How Does Your Roof Affect Your Home’s Value?
Believe it or not, the health of your roof is one of the biggest factors in determining the overall value of your home. Think about it – your roof does so many things – so it makes sense why it has such a big impact on the overall value of your home. Your roof is your home’s insulator. It allows you to control of your home’s energy efficiency and lowers your utility bills. Your roof also protects you from the obvious—rain, wind, sleet, snow, hail, and more. It keeps you and your family, along with all of your belongings, safe regardless of what’s going on outside.
Your roof also impacts how your home looks from the outside. The foundation and bones of a house may be beautiful, but if the roof is old it is problematic if you’re considering selling. Believe it or not, the health of your roof is one of the biggest factors in determining the overall value of your home.
Getting a new roof is not nearly as popular a choice as overhauling a kitchen or finishing off a basement when it comes to home improvements. However, a new roof can lower heating and cooling costs, give your house a fresh new look, and can significantly increase the value of your home.
There are significant costs to roof replacement, but there are many benefits as well, especially if you’re looking to sell your home.
Appraisal Value
When it’s time for the appraisal, home inspectors immediately check the property’s roof. Roof health is one of the most significant factors in determining value. If your roof is decades old, that may put your property in the fixer-upper category. Homebuyers usually stay clear from properties that need fixing up.
Remodeling Magazine’s Costs vs. Value Report shows that roof replacements net a return of investment (ROI) of 60%-68% and can raise the appraisal value of a property by at least $12,000. This may not seem high enough for many potential sellers, but the truth is that very few home improvement projects net 100% returns. However, a new roof is definitely a worthwhile investment.
Curb appeal
Roofs are generally thought of as a purely functional house feature—but new shingles can significantly raise a property’s curb appeal. Today’s roofing materials are made in a variety of textures and colors, which give homeowners an opportunity to better complement their siding and landscaping. Carefully chosen shingle designs and textures have a “wow factor” right from the driveway.
Upgraded Roofing Technology
Energy efficiency is critical and roofing materials have started to adapt. Now, there are plenty of shingles available on the market that help reflect solar heat and thus, improve the overall energy efficiency of your home.
Increase Warranty Length
A lot of older roofing warranties only lasted about 10-15 years. With the improvement in the technology and material of today’s roofing materials, these warranties have gotten longer.
Worth the investment
Overhauling your roofing system means spending a significant amount of money—but it’s a worthy investment, especially if you’re looking to sell your home. A new roof will improve your home’s property value by thousands of dollars. It increases aesthetic value alongside functional value and can help you sell your home with ease.
As a homeowner, getting projects done around the house gives you a great sense of accomplishment and helps to keep the value of your home high. If you spend your Saturday’s landscaping or power washing the driveway, you understand the pride that comes with a job well done. While your growing to-do list will probably cover most of the daily maintenance tasks that need to get done, there are some jobs that are best left up to the professionals. A lot can go wrong with a roof, most of which is difficult to see unless you’re a trained professional.
If you’re interested in getting a new roof installed to help increase your home’s value, contact the professionals at The Roof Guy of Annapolis today. At The Roof Guy of Annapolis, we believe there’s a balance between hands-on, personable service, quality of work, and efficiency. We take the time to understand your needs and communicate effectively from the first quote to the last nail being placed. To learn more about our roof replacement options and to get a free estimate, contact Gary at 410.570.4956.
