A new roof may increase the value of a home, but you may not get a 100% return on investment; very few improvements, if any, offer a full return on money spent. But even if you don't get a huge financial return, a new ceiling can increase your chances of getting the full sale price, reduce time to market, and facilitate negotiations. The combined return on investment (ROI) estimates put the ROI of a quality roofing system at approximately 70%. This means that you'll recover about 70% of every dollar spent on this particular home improvement when you sell your home.
Since a new roof is likely to have a lifespan of 20 or more years, it pays to invest in quality materials and an expert professional installation right from the start. Spending wisely once to ensure the best materials and the most appropriate installation means that there will be no additional and unforeseen expenses in the future. If you're planning to sell your house in the near future, this immediately adds more reasons to replace your roof. Resale value is often the most measurable form of added value your new roof can provide.
In many cases, a new roof acts as a great sales pitch. In fact, according to a Homeadvisor study, 32% of real estate agents reported that a new roof was a key factor in closing a deal. Other figures suggest that homes with new roofing systems sell twice as fast as those without new roofs. They will then ensure that the roof cover is in proper condition to continue with the project and repair anything if necessary.
Unlike roofing work done 50 years ago or more, the roofing industry is now much better equipped with options for different materials, styles, shapes, and even gutter designs. Most homeowners insurance policies don't pay for the repair of a roof that gradually deteriorates due to wear and tear. That said, if you have a roof that needs repair or replacement and you want to sell your house, you have other options. While you may need to perform some roof maintenance in the event of a hailstorm or the fall of a tree, a complete roof replacement can add significant value to your home.
Comparing the potential increase in value of a new roof to the total cost of the project can help you predict and measure the success of your roofing investments. If you decide to sell to an iBuyer, you won't have to worry about the expense or stress of repairing your roof. We will remove the old roof (if necessary), install the new roofing system expertly, completely clean up all the mess and dirt, and perform a final inspection during the work completion process. Add in the additional curb appeal you get with a new roof, and now you can see why replacing the roof should be a higher priority on the list of projects for your home.
However, it's also an important insulator, and if you use some of the newer, high-tech roofing materials, summer heat is reflected on the roof instead of absorbing it, which is a big relief in terms of costs (utility bills) and comfort. If that's the case, you may decide it's worth spending on replacing or repairing your roof before you advertise it. Similarly, “great roofing options from manufacturers such as Englert, Certainteed Solaris, Firestone, Decra and Classic Metal Roofing Systems can increase heat deflection and save you even more money on energy costs. While the roof works in an obviously functional way, a new roof looks great, even if it's just new asphalt shingles.
Since you need to replace your roof every 20 years or so, the technology has most likely improved considerably since the last time a new roof was installed. .
