s condition can significantly impact your business’s bottom line. Discover how.
Reduce Energy Costs
In the United States, commercial buildings consume 35% of the electricity generated annually, according to the U.S. Department of Energy. But unfortunately, a large portion of this energy goes to waste.
One of the most effective ways to reduce energy consumption and lower utility bills is to upgrade to a more energy-efficient roof. Such roofs boost insulation, so your building will require less energy to maintain comfortable temperatures throughout the year.
This benefit helps to lower heating and cooling costs. And the best part is that you may qualify for tax breaks and other financial incentives when you switch to an energy-efficient roof.
While many factors affect employee productivity, the indoor environment is one of the most important. The condition of your roof dictates the temperature in your building. And these factors play a significant role in employee productivity.
For instance, a deteriorating roof cannot reflect the sun, resulting in higher indoor temperatures during the warm seasons. In the same way, ventilation problems caused by a damaged roof can result in stuffy, humid conditions, which also harm employee productivity.
On the other hand, a quality roof helps to regulate indoor temperature, providing a comfortable environment for employees year-round. This benefit results in increased employee productivity and morale.
First impression matters. And when potential customers drive by your building, the condition of your roof is one of the first things they’ll notice.
A poorly-maintained roof conveys a message of neglect and can deter customers from doing business with you. On the other hand, a quality roof sends a message of professionalism and care, which can attract new customers and business opportunities.
Save on Insurance Costs
Your insurer will consider the possibility of future roof repairs when determining your commercial insurance rates. For example, suppose your roof is old and damaged. In that case, you are at a high risk of water damage that may necessitate that you file a claim. As a result, you can expect to pay higher insurance premiums.
Conversely, if you have a quality roof that’s in good condition, your insurer will view you as a low-risk customer and offer more competitive rates. When you save on insurance costs, your business bottom line improves.
Boost Your Property Value
This benefit primarily applies to real estate investors and business owners who plan to sell their property in the future. The condition of your roof is critical in determining your property value. If you have a quality roof, you can expect to command a higher sales price when you eventually sell your building.
If your roof is damaged or deteriorating, you will likely have to make repairs before putting your property on the market. Otherwise, potential buyers may turn down your asking price or request a significant discount.
When you replace your roof sooner, you save yourself from expensive repairs down the road and boost your property value. This benefit leads to a higher ROI, equivalent to more profits for your business.
A quality roof is not just an aesthetic upgrade for your commercial property but a smart investment for any business owner who wishes to improve their profitability.
You can trust us at Jerry Newman Roofing & Remodeling Inc for quality roof installation and repair services that help improve your business’s bottom line. We have extensive experience in the roofing industry, and our team of certified professionals is dedicated to providing quality workmanship at a fair price. Contact us today for a consultation.