Can a New Roof Really Impact a Home’s Value?
You hear about adding a new roof to boost your home value all the time, but is it really true? Why is adding a roof such a valuable move?
The short answer is: yes! Adding a roof is a great way to optimize the value of your home.
In this article, we’ll be breaking down why adding a new roof is a great move for those looking to sell their homes soon. Read on to find out more!
How Much Will Adding a New Roof Affect Your Value?
So how much is a new roof worth anyway?
There’s obviously no one-size-fits-all answer to this question. What you’ll get out of a new roof will come down to things like the condition of your old roof, the age of your house, and the look of your new roof.
When you sell a home with a new roof, however, you can expect to recoup about 60% to 75% of the costs of installation. Along with the other profits, you’re surely going to earn back what you paid to get the new roof installed.
New roof installation is a great marketing tool as well. Buyers are much more likely to invest in a home that has a newly installed roof than one that hasn’t been touched in ages.
This can both speed up your sales process and boost the final selling price of your home.
How Does It Add Value?
Most homeowners don’t understand why a new roof adds value at all. This comes down to things like aesthetics, energy efficiency, or convenience depending on your buyers’ preferences.
Aesthetics
When it comes down to it, a new roof looks attractive to prospective buyers. They might really enjoy the look of your roof and could make a decision based on that.
Your home might be the only house that has a new roof. There’s nothing less attractive than a worn-down roof.
Energy Efficient
More and more homeowners are looking to save on their energy bills, and energy-efficient roofs are the perfect strategy. If you install roofs that improve your home’s insulation, your resale value will increase dramatically.
It’s just one more thing that new homeowners won’t have to worry about new roof costs themselves.
Convenience
As with practically any home improvement project, taking one on means your buyers won’t have to worry about it. In other words, they can relax and enjoy the benefits of your new roof once they make a purchase.
They don’t have to contact a roofing company to install a new energy-efficient roof, nor will they have to shop around for new roofing materials. You’ve done that for them, so they’re willing to pay a higher price for it.
The more convenient you make it for your buyers, the more you’ll profit in the long run.
Leverage a New Roof for Better Resale Values Today
Installing a new roof is a big undertaking, but a worthwhile one for those looking to sell their homes soon. Use this guide to help you understand why this is such a profitable move.
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