If you’ve been thinking about re-roofing your home, you might be on the right track financially. Sure, the initial cost of installing a roof isn’t cheap. However, the value your home stands to gain from having a brand-new roof more than makes up for the difference. If you’re considering selling your home in the future, then a brand-new roof is well worth the investment.
According to a report released by Remodeling Magazine, installing a new roof increases a home’s value by $12,000 dollars on average. Imagine what you could do with 12,000 extra dollars! The same report also reveals that adding a new roof gives homeowners a better return on investment than any other home renovation. In short, your money will be well spent.
Here are a few ways that installing a new roof is all but guaranteed to add to the value of your home.
Appearance
Your roof is one of the foremost visible features when your home is viewed from the outside. It’s one of the first things that people who are considering purchasing your home will see when they’re browsing through real estate listings. If your roof looks pristine and new, potential buyers are going to take notice.
This is one of the reasons that a new roof boosts the fiscal value of your home. Recent upgrades are something that people pay attention to. Whether you re-roof with sleek asphalt shingles or you go for something more classic like slate, the fact that the roof was redone recently is going to be a major selling point.
Smooth Inspection
Home inspections are something that anyone trying to sell their home absolutely dreads. This is when you discover there are structural or architectural issues with your home that you never knew existed, and suddenly they’re your main problem. Nothing can ruin your day like learning you must spend thousands of dollars on repairs before you can sell your home.
At least you won’t have to worry about your brand-new roof causing a problem. Not only will it draw potential buyers, but it’s one element of your home that you know you can count on. Avoid getting tripped up when trying to sell your home by re-roofing prior to your home inspection.
Renewed Warranty
You can finally get some peace of mind knowing that your new roof will be under warranty for years to come. Chances are, your home was roofed with traditional asphalt shingles. These shingles typically have a 15- to 20-year warranty. However, shingle technology has changed and currently some brands of shingles boast up to a 50-year warranty. Imagine the look on your buyer’s face when you tell them how many years your home’s brand-new roof has ahead of it. Get ready to do some paperwork!
Choosing to re-roof your home is an investment in your future, whether you’re planning on selling your home or staying in it for the long haul. On one hand, you stand to make more money when you sell, but on the other hand, you’re crossing your roof off your list of things to worry about for the long-term. No matter what your reasoning is, make sure you work with a contractor you can trust who will give it to you straight. Happy roofing!
