Does a new roof increase a home’s value?
Your home’s value impacts two specific factors – how your home is assessed for real estate taxes and your listing price for when you want to sell your home. Assuming you are considering listing, a new roof is a great way to increase your home’s value, ensuring you get top dollar for your home, especially in a seller’s market.
If you are looking for ways to increase the value of your home, take a good look at its appearance – especially the roof. An old, worn, and deteriorating roof can be a major turn-off to potential buyers. Replacing your roof before listing it with a realtor may seem like an unwanted expense, but by enhancing your home’s curb appeal, you’ll not only attract more interest but will be able to command a higher asking price. By being proactive, you’ll avoid the possibility of failing a home inspection or having to meet the demands of a buyer to replace the roof as a condition of sale. Consider the following ways that a roof replacement can increase the value of your home.
Curb Appeal
An attractive roof that complements the colors of your home and surrounding landscaping will attract the attention of potential buyers. An added perk is that the new owners can feel secure knowing that they won’t have to worry about the roof for many years.
Structural Integrity
An older roof in disrepair can lead to leaks, mold, and mildew. Persistent leaks can erode away at drywall and wood. These issues become larger the longer they are ignored. A new roof eliminates those risks by shoring up the structural integrity of your home, and potential homeowners will be more inclined to schedule a showing, knowing that a new roof checks a box on their checklist of “must-haves.”
Energy Efficiency
A new roof can improve the energy efficiency of the home, especially a properly installed roof. Advances in roofing materials, including insulation, mean that it will be much easier to maintain comfort levels in your home, which will reduce your heating and cooling bills.
Lower Insurance Premiums
Did you know that installing a new roof could lower your home insurance premiums? On average, homeowners will realize a 20% reduction. How much you can save will be determined by your state underwriting guidelines, the size of your house, the type of roofing materials used, and other criteria.
Market Competitiveness
Replacing your roof before putting your house on the market may not initially seem appealing, but in a competitive market, a new roof can bump your home up on the list for potential buyers. While you might not see a dollar-to-dollar ROI, your home will yield a higher appraisal value, the roof will pass a home inspection, and you may be able to command a higher market price.
Peace of Mind
If you are planning to stay in your home and are looking for peace of mind, a new roof gives you security in knowing that your family is safe.
Schedule a Roof Replacement With Premier
If you are planning on selling your house, but the condition of the roof is standing in your way, contact your local Premier Roofing branch – we have locations throughout the United States. You can trust us to give you a fast, fair, and free estimate, and conduct quality work using the best materials. Request your free, no-obligation estimate and take the first steps toward improving the market value of your home!
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“Someone we trust”
Premier Roofing was awesome to work with! They did everything they said they would from the beginning. Communication was excellent and my roof looks great! Very pleased with how everything turned out. Definitely recommend Premier to everyone!
– Juanita H
