Does a Roof Replacement Increase Your Home’s Value?
It’s no secret that a roofing system plays a key role in your home’s curb appeal. But a residential roof offers more than just aesthetic value to a property; it’s also a protective barrier between your family and the outdoor elements.
Although a roof replacement can help increase your home’s value, there are different reasons why you may decide to move forward with one. And before you can make this investment, there are several factors you’ll want to consider, as well.
We’ll review a few below, but first, let’s tackle this tricky question:
Does a New Roof Increase Your Home Value?
According to HomeAdvisor, a new roof can increase your home’s value by an average of $12,000. However, this increase in home value will depend on several components:
- Quality of the roofing system
- Type of roofing materials used (e.g. asphalt, metal, rubber (EPDM), sprayo polyurethane foam, tile, etc.)
There are additional factors that will impact your home’s value, including:
- Housing market
- Condition of property
Is a Roof Replacement a Good Investment?
It’s important to note that, though a new roof can make your property more appealing to buyers and help you sell your home faster, it doesn’t mean you will necessarily increase its value by the exact amount you put into it.
The good news is we’re currently experiencing a hot sellers’ market, giving homeowners an extra advantage. With so many families looking to move out of the cities and into the suburbs, this could create bidding wars—or generate cash offers—that drive up the price of your home.
Of course, this is not guaranteed. However, it is a consideration that many sellers are keeping in mind right now.
When Is a Roof Replacement Necessary?
There are certain scenarios when replacing your roof before you sell is more of a necessity than a way to increase its value.
Examples might include:
- Visibly damaged
- Collapsed or sagging
If this is the case, it’s safe to say that most buyers won’t give your listing a second glance. It could also mean that your home won’t pass inspection. Finally, it may also create additional problems for your home, including water damage, mold, and unsafe conditions for your loved ones.
Should I Replace My Roof Before I Sell?
According to the National Association of Realtors, on average, only 45% of realtors suggest replacing your roof before selling your home. However, as we’ve discussed, in some situations, it can be advantageous or even necessary.
One downfall we see too often is when homeowners decide to wait until they’re ready to sell before they “finally” replace their roof—when they could have benefited from this investment while they lived there.
Don’t forget that a new roofing system has many benefits, including
- Creating more energy efficiency – new roofs help you control your home’s climate and keep indoor temperatures comfortable. That means lower utility bills and less waste.
- Adding protection against outdoor elements – a damaged roof can leave you vulnerable to weather conditions, leading to further damage and dangerous conditions for your family.
- Improving home’s air quality – if water has penetrated the roof system, especially repeatedly over time, you might have mold and other bacteria growing in your home.
Rather than replacing a roof only to have someone else enjoy its many benefits, why not allow yourself these same advantages, too?
Still on the Fence?
If you’re still unsure whether you should replace your home’s roof before selling, you can always ask a trusted roofing professional. At SUNVEK, we’ll be happy to visit your home, inspect the property, and provide you with a comprehensive assessment of your roofing system. After all, you might only need repairs vs. a full replacement.
With nearly 50 years of experience, we’ll help you make an informed decision that you feel confident about. And most importantly, we’ll help you ensure your roof is in optimal condition, whether you’re planning to sell now or stay awhile.
Contact us today to get started!
Ready to start your project?
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