Will Replacing Your Roof Add Value To Your Home?
Planning on selling your home? If so, you should be considering the steps that you can take to improve the value of your home. While making certain renovations may cost money up front, many of them will increase your home’s value by enough to offset the initial expense.
One way you might consider adding value to your home is replacing the roof. However, you might be wondering whether or not it’s worth it.
Does Replacing Your Roof Add Value?
Short answer: yes.
Replacing your home’s roof will add value to your property for several reasons.
First, it will improve your home’s curbside appeal. The first step to attracting potential buyers is drawing them in based on your home’s appearance.
Replacing your roof will also help buyers feel secure in knowing that the home will be protected from water damage and bug infestations without them having to replace the roof any time soon.
There are other lesser-known reasons that you should consider replacing your home’s roof.
First, it can increase your home’s efficiency. Some types of roof shingles actually reduce solar heat, which reduces your overall cooling costs.
Additionally, new roofing will likely give you a longer warranty as warranties for premium asphalt shingles can be as long as 50 years.
Lastly, new roofing will help avoid issues when it’s time to get an inspection before closing a sale.
Ways to Improve Your Roof
Here are two primary ways you can improve the quality of your roof and raise your home’s value.
Many homes have a 3-tab shingle system. Instead, you might consider switching to architectural shingles. Architectural roofing shingles are some of the highest quality roofing products available and are sure to protect your property from water damage and other disasters.
These shingles have more longevity, better wind resistance, and often look better than traditional 3-tab shingles.
Get Impact Resistant Shingles
Impact resistant shingles can be a great investment as they often reduce the premium on your homeowner’s insurance.
Impact resistant shingles can be a relatively costly investment, but the added protection and insurance discount can give you more leverage when negotiating the sale price of your home.
Alternatively, you can consider materials such as:
- Stone-Coated Metal
- Solar Shingles
- Aluminum Roofing
- Standing Seam Roofing
- Single-Ply Roofing
Each of these types of roofing options offers certain benefits. Solar shingles, for example, may be expensive but can drastically increase the energy efficiency of your home. Stone-coated metal roofing offers significant protection while maintaining an attractive appearance.
Depending on your needs and your budget, any of these roofing options may be ideal for your purposes.
Ultimately, replacing your home’s roofing does increase its value. While there are other cost-effective renovations you can make, replacing or upgrading your roofing will improve your home’s safety, weather resistance, and curb appeal.
If you plan on selling your home or are simply looking for ways to preserve your investment, you should absolutely consider replacing the roofing on your property.