Roof materials and its condition affect the value of a property today and the forecast of replacement budgets having an effect in income producing property performance. Asphalt or composite shingles are probably one of the more economical and usually last between 15 to 20 years unless you go for the architectural shingles with a three dimensional look that are more expensive but can last up to 40 years.
Clay or concrete tiles used primarly in residential applications look best in Spanish or Mediterrenean homes and can last up to 50 years.
Metal roofs are among the most expensive, especially those made of copper, but are one of the most durable choices, lasting up to 100 years. On the downside they can be noisy when it rains but they are efective for commercial applications.
New polymer products have come on the market recently for their durability, light weight and fire resistance. Also choices of green materials used more in commercial properties.
Concrete roofs are the best option, especially in areas like South Florida where there is always a risk of windstroms and hurricanes but must have excellent waterproofing,especially in flat areas and may ad in some cases too much weight to the structure, increasing the cost of building.
Common to all roof types is good maintenance taking care of a problem as soon as it is detected.
Now, a new product that can be incorporated into roofing systems, especially with asphalt shingles, are solar shingles, less expensive than solar panels, easy to install and provide a cost effective solution with energency efficiency in mind. Dow Chemical will soon release this product called the Power House Solar Shingle.
As insurance cost rises and during this economic downturn when construction prices have come down significantly, many developers and investors are looking at building with concrete roofs for the long term benefit of the property.
