Does A New Roof Add Resale Value?

It's one of the most common questions asked by homeowners preparing to sell their house: will a new roof add resale value? The answer, unfortunately, is not always a clear yes or no. While a brand new roof will undoubtedly make your home more appealing to potential buyers, the actual increase in value will vary depending on a number of factors, including the type of roof you install, the current condition of your existing roof, and the overall housing market in your area.

That said, there are certain situations where experts agree that a new roof will most likely add resale value to your home.

Reasons to Replace your Roof before Selling

If your roof is in need of repair or is nearing the end of its lifespan, it's generally a good idea to replace it before putting your home on the market. Not only will this make your home more appealing to potential buyers, but it will also give you a chance to negotiate a higher sale price.

If your curious to know how much its going to cost to replace your roof, use our free roof cost calculator.

Click here to try it out.

Increase Curb Appeal

A new roof can also do wonders for your home's curb appeal. If your existing roof is stained or discolored, installing a new one will instantly make your home look cleaner and more well-maintained - two factors that are sure to impress potential buyers.

Roof Warranty & Transfers

Another selling point of a new roof is the warranty that typically comes with it. Most roofing manufacturers offer warranties of 20-50 years on their products, meaning you can rest assured knowing your home is covered in case of any future problems. This peace of mind will no doubt be appealing to buyers, especially those who are looking for a turn-key property.

All major roofing manufacturers allow for roof warranty transfer to the new owner as long as some stipulations are met. Read our roof transfer article for more information on the process.

Increase Home Value

Replacing your roof is not an update or addition, it is considered a maintenance item in the eyes of the realtor. It will not add as much sales value as a kitchen or bathroom upgrade but it will still increase your homes value. According to Zillow, the national average increase in resale value from a new roof is $15,247. In some cases, a new roof may actually increase the value of your home beyond the cost of the installation. This is most likely to occur in areas where housing values are on the rise and there is a shortage of properties for sale.

What is the best type of roof for resale?

While there are a variety of roofing materials to choose from, asphalt and metal are two of the most popular options for homeowners looking to add resale value to their property.

Asphalt shingles are by far the most common type of roofing material in the United States, and for good reason - they're affordable, easy to install, and come in a variety of colors and styles to suit any home. Metal roofs are also becoming increasingly popular thanks to their durability, low maintenance requirements, and energy-efficient design.

When it comes to resale value, however, asphalt shingles tend to be the better option. According to Remodeling magazine's 2018 Cost vs. Value Report, a mid-range asphalt roof will recoup an average of 71.8% of its cost upon resale, while a high-end metal roof will only recoup 60.8%.

So, if you're looking for the best return on investment, asphalt shingles are the way to go. However, if you live in an area with severe weather conditions, a metal roof may be a better option in terms of both function and resale value.

Best roof color for resale value

While there are a variety of roofing colors to choose from, some are more popular than others when it comes to resale value.

According to the National Association of Realtors, black, dark gray, and charcoal roofs are the most popular color options for sellers looking to add value to their home. These colors tend to be associated with luxury and sophistication, which can help attract high-end buyers.

If you're not looking to make a major change, opting for a roof in a similar color to your home's exterior can also be a good option. This will help create a cohesive look that is sure to impress potential buyers.

Conclusion

Installing a new roof is a great way to add value to your home, especially if you're planning on selling in the near future. Not only will it increase curb appeal and make your home more appealing to potential buyers, but it will also give you a chance to negotiate a higher sale price.

If you're not sure whether or not to replace your roof before selling, consider talking to a real estate agent or home inspector to get their professional opinion. They'll be able to tell you if a new roof is necessary and, if so, what type of roofing material and color would be best for resale value.

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