Does a New Roof Add Any Value to a Home?

As most homeowners already know, the amount of money a homeowner invests in their home directly impacts the value of the home and property. This can be especially beneficial should a homeowner decide to sell their home at a later date.

For this reason, if you are looking to up the value of your home, consider whether or not you can benefit from new roofing. Investing in a new roof can significantly add value to a person’s home right away.

Understanding Value Estimates

The amount of value that can be added to your home by investing in a new roof will be based on various factors. Generally, a new roof can add up to 40 percent to the value of your house. For example, if your home is worth $100,000, a new roof can increase the value of your home to $140,000. Similarly, the more your house is worth, the more value you can gain when you replace the roofing.

Common Factors That Play Into Value

Various factors can affect how much a new roof increases a house’s value. To begin, the condition of the old roof may require you to dramatically upgrade various components of the roof in order to increase the value of your home. Of course, homes that are considered to be in higher price ranges will gain much more value because other homebuyers may be more willing to pay for a home that will not require new roofing. Additionally, the style of the new roofing will play a significant role in the price. Roofing with enhanced architectural design may be more costly and add more value to a home than a traditional roof might.

A New Roof Can Improve Efficiency
In addition to improving the aesthetics of your home, a new roof can also improve your home’s energy efficiency. New roofing that is made with top-tier insulation made from premier materials can prevent hot air from escaping as it rises towards the attic, lessening the need for heating. This can help you save money on gas or electricity.

In addition, investing in a new roof for your home can attract buyers quicker, which can reduce your cost of maintaining and marketing the property. Your home will undoubtedly gain value once all leaks and damages are repaired.