Whats New in Residential Roofing Styles
Knowing your options for residential roofing materials before repairs are needed also allows you to decide on the best choice for your home and then plan and budget for that new residential roof Check out whatrsquo;s new in residential roofing >
Slate roofing is valued for its durability and >
Slate roofs are also very attractive, with a natural look that enhances a homersquo;s overall curb appeal. Donrsquo;t believe the myth that slate roofs are noisy as a roofrsquo;s underlayment and other materials absorb sound and keep a slate roof quiet, even in inclement weather.
Flat Roofing Materials
Flat roofing materials are very durable and easy to maintain and offer a unique look for homes. The PVC or TPO materials used to create flat roofs are watertight and very dense so that the roof isnrsquo;t likely to leak or blow away in a storm
A cool or white roof is a reflective coating added over roofing materials. The lighter color of a white roof helps to reflect sunlight and keep a home cooler in summertime.
Not only does cool roof lower your air conditioning bills significantly but it can also reduce wear and tear on the roofing materials underneath it. Overexposure to harsh sunlight and heat often cause asphalt shingles and other roofing tiles to become brittle and crumbly, leading to premature cracking, splitting, and otherwise unnecessary repairs, whereas a cool roof helps avoid that damage.
Metal roofs are not new, as metal has been a favorite roofing material for centuries; however, metal is quickly becoming a popular option for homeowners versus standard asphalt shingles. A metal roof is far more durable than asphalt and can last for decades, even outlasting the home itself
The experts and local roofing contractors in Boston note that many homeowners mistakenly assume that a metal roof is heavy and might damage a home, but this is not the case. Metal roofing tiles are lighter than shingles and an excellent option for older homes and structures that have weakened with age.
Synthetic Roofing Materials
Synthetic roofing materials, including plastic, rubber, and other polymers, are increasingly popular with homeowners today due to their low cost, lighter weight, and durability. Synthetic roofing materials are shaped and formed to resemble other materials including wood and slate, and are often highly fire-resistant.
If considering synthetic roofing materials, note the reputation of the manufacturer and any warranty offered. Ensure that your roofing contractor has experience installing synthetic materials, and itrsquo;s even helpful to see a sample of these materials side-by-side with asphalt or slate shingles, to compare their >
Todayrsquo;s innovations in solar technology have allowed roofing materials manufacturers to incorporate solar wiring into shingles themselves. Opting for solar shingles allows a homeowner to enjoy solar power in the home without the bulky appearance of full solar panels
Solar shingles can be somewhat costly and itrsquo;s good for homeowners to note the pitch and angle of their homersquo;s roof and how much sunlight the shingles might realistically absorb throughout the day. Remember, too, to check for rebates, tax credits, and other incentives that help to offset the cost of solar shingles when deciding on a new roofing material for your home.
Concrete Roof Tiles
Concrete might not sound like an attractive material for a homersquo;s roof, but concrete is a very versatile substance that can be shaped and formed and then painted, stained, and buffed so that it resembles many other architectural materials. Concrete roof tiles often look just like their more expensive slate counterparts or they might resemble wood roof tiles, while being far less expensive than slate and much more fire-resistant than wood
The downside of concrete roof tiles is that they are often heavy and cumbersome to install. Not every home is a good candidate for concrete roof tiles and their installation might require a specialty contractor, so keep those considerations in mind when shopping for a new residential roof.
A green roof combines soil, compost, and living plants to create an actual ecosystem on a homersquo;s roof Live plants on a homersquo;s roof adds a protective layer of insulation between the house and outside elements, keeping a home cooler in summertime and warmer in winter.
A green roof also improves surrounding air quality since plants clean the air around them naturally. Some homeowners even grow edible vegetation on their homersquo;s roof, reducing their grocery bills as well as their utility costs. While green roofs have many advantages, they are best suited for sloped roofs, to allow proper water runoff and to prevent water pooling on the homersquo;s roof.
No matter the residential roofing material you choose, todayrsquo;s homeowners have more options for color than ever before. Roofs in a red tone offer a rustic charm while a dijon yellow roof can add a splash of subtle color above a white home. Roofs in a slight blue tone are an excellent option for homes painted blue, as the color is often difficult to match and complement.
