Does a New Roof Increase Your Home’s Value?
A new roof can do wonders to your home value. Investing in a new roof can increase your home’s value and make it easier to sell.
According to Roofsimple.com, 90% of roofs in the United States are poorly designed and built with materials that absorb, rather than reflect heat. Insulation helps, but with a bad roof installed, attic temperatures can be astronomical, and high attic temperatures will transfer into the home. High energy bills can be softened with energy efficient roof systems. Most modern roofing is far more energy efficient than older roofs. Having an energy efficient roof can save hundreds of dollars a year! Current composition shingles offer solar reflecting granules and are energy star rated. Energy efficiency is a huge selling point for home buyers.
An old roof is susceptible to leaks, which increases the chances of mold and mildew growth in addition to unsightly ceiling and wall stains. A home with visible signs of leaks will inevitably harder to sell. Leaks, bucking shingles, lost granules, can be red flags for home inspectors and lose the sale for nervous buyers.
The first impression of your home is by far, the most important. A common mistake many people make when completing projects to re-sell their home is to spend most of the funding indoors. If the outside of your home looks to be in disrepair, buyers may not even go inside. The roof adds significant curb appeal and adds to the style of the home.
When purchasing a home, many buyers want to avoid costly future projects. Real estate agents often use new roofs as selling point because buyers are attracted to homes with new roofs. Having the security that they are free from the expense of a future roof replacement is an enticing thought for most. Predictably, having a tired, old roof that requires work will reduce the value of the home to prospective buyers, making it harder to sell, and potentially lowering the price of the home.
If you are planning on selling your home, the ROI for a roof replacement can be extraordinary depending on the condition of your previous roof. As with any construction project, it is always a good idea to hire a licensed contractor, and American Eagle Roofing is here to help!