Does a New Roof Increase Home Value?

Does a new roof increase home value?

There are so many things to consider when you are thinking about selling your home. You want to be sure you are getting the full value for your property, so you are looking for ways to really get that.

Would replacing your roof help you increase your home value and get more for the sale of your home? There are actually several reasons why you should consider replacing your roof before you get in touch with a real estate agent.

Improving Your Home’s Curb Appeal

For those looking to sell their home, they want to be sure that it looks its absolute best when prospective buyers see it. You know your home is a great property, but first impressions always matter. If your home doesn’t look great when people first pull up to view the property, it will stick with them and damage their impression of your home.

As such, you will want to improve the curb appeal of your home as much as possible. There are several different ways you can ensure your home looks as good as it can, including keeping the grounds around it as clean and tidy as possible and doing maintenance repair work, such as replacing siding or windows. Another good way to improve your home’s curb appeal is to replace your roof.

This is something you should be considering if your roof is getting on in years, and starting to look its age. Is there is visible damage or ageing to the roof, it can give the impression that it is not capable of standing up to the elements. Replacing that roof will improve the look of your home drastically, and improve your chances of selling it. 

Get Better Energy Efficiency

With energy bills always on the rise, this is something that every homeowner is looking to mitigate as much as possible. If you are hoping to make your home more attractive to buyers, replacing it can actually make it more energy efficient and therefore a more valuable investment.

To do this, you will need to replace your roof with a roofing type that is highly energy efficient. Metal roofs are often a very efficient choice, as they last for decades and can be recycled once they have reached the end of their lifespan. They also allow you to properly manage the temperature in your home, as many metal roofs can be coated with materials that reflect heat. That ensures that you need less energy to cool your home during the warmer months.

Improve Your Home’s Structural Integrity

Something that makes your home valuable is the fact that new homeowners can move in right away without having to do large DIY or home improvement jobs. Replacing your roof is one of the biggest home improvement jobs you can do to your home, and if you have just bought a home, you do not want to be paying more money to do this.

If you replace your roof before you sell it, that is going to be a huge selling point for anybody considering buying. They know that when they move in, the roof is brand new and they will not have to think about replacing it for years to come. This is especially true if you go with a long lasting roofing material, such as metal, because these can last for up to 70 years with the right maintenance.

Getting The Edge In The Real Estate Market

Something to consider when you are looking to sell your home is what the market is like in the area you live in. Every area is different, and people looking for new properties will be looking for different things. Depending on where you live, buyers will be looking to pay more for certain things, whether that is proximity to schools, larger yards, and so on.

Different areas will also have demands for home improvements, such as new roofs as well. If you talk to a real estate agent in your area, they will be able to tell you whether a brand new roof would give you a lot of value on your home when you sell it. Depending on where you live, it could add thousands to the price, so investing in that new roof would pay off in the long run.

Better Insurance Rates

There are a lot of things that prospective buyers would need to consider if they are looking at buying your home. As well as all of the obvious things, such as weather the location, size, and more are right, they will need to think about insurance.

When they are looking at buying your home, they will need to instead the cost of ensuring the home once they live in it. One of the biggest benefits of a new roof is that it will help lower insurance rates with many companies. This is because that new roof will help lower the chances of weather or structural damage.

The same is often true of home loan lenders, for similar reasons. The home is protected by a brand new roof, it does represent a safer investment.

Reduce Chance Of Structural Damage

As mentioned above, if you have a new roof installed and then look to sell your home, buyers can see that they have less chance of dealing with structural damage when they buy it. This is something that so many people are looking for now, as they do not want to have to budget for damage that needs fixing as soon as they move in.

With a new roof installed, prospective buyers can see that they will not have to deal with any of these issues when they move in, freeing up the budget for anything else they want to do to the home.

Conclusion

As you can see, there are several reasons why having a new roof installed will increase your home’s value. If you are thinking of selling your home and your roof is getting on in years, investing in a new roof will really help you get the most out of your property.

If you live in Virginia areas such as Warren, Fairfax, Winchester, or Leesburg, Piedmont Roofing will be happy to help you with your roofing needs.