When choosing a new residential roofing material, consider adding a bit of personality to the house exterior with a splash of color. You will then have a roof that is not only durable and strong but which also enhances your homersquo;s appearance and reflects your own personal >
nbsp;Sean King is a leader in the industry and offers full roof replacements using the best materials. His New England based company, Risk Free Roofing Boston has changed the industry by never asking for deposits, installing roofs in a day and giving quotes in 5 minutes or less. He also warranties his roofs for the entire lifetime of the home.
> Full Story
New Program Allows Short-Term Rental Income to Be Used for Refinances
The new program, from Quicken Loans, uses ldquo;rental income earned through VRBO to be used to qualify for a mortgage refinance,rdquo; the lender said in a news >
Typically, investment property income can help a borrowerrsquo;s debt-to-income ratio, but being able to show income from short-term rentals is a sign of the times. "Vrbo helps homeowners use one of their biggest assets as a source of income.nbsp;Now Quicken Loans can accurately review that income and consider it when calculating the debt-to-income ratio ndash; a major data point considers when qualifying for a mortgage," Jay Farner, CEO of Quicken Loans, said in a >
This evolution makes sense when you consider how closely tied the income generated by these short-term rentals is to ongoing living expenses. ldquo;Rental income and mortgage payments are often intertwined,rdquo; said Inman News. ldquo;A June 2018 market report from Vrbo found that more than 50 percent of short-term rental owners utilizing the platform use income generated from their property to cover at least 75 percent of their mortgage payment.rdquo;
The rental income can come from a primary residence or a second home, and primary residences, vacation homes, and investment properties can all be refinanced under the program.
The Vrbo partnership with Quicken comes on the heels of competitor Airbnbrsquo;s announcement last year that itrsquo;s working with both Quicken and Fannie Mae to ldquo;allow anyone who has rented out property on Airbnb for a year or longer to count some or all of that money as incomerdquo; when applying for a refinance, said MarketWatch.
> Full Story
An Insiders Look at the Reality of Home Staging
But just how do those two contingents break down? The National Association of Realtors NAR 2019 Profile of Home Staging provides some insight. The study separated the study into three categories: Buyersrsquo; Agent Perspective, Sellersrsquo; Agent Perspective, and Buyer Expectations. Wersquo;re taking a closer look at the key points.
Home Staging: Buyersrsquo; Agent Perspective
According to the study, ldquo;40 percent of buyersrsquo; agents cited that home staging had an effect on most buyersrsquo; view of the homerdquo; and ldquo;83 percent of buyersrsquo; agents said staging a home made it easier for a buyer to visualize the property as a future home.rdquo; Buyers agents also noted that, ldquo;Staging the living room was found to be most important for buyers 47 percent, followed by staging the master bedroom 42 percent, and staging the kitchen 35 percent.rdquo;
Home Staging: Sellersrsquo; Agent Perspective
Per the study, ldquo;28 percent of sellersrsquo; agents said they staged all sellersrsquo; homes prior to listing them for sale,rdquo; and ldquo;13 percent noted that they only staged homes that are difficult to sell.rdquo; The living room 93 percent, kitchen 84 percent, master bedroom 78 percent, and the dining room 72 percent were the most commonly staged rooms.
Sellersrsquo; agents offered to do the staging 26 percent of the time, and, ldquo;The median dollar value spent on home staging was 400.rdquo;
Call it the HGTV effect: ldquo;A median of 10 percent of respondents cited that buyers felt homes should look the way they were staged on TV shows,rdquo; while ldquo;38 percent of respondents said that TV shows which displayed the buying process impacted their business.rdquo;
The real effect of staging
Now that we have the buyerrsquo;s agent, sellerrsquo;s agent, and buyerrsquo;s perspective, letrsquo;s look at some real data about staged homes. According to the NAR study, 22 percent of sellersrsquo; agents ldquo;reported an increase of one percent to five percent of the dollar value offered by buyers, in comparison to similar homes,rdquo; and ldquo;17 percent of respondents stated that staging a home increased the dollar value of the home between six and 10 percent. 28 percent of sellersrsquo; agents stated that there were slight decreases in the time on the market when the home is staged, while 25 percent reported that staging a home greatly decreased the amount of time the home was on the market.rdquo;
Of course, time on market and sales prices can range depending on a number of factors, like age of home, location, square footage, and price point. The Real Estate Staging Association has found, overall, that staged homes sell ldquo;73 faster, on average, than their non-staged counterparts,rdquo; said The Mortgage Reports.
> Full Story