Roofs are one of the most noticeable features of any home. They are the very first thing that visitors notice even before they enter your house. A new roof can instantly capture the attention of every visitor, turning them into potential buyers. This signifies the importance of a good-looking roof in the overall aesthetic appeal of your house.
But this is not the only function of a roof. The roof is the topmost protective layer that shields everything beneath it. They are the ones bearing all the rain, extreme heat, high winds, and other harsh environmental conditions. While protecting everything under them. Exposure to these harsh conditions makes the roof very liable to damages.
A damaged roof can be a cause of concern for owners who are planning to sell their house. The roof is an important factor to consider while buying any house. Therefore, investing in your roof can be advantageous for homeowners planning to sell their house.
But the question arises “Is a new roof worth it?” or “How much does a new roof increase home?”. Buyers are always searching for houses with a newly installed roof as it can guarantee protection from roof damage for a long time.
While you can opt for frequent repair and maintenance of the damaged roof, after an extent having a new roof becomes a more feasible option than repair.
How Much Value Does a New Roof Adds to Your Home?
A new roof can boost the overall value of your home significantly. However, the exact increase in value is very difficult to calculate. For sure, you can never expect a 100% return on your investment. It’s nearly impossible to get a dollar-to-dollar return on your investment.
However, on average, a new roof can provide you with a 60-70% return on your initial investment. Making it a totally worthy investment in your home. Along with this impressive return on investment, a new roof also offers certain benefits that include
- Faster sale
- Smoother sales
- Peace of mind
All these advantages make the new roof a considerable investment for those who are planning to sell their house. However, the list of advantages does not end here. A new roof also offers many other advantages that can benefit those who plan to stay in the same house. These benefits include a reduction in utility bills, enhanced curb appeal, and the list goes on. Down below we are going to discuss some of these benefits.
Benefits Offered by a New Roof
1. Energy Efficient
Roofs are the topmost insulating layer in any home. They bear all the sunlight, snow, rain, and other harsh conditions while maintaining a desirable ambiance inside the building. However, damages and cracks in roofs can significantly hinder their insulating capabilities.
Cracks allow air leakage from within the building that disturbs the internal temperature. This results in the overuse of the ventilation system to maintain the ideal temperature inside. Causing more electricity consumption and high energy bills.
Whereas, a new roof efficiently prevents all the leakages, maintaining the ideal temperature inside the building. This results in less use of electricity and low energy bills.
2. Increased Resale Price
One of the most obvious benefits of a new roof is the increased market value of your home. A new roof makes your house more prominent and marketable to the public. A new roof acts as a plus point to all the buyers resulting in quick bids and sells at a better price. This is because the buyer won’t have to worry about any roof problems if they plan to stay in the house for the long term.
3. Less Maintenance Cost
A new roof can significantly lower the repair and maintenance cost of your roof. But with the prerequisite that you have selected the best quality materials and an experienced roofing contractor. Roofs made with quality materials can last for almost 20 to 25 years with minimum cost of maintenance.
Although having a roof replacement is expensive, it can be cheaper in the long run as compared to continuous repairs. Repairing an old and extensively damaged roof is like throwing away your money for temporary solutions. Therefore, with a new roof over your head, you don’t have to worry about those maintenance charges for a long time.
4. Enhanced Health & Safety
Old roofs are often covered with molds and mildew growth. This is due to the considerable amount of moisture that gets trapped in the roof. These molds and mildew can rot if left untreated for a long time. Hence, posing a significant to the health and safety of the inhabitants.
Conclusion
In conclusion, we can say that, although a new roof can enhance the overall value of the house. However, its overall impact cannot be precisely determined as it depends on various factors. These factors include the real estate market conditions of that area and return on investment.
You can consult a real estate agent before making any decision. But always remember that investing in a new roof is of pivotal importance for any homeowner. It gives him peace of mind and protection for years to come.