How Much Does a New Roof Add to the Value of Your Home?
There are several ways to increase the value of your property. A well-trimmed lawn, a modern pool, and smart-home installations can all help add to your home's value. However, when boosting your home's value and curb appeal, few investments can impact more than a high-quality roof replacement.
Not only does a new roof provide essential protection for your property, but it also elevates its aesthetic charm and enhances its overall worth.
How much does a new roof add to your home's value?
A new roof will certainly increase the value of your home, even if you’re unlikely to get a 100% return on investment. Typically, the average return rate is around 60 to 68 percent, which is significant. The exact value a new roof adds to your home will vary depending on the size of your home, the type of roofing material you choose, and the condition of your current roof.
Short vs long-term roof value
Short-term roof value
In the short term, your home will see a massive upliftment in appearance. Suddenly, the house with the old, damaged roof is gone, replaced by a new, beautiful roof that’ll catch the attention of neighbors. Also, a new roof can help you sell your home faster. Buyers are more likely to make an offer on a home with a new roof, and may be willing to pay more for it.
Long-term roof value
A new roof can also increase the value of your home in the long term. A well-maintained roof can last for 20 years or more, which means you won't have to worry about replacing it for a long time. This can save you money on roofing costs in the long run. It can help reduce energy bills, thanks to a better-controlled internal climate, and protect your home from water damage, which can be costly to repair.
How much does a new roof cost?
The cost of a new roof varies depending on the size of your home, the type of roofing material you choose, and the labor costs in your area. In general, you can expect to pay between $5,000 and $20,000 for a new roof. However, the cost may be higher if you live in an area with high labor costs or choose a more expensive roofing material.
Should you replace the roof before selling your house?
Selling a house with a damaged or old roof can be scary for homeowners. Some may think it's best to avoid the expenses and let the new owners replace the roof. However, it's usually better to replace the roof before selling the house.
A damaged roof can discourage buyers and lower the property's value. By replacing the roof before selling, you can make the house look better, attract more buyers, and sell for a higher price.
Protect and maximize your investment with a new roof
A new roof doesn't just look good; it also gives buyers peace of mind. Don't miss out on the opportunity to enhance your home's value and protect your investment. Reach out to us today to take advantage of our unparalleled roofing solutions.