Getting a new roofing solution done is not nearly as popular a choice as overhauling a kitchen or repurposing a basement when it comes to home improvement projects. However, a new roof can lower heating and cooling costs, give your house a fresh new appearance, and can significantly increase the value of your home.
Many homeowners don’t give their roof too much thought; after all, why fix something that isn’t broken? But if you haven’t had your roof inspected for more than five years, then it has likely taken on some damage that you haven’t noticed yet. Don’t wait until a leak penetrates your home before calling a roofing contractor!
How Much Does a Roof Replacement Cost?
Roof replacement costs depend on the chosen material for your new roof. For example, metal shingles are more expensive to install, whereas asphalt shingles are more popular, sturdy, and waterproof.
If a roof is damaged due to acts of nature, homeowners insurance will cover roof replacement costs. However, roof maintenance is generally defined to be a homeowner’s responsibility—so a roof that’s deteriorating due to wear-and-tear is not eligible for reimbursement!
How Your Roof Affects Your Home’s Value
There are significant costs to roof replacement, but there are many benefits as well, especially if you’re looking to sell your home. Here are three ways a new roof can affect your home’s value:
Appraisal Value
When it’s time for the appraisal, home inspectors immediately check the property’s roof.
Roof health is one of the most significant factors in determining value. A newly updated roof means the new owners will not have to spend money on it for several years! Premium quality asphalt shingles now have warranties that go up to 50 years, so potential buyers will be more willing to buy at your full asking price, just for that.
On the other hand, if your roof is a decade old and needs a bit of patching, that may place your property in the fixer-upper category. Homebuyers are usually advised to stay away from properties that need immediate fixing—so this is a point against your property.
Remodeling magazine’s 2019 Costs vs. Value report shows that roof replacements net a return of investment (ROI) of 60%-68% and can raise the appraisal value of a property by at least $12,000. This may not seem high enough for many potential sellers, but the truth is that very few home improvement projects net 100% returns. However, a new roof may lead to more offers, quicker negotiations, and less time sitting on market listings—making it a worthy investment.
Curb appeal
Roofs are generally thought of as a purely functional house feature—but new shingles can significantly raise a property’s curb appeal. In fact, modern rooflines can fetch a higher selling price compared to more dated, generic ones.
Carefully chosen shingle designs and textures have a “wow factor” right from the driveway, and potential buyers may be more willing to put in an offer for this new, impressive aesthetic.
Efficient temperature control
Newer and more innovative roofing materials can effectively reflect heat instead of absorbing it—making the home interior much less warm during the summer. You and your family can be more comfortable, and you won’t have to use air conditioning too much. High temperatures accelerate material degradation, so using cool roofs can even prolong its lifespan.
Conclusion
Overhauling your roofing system means spending a significant amount of money—but it’s a worthy investment, especially if you’re looking to sell your home. A newly installed roof using high-quality, high-tech materials garners potential buyers that are more willing to give you your asking price while yielding a shorter, smoother negotiation period, too!
Are you looking for a roofing contractor in Charlotte to help with roof installation, repair, and maintenance? Charlotte Roofing Specialists always have our customer’s best interests in mind. Contact us today to request a free estimate!