Does A New Roof Increase The Value Of Your Home?

When it is time to replace your roof you have a lot of things to consider. Often at the top of the list is your budget. If you are not sure how long you plan to own your current home, you may question how much budget is worth allocating towards your new roof. This is a valid concern which Davis Roofing & Construction can help you with.

Their Naperville roofing experts can help you determine what repairs or replacement options you have and how they can impact your home’s value. A roof offers protection, but it can also impact curb appeal.

How Can A Roof Impact Your Home’s Value?

According to the National Association of the Remodeling, a new roof can result in a 109% return on investment. Almost half of realtors recommend replacing your roofing before listing your home, and a third say that it helps when closing on the sale. If you choose to forego replacing or including the replacement on you listing, you may actually devalue you home on the market. Prospective home buyers may try to include the roof replacement costs int the negotiations, reducing your power in the process.

A new roof can help your home stand out when being listed. When comparing listings in your area, having a new roof will make your listing more attractive to prospective buyers. Many home buyers do not have the budget to pay for a roof after putting a downpayment in on a home purchase. This will lead several prospective home buyers to consider homes that had renovations, such as new roofing, completed shortly before the sale.

When homebuyers are looking at their options in your community, having a new roof can help you get a better offer. Home buyers will likely compare options with what is available in the area they would like to buy. If they are comparing 2 or 3 similar options, but yours is the only option with a recently replaced roof, you can sell for a higher price. This can also help you close the sale faster. Home sales typically require inspections which can highlight issues with the property. By doing a roof replacement, you can minimize the risk that these inspections will find issues that need to be addressed prior to closing.  

Another way roofing can help you home’s value is by improving the look of your home. Aside from the “pop” a new roof can provide, different materials and colors can change your home’s appeal. Being able to show a prospective homebuyer that the materials are designed to last a long time or provide an unique look to the neighborhood can be very appealing. Be sure to work with your roofing company to see all of your options before you pick a style.

What Should You Budget

Budgeting is a pivotal decision when choosing to upgrade your current roofing. If you are in the market to sell, it is important to work with a local realtor to understand the market and what the expected return on investment will provide. A realtor is just the first step, you will also need to know what current rates are for a roofing project will be.  When working with a professional contractor, like Davis Roofing, they can lay out your options, to help you with your decision. Even if you are not in the market to sell, you don’t want to underestimate the power of a good roof. We have decades of experience supporting the Chicagoland area and have helped prepare homes for sale throughout our history. Let the Naperville roof replacement experts help you.

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