On the one hand, improving your home can make it more desirable to buyers, helping you sell faster at a higher price. On the other hand, you want to choose those improvements wisely. Some offer a bigger return on investment than others.
If you’re trying to decide if a home roof replacement is the way to go, this guide is for you. Here’s what you should know about a new roof and your home’s value.
What a New Roof Does for Home Value
First, let’s answer the question in short.
Will a new roof increase the value of your home? Absolutely.
In fact, a new roof offers more ROI than many other possible upgrades, such as a bathroom addition or kitchen remodel.
However, there’s more to new roof installation than just selling your home for more. Let’s take a complete look at the benefits of a new roof for anyone who wants to sell a home now.
The Benefits of a New Roof
A new roof won’t just command a higher price—it can also entice buyers for all of these reasons.
Add Curb Appeal
When you add a new roof to your home, you make it look nicer. You can upgrade the roof with the latest colors and materials. Even though people may not consciously look at the roof when they look at a home, it makes a big difference in its overall appearance.
Save Future Money for Buyers
Most buyers would rather pay a little more upfront than budget for large future costs. A new roof helps them save that future money.
The prospect of putting a new roof on a home you bought recently is daunting. Buyers will often opt for the pricier home with a new roof over the cheaper home with an old one.
And if your new roof has a warranty, you might even be able to transfer the warranty to the buyers, adding another reason for them to buy.
Boost Energy Efficiency
Buyers also like to purchase energy-efficient homes for similar reasons. They might pay a little more now for an efficient home, but their future savings will make up for it.
When you add a new roof, you can also upgrade your home’s efficiency. A better roof can help a home stay cool in summer and warm in winter, reducing energy costs. This gives your home more appeal and greater appraisal value.
Is Your Home Ready for a New Roof?
Over the new few years, the housing market could get more competitive for sellers. A new roof is a great way to ensure that your home will get snapped up fast.
An expert roofing company will remove the old roof, inspect the roof deck, and install the new roof to upgrade your home with the best available materials. Ready to get started? Check out our roof installation services here!