How Much Value Does a New Roof Add To Your Home?
No one ever gets excited about the thought of getting a new roof installed. Most of us are mostly worried about how much it will cost.
The problem with focusing on the cost is that you fail to see all the benefits adding a new roof adds to the value of your home. Especially if you’re thinking of putting your home on the market.
If you’re still on the fence about whether or not to replace your current roof, keep reading. We’ll answer the question: how much value does a new roof add.
How Much Value Does A New Roof Add?
There are a variety of factors which will determine how much value a new roof adds. Generally speaking, a new roof adds somewhere between 15% and 40% to the value of your home.
Meaning a home worth $100,000 is worth $140,000 with the addition of a new roof.
However, there are variables which will contribute to how much a new roof will improve home value.
If your roof is infested with pests, asbestos-containing materials, damp or rot, more work will be involved. The more dramatic the upgrade, the higher in value your home increases.
The more expensive your home is, the higher your home value increases with the addition of a new roof. Potential buyers at that price are rarely looking for fixer-uppers.
But they are willing to pay more for a newly installed roof.
Increases Longevity And Performance
Of course, how long your new roof lasts depends on the quality of workmanship and what materials they used during the installation.
Make sure you hire a professional who can deliver expert installation or at least provide you with quality repairs and improvements where needed.
New Shingle Technology
There have been advancements in roofing replacements. We’re now able to provide you with more attractive and durable shingles.
Newer shingles help cool your home. And replacing your shingles means any holes where cold air is seeping through are repaired.
Newer, high-grade shingles also carry great warranties. Your home value will increase when buyers realize those new shingles come with a warranty of up to 50 years.
And some shingles come with an Energy Star rating because they reflect solar heat. You can also consider having solar shingles installed.
Solar shingles are more attractive than solar panels while providing the same amount of energy.
Helps Avoid Inspection Issues
If you’re looking to sell your home, searching for ways to improve home value is a practical step. The one thing you don’t want to happen is to receive a poor inspection and have the buyer pull out at the last minute.
Your roof is one of the more visible features. You can’t hide a bad, leaking roof.
Especially not from appraisers, inspectors, or even your real estate agent.
A new roof can automatically increase the average home value in a neighborhood.
The longer you wait to install a new roof, the more likely it is you’ll pay a higher price. That’s because if there are any problems, they’ll continue to get worse.
If you’re still wondering how much value does a new roof add, contact us. We’ll give you a free estimate and answer any questions you still have.