How a New Roof Can Increase Your Home’s Value

The improvements you make to your home, whether to enjoy them yourself or because you’re about to put your house on the market, are always a worthwhile investment. A new roof will raise the value of your property because every aspect of the house, including the condition of the roof, affects pricing. Although the value of your home will not necessarily go up by the exact amount you paid for your new roof, there’ll still be an improvement.

Knowing exactly how a roof boosts your home’s value may influence the decisions you make regarding your upcoming roof replacement. So, be informed when making critical roof replacement decisions.

How a New Roof Raises the Value of Your Home

1. It enhances the home’s curb appeal

Curb appeal refers to how attractive your home and its surroundings appear to someone passing by. The more impressive, the more buyers are willing to pay. A new roof, done by an expert roofer, can improve the overall appearance of your home. New roofing materials come in a variety of colors and finishes, and can be an important design feature. Quite simply, a buyer is not going to be impressed by an old roof. Roofs with damaged, broken, or missing shingles, broken gutters, rotting fascia boards, mold and mildew, and debris aren’t just unappealing, they’re a liability. Therefore, ensure that your roof is in the best condition possible.

2. It raises the home appraisal value

A house on the market must be appraised. The appraiser assesses the value of your house by examining its features, functionalities, and overall condition. The roof, in particular, is thoroughly assessed, and if in good condition, your home gets a higher appraisal value. In addition to the appraisal, a new roof is an excellent selling point. It’s easier to convince a buyer to agree to a higher price when the roof has a long expected lifespan, and some of the most common problems with a roof can be avoided. Therefore, if you’re looking to place your home on the market soon, schedule a roof replacement.

3. It offers durability and safety

Buying a home with a new roof is a great relief for buyers. They appreciate that after purchasing the home, they won’t have to dig back into their pockets to pay for roof repairs or replacements. Buyers with limited finances often use savings to hire a realtor and make the down payment. The cost of moving and other items needed to settle into the new home can quickly drain remaining funds. Any additional costs can be frustrating.

A new roof is less likely to have issues, and if they come up, there’s usually an extended warranty to cover the costs of repairs. In contrast, old roof warranties have likely expired, and any roof restoration services must be paid for out of pocket. To a buyer, a new roof is a safer option. Therefore, when selling your house, use your new roof as a bargaining chip. Buyers will likely buy a home that does not come with additional ‘baggage.’

4. Your home is likely to sell faster

You’ve seen houses stay on the market for a long time. Many of them are usually overpriced, poorly presented, or lack the ‘wow’ factor. To add some zest to your offer, install a new roof and state it clearly on the ad, and add photos to prove it. Your home will likely sell quickly and fetch more money than homes with older roofs.

5. It saves on energy

Everyone is becoming increasingly aware of the need to conserve resources. With the rising cost of living, people are seeking ways to cut their spending, and one way to do it is by reducing energy consumption with an energy-efficient roof. “Cool roofs” lower energy costs by reflecting the heat off the roof and keeping the interior of the house cool. This reduces the need for running the A/C as much. Examples of energy-efficient roofing materials are synthetic shingles, metal, and tile. Green roofs and roof gardens on flat roofs are also efficient at warding off excess heat. If you decide on any of these options, you’ll increase the value of your home and have more luck attracting buyers, particularly those who are eco-conscious.

A New Roof Is a Home Value Booster

Installing a new roof on your home will increase its value and enable it to fetch a higher price in the market. Buyers are inclined to opt for homes with curb appeal, and durable, energy-efficient roofs that are not prone to roofing issues. So, don’t be apprehensive about spending money on a new roof — it will pay off in the end.