Does a New Roof Increase the Value of Your Home?

The benefits of a roof extend beyond aesthetics. Your roof protects your home from the elements and can save you money on roof repairs and headaches down the line. Unfortunately, nothing lasts forever and your roof will eventually need to be replaced.

If your roof is on its last legs or has incurred irreparable damage, consider replacing it. In addition to providing excellent protection from the elements, a new roof can increase overall value of your home. Increasing the value of their homes is actually many homeowners replace their roof before putting their home on the market.

So how much value can a new roof add to your home?

A 2019 study conducted by the National Association of the Remodeling Industry found that a new roof can give a whopping 109% return on investment. Researchers reported that 39% of realtors recommend replacing the existing roof before listing a property and 33% said that a new roof helps close a sale.

Another benefit of a new roof is that it can improve the marketability of your property and help you close a sale sooner than expected. A new roof is a significant investment. Several new home buyers are unable to afford a new roof after making a down payment and paying closing costs. They look for a ready-to-move-in turnkey property.

By listing your property without replacing your old roof, you may unknowingly downgrade its value. A home with an old roof can turn away potential home buyers. An experienced home buyer knows that removing an old roof, getting rid of it, and installing a new roof in its place can involve a lot of effort and may try to control the negotiation.

A new roof can help you get a fair price on your home. When considering two homes in the same price range in a neighborhood, potential home buyers are more likely to make a more generous offer on the home that was upgraded recently as they know a recently upgraded home will save them the hassle of having to carry out repairs themselves.

How much should I spend on a new roof?

This is one of the most common questions homeowners ask themselves when selling their home. A local realtor can help you determine the value of your property with and without a roof and create a budget. Your realtor can also guide you when choosing materials for your roof.

ARS Roofing offers top-notch roofing services in Marin County. Our extensive experience crafting customized roofing solutions for our customers gives us an edge over other roofing companies in Marin County. To discuss your roofing project with our team, call (707) 584-5900.

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