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Industrial and commercial buildings come in all different shapes and sizes and some are in better condition than others. Whether you’re looking to buy a property of this nature, or you’re thinking of selling one, the current state and condition of the roof can greatly affect the market valuation of the building.
If you think about it logically, would you want to buy a building that has had the roof replaced recently? Yes, of course you would. On the other hand would you want to buy a building with an aged roof that currently leaks and you can see the light of day through it? No, of course you wouldn’t.
If everything else was exactly the same between those two buildings do you think they would attract the same price on the market? Absolutely not! If you ask any commercial agent, they will tell you that a building with a new roof will command a greater rental or resale value. One property we recently re-roofed was able to double their rental income by replacing the asbestos cement sheeting for a new insulated roof system.
To offer another example of the effects of resale value, we undertook a re-roof of a Yorkshire based property that had asbestos cement sheeting that was beyond its life and was replaced with new bright composite panels which offered the site an insulated 40 year roof system. The site was valued upon completion and the new roof added 15% to the market price of the building.
This is why it’s so important to seriously think about how a new industrial or commercial roofing system you install can help you, or hurt you financially further down the line. Would you rather purchase a building with a roof that will need to be completely removed and replaced someday, or one that can be renewed over and over again at a fraction of the original installation cost? It really is as simple as that.
To learn more about our award winning industrial and commercial roofing services and how we can be of assistance in your quest for a new roof, please contact our helpful team on 01752 695333 or fill in our online contact form here and we’ll be in touch before you know it.
Knowledge based on experience.