Selling a house can be a bit of a rollercoaster. From finding the right realtor to dealing with no-show open houses and lowball offers, it can get pretty frustrating. One crucial aspect that can significantly impact your home’s sale is its roof.
- A prolonged sales process
- Fewer offers
- Lower-priced offers
How Much Home Value Does a New Roof Add?
- Meeting your full asking price
- Smoother negotiations
- Less time on the market
Crunching the Numbers
Here’s how the two most common roofing materials perform in terms of resale value:
- Large Roof Average Cost: $22,636
- Average Resale Value: $15,247
- ROI: 68.2%
Metal Roof Replacement
- Large Roof Average Cost: $38,600
- Average Resale Value: $23,526
- ROI: 60.9%
While these stats indicate that you won’t get a full ROI, a roof replacement can still add a significant percentage to your home’s value. However, if your roof is relatively new or has a long lifespan, a replacement may not be necessary.
When to Replace Your Roof
It’s not always essential to replace your roof before selling, but certain signs suggest it’s a good idea:
- Cracked shingles
- Leaks
- Ice dams in winter
- Wind or hail damage
- Buckling shingles
- Sagging roof (indicates possible deck rot)
- Lost shingle granules (found in gutters)
Choosing Roofing Materials
If you decide to replace your roof, consider your material options. Asphalt shingles are popular due to their affordability and decent lifespan (15-25 years). Metal roofs, lasting up to 50 years or more, are also gaining popularity. Other options include:
- Tiles: Long-lasting (50-100 years) but costly.
- Stone-coated metal tiles: Long-lasting and pricey.
- Composite Tiles: Last longer than shingles but more expensive.
- Real Slate: Extremely durable (over 100 years) but very expensive and heavy.
Consult with a Roofing Expert
Before making a decision, consult with a roofing expert. Our trusted team in Salem, Oregon, offers free inspections to help you determine the best course of action for your roof. Contact us today for an expert opinion and advice on selling your home with confidence!
SOURCE: https://www.iko.com/blog/does-a-new-roof-increase-home-value/