How Roofing Helps Your Leasing Rates?
When you own property, it is a good idea to look for ways to recoup your investment and get the most on any financial return. There are a number of ways to do this and some are much easier than others. New roofing is a great way to increase the value of a building and increase your investment value too. A new roof will go a long way even in an older building.
How Roofing Helps Your Leasing Rates
What is gross leasing? Having a gross lease is where the property owner pays for the upkeep of the building as well as an annual payment. The tenants of the property will usually only pay monthly bills and rental fees. Maintenance costs are the owner’s responsibility and this will include roofing. These are different from net leases where the tenants are responsible for some of the additional costs like maintenance. The biggest issue with gross leases is that as the owner you will constantly have to address problems and you then have to reflect this in rental rates. Gross lease rates will almost always go up after additional expense. It is essential for property owners to stay ahead of this and predict ways to not fall behind and new roofing can help you with this. Investing capital into your property is risky but when it comes to roofing, the benefits far make the risk more than worth it.
- You will get improved efficiency: If the gross lease has you responsible for utilities and energy bills, new roofing will significantly lower these each month for you.
- Better technology: roofing technology has come a long way and with a reflective coating, stronger bonding agents, improved insulation, and more reliable materials. When roofing lasts longer, you save money.
- Reduced maintenance: The better materials used today, as well as more efficient installation methods will lighten the maintenance required each year. You get a much longer life out of a new roof and better protection from weather damage.
- Happier tenants: New roofing adds a new look to a building which makes it more appealing to tenants, both current and prospective ones. With better protection from the elements too, tenants will feel safer in a building with newer roofing.
Any financial investment into a building can come with risks and we understand it can be challenging. With a new roofing system, you get more benefits than risks and in the long term, you recoup the initial investment and so much more. Call us today to discuss your roofing options and we will help you find the best roofing for your property.