How a New Roof Can Increase Your Property Value
Replacing the roof on your house can be expensive, but it is a good investment that increases property value over time. Replacing your roof can not only be an aesthetically pleasing experience but, in a financial sense, it is worth investing the extra money. Many people are unaware that installing a new roof will increase their property’s value and help them get more money out of their home if they ever decide to put it on the market. Below we will go over some of the ways installing a new roof can increase your home’s value. However, we will only go over some of the most commonly known reasons, if you want to learn more you can read more here.
1. Gives Your Home Curb Appeal
Your home’s curb appeal has a huge impact on its value, nobody wants to buy a house that looks like it needs a lot of work before you even walk inside. Many people aren't aware of this, but your house’s roof is responsible for about 40% of your home’s curb appeal. Having a damaged roof can mean the difference between making a deal and a deal falling through when selling your house, you can avoid these problems by installing a new roof before putting your house on the market. It will help your house sell faster—and it will also help put more money in your pockets by getting the most money possible out of your home.
2. Reduces the Chance of Having Issues During Inspection
When your house is put up on the market, you should know that your house will be inspected one way or another. Once you decide to put your home on the market, you are opening your doors to the world to come checkout your house. People that might be doing an inspection include buyers, real estate agents, real estate appraisers, or a home inspector. Many people will overlook details like the roof when remodeling without realizing that it is a huge chunk of your home’s value. Having an ugly or inadequate roof can scare away a serious buyer—not only that, but it is also possible for you to lose money because of a faulty roof. This is one of the main reasons why it is best to replace your roof before trying to sell your house, especially if your roof is faulty.
3. Gives Your Home Many Years of Protection
Another reason your roof can increase your home’s value is because when you get a new roof you are giving your home an added layer of protection for at least the next 20 years. If a buyer knows that you have recently installed the roof, it will give them peace of mind knowing they won't have to deal with any roofing problems in the near future. This is a huge plus because replacing the roof of a home can be a large and expensive task and that is the last thing a future home owner wants to think about when buying a home.
4. Will Give Your House Years of Warranty
Another reason buyer will pay more for a home with a brand-new roof without thinking twice is because many people are aware that new roofs come with a warranty when installed by a reputable contractor. What this means is the new homeowners will not have to spend any kind of money on the roof for many years to come. This is because most roofing experts will give you a warranty on your roof meaning if anything happens or if the roof becomes damaged, they will fix it without having to charge you more money than what you have already invested.
5. Good Investment with a Good Return
The problem with investing money in a home nowadays is that some investments don’t hold up their value. Many investments that you make into your home will lose most of its value and only be worth a fraction of the price in just a short amount of time. Roofing, however, seems to hold up most of its value throughout the years. It is known that installing a new roof will increase your property’s value by up to $12,000. Once you install the roof and decide to put your house in the market, your roof will hold up most of its value by giving you at least a 68% return of your original investment.
Conclusion
There are many reasons people decide to replace their roof whether it be because it is damaged or because they want to give their home that new home look. Regardless of the reason, installing a new roof on your home can increase your home’s value and put more money in your pockets once you decide to put your home on the market. When finding a roofer to help when replacing your roof, always make sure they are insured and have references. Hiring a roofer that isn't insured or that doesn’t have any work references will not only be a headache for you but it can also end up costing you a lot more additional time and money.
