How Much Value Does A New Roof Add?
If you are like many homeowners you have asked yourself ” how much value does a new roof add?”. In this article we will answer just that. The exterior of your home is not just the first thing that your buyer is going to have in mind when they are inspecting your home. Your roof is a big part of making a good first impression and capturing curb appeal. Showing up to a listing that has a few cracked shingles or a roof that is in poor condition will often lead to a prospective buyer likely walking away. You will want to take care of your roof before you put your home up for sale.
Keeping your roof in a state of disrepair could result in some of these effects:
Less Offers On Your Home
You could see fewer offers for your home as there are likely many property buyers that will not want to have you put in an offer on a home that is going to require work.
A Longer Period Of Time To Sell A Home
With fewer offers, you could see your home up on the market for a longer period of time. You might also have greater negotiation on the sale price of your home or a request that you make applicable roofing repairs before the home is sold.
When there is a chance your roof may need repair, it is more likely you will see a reduction in offers and a greater chance that you’ll receive a lower offer on your home.
Because of some of these factors, a roof repair can help to improve the speed your home sells and potentially add value to your asking price. The amount of value that is added to your home will come down to the type of roofing materials that are installed.
Options For Replacement
Shingles give you the ability for a partial fix or a reroofing effort on your property. If there are a few shingles that have fallen under disrepair, it could be possible to fix up these areas first. A partial reroofing or repair is a great way to fix up the slope of your roof or the shingles that have been damaged.
New roof replacements may be required and if you notice that there are roofing materials that are extremely worn, then it may be a good idea to consider a complete reroofing job. A new roof can help you if you have a roof that has fallen into disrepair due to age, climate, and more. A tear-off solution for a roof is the best course of action. Many roofers may try to suggest the option of roofing over older materials, but it is a much better idea to completely remove older roofing materials and then properly reroof the area. Without proper reroofing, you could have the older materials cause rot and wear underneath the newer roofing materials. It is always advantageous to consider the option of complete tear-off reroofing over the chance to roof over older materials.
The Value You Can See From A New Roof
A new roof can increase the value of your home by anywhere from 10,000 to 30,000. The average cost for a full reroofing and teardown with new shingles can be just over $15k with the average resale value of a home with a new roof often gathering over $20k more.
Longstanding materials like metal can be low maintenance and durable but they come with an expense. These roofing materials are a way that you can increase the average resale value of your home by $23k but you will be paying nearly double the cost to install this style of the roof at a national average of $38k. If you are going to be selling your home, make sure that you are taking a look at the roof and performing replacements if they are necessary.
If you are interseted in investing in a new roof contact us today for a quote.