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Will A New Roof Increase Home Value?

Nov 12

Do you think about getting a new roof?

Although new roofs are expensive, they can significantly contribute to your home's overall value. A new roof will not only protect your home from weather and water damage but also make it easier to attract buyers when you sell. You can consult with professional Wexford pa Roofers about which roof design, material, or color is best for your home. 

1. Curb Appeal

Don't underestimate curb appeal's power. Although there is no tangible cost to curb appeal, it's just as crucial as word-of-mouth. A new roof can make your home stand out even if you don't plan on selling it for a while.

A home with curb appeal is an excellent place to start building a reputation. It will make it easy for the area to recognize your home's need for upgrades when it comes time to list it on the market. Even novice house hunters can see the benefits of a new roof. A new roof will instantly improve curb appeal, not only when installed but also for many years. You'll make a huge investment and take the burden off of the next homeowner.

2. Attract potential buyers

Experiential home buyers know that the roof is one of the most important aspects of a house. Roofs can be expensive and quickly become the topic of heated home-buying negotiations. You can invest before you sell, and you will attract more potential buyers.

A seller must have a desirable home at a fair price to be successful with house resale. Attracting a lot of buyers will make your offers more competitive. It is what you, as a seller, want.

3. Take a Breeze through an Inspection

An inspection can end a home sale. Buyers can opt to back out if something happens. The biggest problem in home-buying is roofs. Old roofs are often a problem for buyers who shun them and don't want to look at them. Potential buyers may run away from a roof inspection that can reveal problems.

Roofs are an expensive investment. However, roofs that aren't maintained properly can cause serious problems during a home inspection. A deteriorating roof system can cause foundational issues, structural problems, water damage, mold, and mildew, leading to strict inspections. An old roof shouldn't ruin what could have been a smooth inspection.

4. Adds New Technologies

A new roof can add new technology to your home, which will, in turn, increase your home's worth. New roofs will increase the energy efficiency of your home. However, a roof made with Energy Star-rated shingles will provide a significant boost. Energy Star asphalt shingles reflect heat from the sun, reducing cooling costs.

You can use energy-efficient shingles to build your roof, but you also have the option to install the solar panel. When you add solar panels to your top, you can save money on roof replacement costs. Because buyers realize that solar panels will save them even more energy, solar panels are often considered an upgrade in real estate.

5. Longer Warranty

Who doesn't love a more extended warranty on any investment--especially when it's as big of an investment as a roof? Standard roofs with asphalt shingles typically last between 15 and 20 years. The warranty on an older top can be halfway through. It is not very appealing for homeowners looking to sell their houses.

Newer roofs that use the most recent technologies, such as premium asphalt shingles, can have more extended warranties, up to 50 years. These longer warranties can be extended for asphalt shingles with higher quality, which benefits you, the homeowner, and is an attractive feature for potential buyers.

6. Worthwhile Return on Investment

Although a new roof is an expensive investment, it's worthwhile. You can get as much as a 68% return on your investment if you resell it. It can be hard to determine the return of investment (ROI) due to many factors such as location, market trends and market conditions. However, it is possible to achieve a 70% ROI.