If you’re like many people selling a home in Dallas, McKinney, Plano or any of the surrounding communities, you’ve asked your real estate agent, “How much value does a new roof add?”
The bottom line is that the value of a new roof varies based on several factors, including the location of your home, your home’s age, and what your neighbors are doing – but it certainly does add value. Here’s what you need to know.
How Much Value Does a New Roof Add to Your Home?
Putting on a new roof isn’t as glamorous as installing an in-ground pool, knocking a wall out of your kitchen and installing high-end appliances, or building an in-law house in the backyard, but it can significantly affect your home’s value. The bottom line is that buyers don’t want to worry about a roof when they buy a home, and most roofs are built to last between 20 and 30 years. That means if your home is in that age range, buyers are going to want to see that you’ve recently replaced the roof so they don’t have to worry about it for a few more decades.
How a New Roof Adds Value to Your Home
For most home-sellers, it’s about the bottom line at the closing table. With a new roof, you can expect to recoup most of your total investment.
But that’s not where the true value in a new roof lies. It lies in:
- Buyer confidence
- Appearance upgrade
- Better warranties
- Lower utility bills
- Better inspection results
Buyers know they don’t have to worry about replacing a new roof, and that’s one less thing to check off the list. When you need to know how much value a new roof adds to your home, this is one of the intangibles – but it’s definitely there.
Homes with better curb appeal sell faster – and for more money – than their counterparts that don’t look amazing from the road. If your roof looks shabby or you can tell it’s aged since you bought the home, it may be time for an appearance upgrade through a new roof.
Premium-quality asphalt shingles and other roofing materials often come with long-term warranties, which gives prospective buyers plenty of peace-of-mind. Asphalt roofing materials last longer now than ever before, which can be a tremendous benefit to buyers.
Lower Utility Bills
Low energy costs are a big selling point for prospective buyers. Many new roofing materials have energy-efficient ratings and include “cool roof technology,” which helps owners save money on monthly utility bills.
Better Inspection Results
Smart buyers hire a home inspector before signing the dotted line to buy a house, and if you have a new roof, you don’t have to worry about it derailing your deal. A roof that’s in poor condition can send buyers running in the other direction, so replacing yours if it needs it is a great way to sell your home faster (and at a better price).
Do You Need to Find Out How Much Value a New Roof Will Add to Your Home?
When you’re trying to sell your home, a new roof could help you sell it faster – and for more money. Schedule your free roof inspection today to learn more.