A new roof is great for many reasons, including improving curb appeal, cutting cooling costs, and increasing your home’s value. When you think of all the things you can do to increase the value of your home, new roofing probably is not the first thing you think of. However, a new roof had a huge impact on the value of a home, more specifically, on the resale value of the home. Plus, a new roof receives high scores in recent cost vs. value survey.
An extensive survey is done yearly. It looks at many different home improvements and compares the return on investment. Some of the projects considered in the study include new decks, basement refinishing, bathroom remodels, garage additions, and replacement windows. The study shared in their cost versus value report that a home’s resale value increased by an average of $12,000 with a new roof. Also, the survey showed that homeowners can recover over 60% of the cost of the new roofing installation cost with the increased value of their home in St. Paul, MN.
The latest cost verses value survey proved that a new roof improved the resale value of homes by increasing their value by nearly $12,000.
Upgrade to the home’s appearance. Today’s architectural-grade asphalt shingles provide a wide range of amazing colors and provide texture. No one would have thought that a rustic slate roof’s appearance could be duplicated using asphalt shingles. However, it is possible with the high-quality asphalt shingles.
Long warranties. Not long ago, the standard warranty of asphalt shingles was just 15 to 20 years. Today’s premium asphalt shingles offer up to 50 years of warranties.
Cool roof technology. Some of the asphalt roof shingles are designed in such a way to reflect solar heat, allowing them to reduce cooling costs. Because of this, they have an ENERGY STAR® rating.
No building inspection issues. A roof that is not in the best condition can stop the sale of a home. Since the roof is one of a home’s most visible features, potential home buyers, inspectors, and building appraisers are all looking at its condition.
New roofing is quite an investment so you will want to take time to find a reputable contractor to complete the project. It is best never to sacrifice quality for price. When wondering what the price of a new roof may be, it will depend on your location.
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