Believe it or not, the national average increase value for a home with a new roof is $12,000.
Although replacing your roof is an expensive project, there are definitely return investments that make is all worth your time and your money, especially if you are a homeowner interested in putting your house on the market.
Estimating Your Roof’s Value
It may seem shocking to you as a homeowner how much a new roof can increase the value of your home. What makes one roof more valuable than the next you might ask? We are here to help answer that question by giving you a few simple ways to estimate the value of your roof.
Virginia gets hit with all sorts of weather: after long winters with lots of snow and ice your roof could easily be damaged from holding extra weight, having branches or debris cause a puncture (hire a tree removal service), or water not draining properly due to frozen pipes. How about after one of those crazy wind storms that occasionally blow on through: ever think to check for singles that may have been swept away or are starting to curl?
How old is your roof? Does it have any leaks or sagging spots? Staying on top of basic roof injuries and getting them repaired as quickly as possible will help keep the value of your roof higher and will also help prevent further damage.
Does your roof have solar panels? If you are a homeowner looking to increase the value of your roof but are not interested in replacing the whole thing, adding solar panels may be a quick solution. For more on long term benefits of solar power.
Curb Appeal
When does curb appeal matter the most? As a homeowner in Northern Virginia trying to sell your home, curb appeal could make or break a deal. Although location is important for home buyers, the truth is, the better your house looks from the outside (exterior painting can really help with this), the more buyers will be attracted to it; if more buyers are attracted to it, the more likely you are to sell your home faster. A new roof can add serious curb appeal and lasting value to your home.
Giving your house a new roof will increase overall real estate value. The faster your house sells, the sooner you stop paying for the land, the real estate fees, and the general upkeep, meaning, in the long run, it could actually save you some money as well as increase the value of your home.
Lifetime Value
Seeing as replacing a roof is quite a large investment, you will want to make sure you do it right. Consider how old your house is, the property it is on, and the area it is in.
If your house has an old roof that keeps getting damaged and leaking, it may be time to budget for a new roof instead of just fixing one leak after another. Roofs last a long time but when the time comes for a roof to be replaced, it should not be ignored.
If you do not replace a roof that needs replacing it could begin causing interior issues such as water damage and mold, decreasing the value of your home.
Want to learn more ways to increase your curb appeal? Let us know what YOU want to know about in the comments!