If you want to sell your home, your first priority must be to enhance its value before listing it on the real estate market. One of the greatest components that can help with this is a roof upgrade.
A brand-new roof makes your home look attractive from the outside and within, which boosts your chances of landing a more profitable deal.
However, are you wondering how much it will boost the price? Then, let’s dive in!
How Much Value Does a New Roof Add Exactly?
Yes, a brand-new roof can boost your home’s resale price. However, the exact increase in the price depends on housing market conditions, location, and the roofing material in question.
For instance, according to the 2024 Cost vs Value report, ROI on new roofs made of asphalt shingles is 56.9%, and that of metal is 48.1%. On the other hand, the 2023 Cost vs Value report states that ROI on new roofs of the same materials was 61.1% and 48.9%, respectively.
Unfortunately, roof upgrades can never boost the resale value by 100%.
How Much Value Does a New Roof Add Indirectly?
Besides the increase in resale price, a new roof also increases the value of your home in other ways, such as the following.
Enhanced Curb Appeal
A brand new roof makes your home’s curbside appeal. When visitors/buyers notice your home from the outside, they have a positive perception of the property.
The improved aesthetic of your home makes it appear more valuable compared to other similar properties with old roofs. Thus, people are willing to pay more for your home with a new roof.
However, make sure you install a roof that suits not only your house but also the surroundings. Architectural asphalt shingle roofs are extremely common roofing materials. This will enhance the aesthetic and resale value slightly.
On the other hand, roof upgrades to luxury shingles, cedar shakes, slate tiles, and synthetic shingles not only make heads turn but also ensure a guaranteed boost in overall resale value. The only downside is that these are expensive.
Reduced Energy Bills
Your home’s old roof has worn out over the years. Even if it’s expensive, the quality isn’t as great as the initial years.
Moreover, old roofing materials weren’t equipped with technological advancements. This leads to improper attic ventilation, which makes your HVAC units work too hard, leading to higher energy bills.
If you switch to advanced roofing materials with reflective coatings or insulated designs, your HVAC systems won’t overwork. They enhance attic ventilation and offer improved indoor temperature regulation, thus reducing your energy bills.
These energy-efficient features can also help you attract more cost-conscious customers and differentiate your property in the real estate market.
Reduced Repair Frequencies
Another indirect new roof value to a home is the frequency of repairs throughout the year.
If you have an old roof, you’re more likely to face frequent damage. You’ll often face issues with it, such as cracks, leakages, misplaced or broken tiles, damaged or missing shingles, and similar issues.
Before you assume that the expense of regular repairs is the same or less than that of a new roof, that’s not the case at all. Rather, new roofs can be cheaper than the sum of all the roof repairs required in a year.
If you switch to a brand-new roof, you won’t have to schedule continuous repairs, which saves money and time.
Further, if you need regular repairs, it also means that at some point, the roof damage might impact the interiors and other belongings like electronics. As a result, you’ll spend more on these collateral damages.
Buyers’ Peace of Mind
When potential buyers inspect your home, they will investigate whether your roof is new or old. If it is old, they will be less likely to buy your property.
The reason?
Nobody wants to take a chance with such huge investments. Buyers feel anxious that the old roof might give out at any moment. Thus, they’ll have to deal with unexpected expenses and also have to be cautious about collateral damages anytime soon.
On the other hand, a new roof comes with a renewed guarantee, making it a more attractive option. They’ll know that even if there’s any issue, they can take advantage of the guarantee.
Even if your home’s curb appeal and interior look fascinating, they’ll just keep searching for another recently upgraded home.
How to Maximize the Value of Your New Roof
Investing in a new roof isn’t the only solution. You must also take additional steps to make the most out of the upgrade as follows.
Pick a Reliable Material
Choose a roofing material that complements your home and the neighborhood’s aesthetics. For instance, asphalt shingles are best for neighborhoods for homes on a budget. On the other hand, a neighborhood with luxury homes goes best with slate or wooden roofs.
Prioritize Attractive Features
Make sure the roofing material has energy-efficient features. For instance, it must have reflective coatings to reduce cooling energy bills. This also reduces the homeowner’s carbon footprint, which attracts more environmentally aware buyers.
Go for a Timeless Design
It’s always safer to choose roofing material in neutral colors unless all the houses in the neighborhood are bright and bold. Neutral shade roofs are timeless classics, making your property stand out to a wider audience.
Ensure It Has a Warranty
Invest in a roof with a transferable warranty and highlight it when putting the property on the real estate market. This will make your property appear much more attractive, as buyers can even use the warranty when needed.
Conduct Regular Roof Maintenance
Until you get a buyer, take special care of your home and the newly installed roof. Make sure it looks as good as new for a long time with regular attention. This will help you get the most out of this investment!
Parting Words
While selling your home, a poor or old roof is a dealbreaker for buyers. So, it’s high time you invest in a new one and maintain it well until you get a buyer.
Wondering where to get your new roof? Well, contact us at LA Roofing Materials. From quality roofing materials to the industry’s best roofers, we can get it all for you!