How a New Roof Can Increase the Value of Your Home
May 10, 2023A new roof not only enhances the overall appearance of a home but also adds value. A shabby, unkempt, or damaged roof is not only an eyesore but can also decrease the value of a home.
Roofing is one of the most significant investments a homeowner can make, and it is in the homeowner’s best interest to ensure that it is installed correctly and maintained well. In this blog, you’ll learn how a new roof can increase the value of your home.
1. Curb Appeal
The first thing a potential buyer will notice about your home is its curb appeal. The roof is one of the most prominent features of a home and can significantly affect its appearance.
A new roof can add a fresh and modern look to your home, making it more attractive to potential buyers. It can also give a home a more cohesive and polished appearance, increasing its value.
2. Energy Efficiency
A new roof also provides energy efficiency benefits, adding value to your home. A properly insulated and ventilated roof can help regulate the temperature in your home, reducing the need for heating and cooling.
Building code standard roof installations lead to lower energy bills and are a significant selling point for real estate listings. Potential buyers, especially in areas with extreme weather conditions, would definitely appreciate proper thermal regulation from a perfectly-installed roof.
3. Improved Safety
A new roof also provides improved safety for your home. A damaged or old roof can pose a risk to the structural integrity of a home. This can also be a safety concern for homeowners and potential buyers.
A new roof installed by professionals provides peace of mind and adds value to your home, knowing it is structurally sound and safe.
4. Increased Home Value
One of the most significant benefits of a new roof is the increase in home value. According to Remodeling Magazine’s Cost vs. Value Report, a new roof can add more than $17,000 to the resale value of a home. It means that a homeowner can recoup up to 60% of the cost of a new roof in the resale value of their home.
Updated roofing also helps a home sell faster, as potential buyers are more likely to make an offer on a home that looks renovated and is move-in ready.
5. Lower Insurance Premiums
Insurance companies consider the age and condition of a roof when determining insurance rates. A new roof can demonstrate to an insurance company that a homeowner has taken steps to maintain their home, leading to lower insurance premiums.
Aside from more significant savings over time, the cheaper insurance is also a selling point highlight for potential buyers.
6. Long-Term Investment
A new roof is a long-term investment that can pay off over time. A well-maintained roof can last up to 25 years or more, providing homeowners with peace of mind and saving them money on repairs and replacements.
Moreover, a well-built roof increases the overall value even on an older property. Investing in high-quality materials and professional roofers is an intelligent move for property owners who are looking to sell their homes in the future.
Key Takeaways
A new roof can add value to a home in several ways, whether you’re keeping the property for generations or planning to resell. If you’re a property owner, learning the benefits of investing in high-quality roof installation and maintenance is essential. Remember not to skimp on roofing builds and maintenance to reap the most profits from your real estate assets.
Don’t let a damaged or outdated roof bring down the value and safety of your home. Experience the exceptional Burleson EPDM roofing services Honey Bees Roofing & Solar offers. Our team of experts is committed to providing you with top-notch roofing solutions that meet your unique needs. Contact us now to get started!