Does a New Roof Increase Your Home’s Market Value?

The answer is YES!

If you are thinking about investing in a new roof, you can expect a reasonable return on your investment when it comes time to sell. Plus, there are advantages while you are still living in your home, including potential reductions in energy costs and a reduction in costs if you are paying continual repair bills. That’s not to mention the great curb appeal that a new roof can create!

Here are some things to consider about the advantages of a new roof.

WHAT IMACT WILL A NEW ROOF MAKE ON THE BOTTOM LINE?

While your return on investment with a new roof will not be a 100% return, you can expect about 60% according to experts. According to the 2023 Cost vs Value Report, replacing your roof with an asphalt shingle option will get a 61.1% return on your investment. Of course, if you use a alternate roofing material or decide to upgrade your roof, the return will vary.

If you plan to live in your home for after your roofing project, there are several addional advantages beyond curb-appeal that could impact your bank account.

One of the big changes you may notice is a decrease in energy costs. If you are upgrading from an older roof, chances are that the new materials will be more energy efficient, including both the surface products and the ventilation choices. That means your heating and cooling systems will not need to work as hard to keep your home comfortable throughout the seasons.

Another benefit of a new roof is avoiding costly repairs that can be a continuous problem with older roofs. In the long-run you may actually pay less in roofing costs by simply biting the bullet and replacing a failing roof. It also ensures that the interior of your home is safe from damaging water leaks that can be costly both in your roofing substructure, your walls, floors and furnishings.

If you are considering the replacement of your roof and are wondering about the investment costs or the expected lifespan of your current roof, call a qualified and experienced roofing contractor to help you make those important decisions.

Curb appeal is the attractive sight line that people see when they drive by … a new roof has is a huge factor in the visual appeal of your home.

A new roof in an appealing color and style will refresh your home while you are living there and will add interest (and value) when you decide to sell.