A roof replacement is an important home improvement that improves curb appeal and protects your home from the elements, but there is another benefit of a new roof you may not have considered: it also increases home value.
On average, a homeowner can expect to add about $12,000 to the resale value of their property and get a return on investment of 60% to 68%. The factors that affect how much value you’ll add with a new roof installation include:
- Materials Used: Metal roofing costs more to install, but that doesn’t necessarily mean a better return on investment. In fact, a report from Remodeling Magazine showed that the average ROI for a metal roof was 60.9%, while the average ROI for asphalt roofing was 68%. Spending more doesn’t always mean it’s a better investment.
- Quality of the Workmanship: Most homebuyers have an inspection performed. If your roofing contractor provides shoddy workmanship, the inspector will notice, and it will affect the home’s value.
- Condition of Existing Roof: If the current roof is in very poor condition, a new roof will increase the value more than if you’re updating from a roof that’s already in pretty good shape.
Another thing to consider is the first impression your home gives potential buyers. Impressive curb appeal is important in real estate, and if the buyers are greeted by an outdated roof when they pull up to your home, that’s not going to win the property any points.
Whether you’re selling or staying, you shouldn’t put off a needed roof replacement. When your roof is in excellent shape, it increases home safety by providing fire and storm protection and can even help improve energy efficiency.
Choose a Reputable Roofing Contractor
You want the best possible ROI for your roof replacement project, so it’s important to hire trusted local roofing experts that you can count on to use quality materials and to get the job done right.
Caden Roofing is a leading roofing contractor in Central Texas, and they’ve built a reputation for delivering consistently excellent results. We use premium materials from top brands, such as GAF and Owens Corning, and ensure that all work is done by skilled, experienced professionals.
Contact us today for more information about our roofing services and to schedule a no-cost, no-obligation consultation and accurate cost estimate.
Subscribe to Caden Roofing's Blog