Most homeowners often underestimate the value of a new roof brings to their home. A roof itself is already an asset as it is responsible for providing shelter from natural hazards and accounts for the aesthetic appeal of your home.
People tend to think that a new roof is too big of an investment to make when another person is living in it in the future. However, there are still benefits that come with it that make it worthwhile.
While a new roof may not completely return on your investment, it adds enough to be considered if you plan to put your house on the market. Remodeling Magazine’s 2019 Cost vs. Value Report shows that new roof installations recover an average of 68.2% of the installation cost through an increase in home value.
If you’re still skeptical, here are some ways that a new roof can increase the value of your home.
The vast improvements in roofing technology that can be included when installing a new roof are one of the main reasons for the added value in homes with new roofs. Technological advancements continue to happen as time passes in all aspects of human existence, and the roofing industry is not left in the dust.
Today’s roofing materials has met its fair share of technological improvements. From things like green roofs to synthetic roofing, there are a ton of options to choose from. The upgrades in the varieties of aesthetic values make it easier to give your home the makeover that it needs.
However, increased aesthetics aren’t the only benefit of incorporating new roof technologies. Old roofs are more likely to have cracks and loose shingles that make it easy for heat to escape. Shingles available on the market nowadays are work efficiently to cool the roof and home. As a result, your home will remain cool in hot summers.
It will also decrease the usage of the air conditioner, which will no doubt attract customers. A roof that keeps their energy in and power bills low is a long-term value that is hard to pass on, giving you a chance to increase your home’s value.
Getting a Great First Impression
The first impression of a house starts with the exterior, and the roof contributes significantly to the overall look of your home’s exterior. It’s why it can add value to your home. With all the roofing styles and types available, you’ll be able to incorporate new styles and colors that can give your home a fresh and modern look.
Modern roofing material can magnify the visual attractiveness of the house. The new updates will not only boost your home’s aesthetic appeal but also improve its first impression on potential buyers.
When your home catches the eye of buyers, they will be more likely to read more into your listing. The increase in buyers would result in more offers. In turn, you’d be able to sell your home for a higher price than you initially expected. It also means spending less on marketing, maintenance, and real estate.
No Inspection Issues
One problem that comes up in real estate transactions is making sure that the property passes all of the necessary inspections. When a house goes on the market, home and roofing inspectors will usually check it for every possible architectural or structural issues. It is during this point where everything wrong with a house comes to light, especially on your roof.
Roofing issues are one of the most commonly reported problems by home inspectors. No buyer would want a house with issues, especially on one of its most visible features. When all roofing problems are unearthed, you might be lucky enough only to need a few minor repairs, or you’d end up having to spend half of your savings to get a new roof.
Once unearthed, all issues need to be addressed. Some might be lucky to need a few minor repairs, while others might end up having to spend half of their savings before their homes can be sold. However, the problem doesn’t end with needing repairs or installation but also losing market value.
It’s most likely that the inspector would stop your home sale until everything is fixed. In turn, this keeps away any potentially interested buyers. That’s why investing in a new roof earlier on is a smarter option.
Since it’s new, you can count on the fact that it won’t cause any problems any time soon. Not only will this ease your worries when you sell, but this will also allow you to ask for a higher price. Homebuyers are more likely to agree on a higher price since they won’t have to deal with the costs of roof repairs in the future.
Fahey Roofing Contractors has the experienced and skilled contractors you need to help you with any necessary roof repairs and roof replacement. We serve various areas in West Virginia and Ohio. If you have more questions, visit our website today or contracts us at (304) 826-1323 for West Virginia and (740) 523-0380 for Ohio to learn more.