Does a New Roof Increase Home Value?

Does a New Roof Increase Home Value?

Does a New Roof Increase Home Value?

We all know that a new roof looks great to a potential buyer. Most homeowners appreciate having a new roof over their head because it saves them the hassle of having to replace the roof within the near future. After purchasing a new home, many new homeowners don’t have the savings to cover a roof replacement on top of the purchase.

But does a new roof increase the value of a home, and if it does how much value does it add?

How Roof Replacement Increases Value 

If your current roof is showing signs of deterioration or damage, it’s almost guaranteed that the value of your home will decrease when you go to sell. A good portion of homeowners aren’t willing to buy a house that requires major renovations, which drives down potential bids.

In situations like this, it’s always optimal to replace the roof prior to listing.

Things to Consider:

If the roof appears to be in good condition and you aren’t experiencing leaks, you can wait to decide on replacement if deemed necessary after the home inspections. 

If there’s visible damage (missing shingles or flashing, staining, sagging, etc.) reaching out to a roofing company to inspect the roof would be a great idea. This will allow you to gain a professional opinion on whether you should consider replacing the roof.

Maximize ROI

Make sure to get the roof replacement done professionally, this will help insure that your roof is installed properly and eliminate the possibility of further costs and damages.

Don’t layer the Shingles

A proper roof replacement requires you to strip the roof down to it’s foundation. This ensures that any damage underneath the shingles can be fixed during the installation process. Installing new shingles on top of the old shingles is a recipe for disaster (and damages).

Good Materials

Make sure you’re choosing reputable materials. This will greatly impact how much value the new roof adds to your home. 

Keeping Up with Maintenance

Ensuring that all the proper maintenance is carried out through the life of your roof and gutter systems greatly extends the life of the product. A new roof won’t help to increase the value of your home or help your ROI if it ends up becoming damaged prior to closing.

Ready to Increase your Home’s Value? Give us a call today to set up your free drone inspection. Here at Northpoint Roofing Systems, we offer wonderful options for your new roofing material paired with high installation standards. We’re just one call away.