Does a New Roof Increase Home Value? There is no doubt that a new roof looks great to a potential buyer. When homeowners present their house to someone who is there to buy, they always do their best to make their house look clean and tidy. This also includes the roof. The potential buyers always appreciate it if the roof is new, and it saves their hassle of getting a new one.
Usually, many new home buyers do not have extra money, and if they get a house with a new roof, they will be more than happy. But the main point does this new roof adds value to your home.
How Replacing the Roof Increase Value?
If the current roof on your house is old and damaged, it will definitely make the purchasing value fall of your house. It would become difficult for you to sell the house on time at the right price. Usually, many home buyers are not interested in getting such a house that requires complete renovation as it will cost them more.
So, it is always a good idea to replace or repair the time on time before getting your house listed on the selling list. Always follow the following points when you think of replacing the roof of your home.
- If the roof is doing perfectly fine, which means it does not have any sign of leakage or any sign of damage, which will make it compulsory to be changed, you can determine whether you want it to be replaced.
- If the roof visibly damages, such as missing shingles, staining, scratches or leakage points, you can get a roofing contractor to get the inspection done to change it in time before putting it on the selling list.
How to Maximize your ROI on a New Roof?
If you have decided that you will be changing or replacing your roof before getting the house enlisted in the seller’s list, you need to do few things to enhance the ROI.
Get the replacement done Professionally
It all depends on the quality of the work done on the roof and how much it will increase the value of the house. This is not a DIY project which you can do with your family; instead, it is professional work that is done by professionals only.
You might save some labor money while doing the work on your own, but perfection will be missing from it. Installing the roofs correctly is a great task, and the roof experts should do it.
Don’t Layer the Shingles
A proper roof replacement starts from the stripping down of the roof to its foundation. You cannot simply put a layer over the new shingles –new on old ones- because if you are thinking of increasing the ROI of your home, a complete roof needs to be replaced.
The process is cheaper and faster, and it can shorten the lifespan of a new roof up to 40 percent by trapping heat and adding unnecessary weight to your roof. If you would place the new one on the old one, the roof inspector can catch it instantly, and it will decrease the value of your home.
Use Good Materials
The materials are chosen for the roof replacement or upgrade greatly impact the added value of the new roofs. For example, metal roofs are expensive than asphalt shingles, but they are also more durable and have a longer lifespan. Moreover, they are also more attractive.
Keep up with Roof Maintenance
After the replacement of the roof, whether you are an old owner or the new, you must maintain the roof. A new roof will only provide you with better ROI if it is maintained better regularly.
When it comes to selling your Mississippi home or land, call reach out to Mississippi Landsource or our partner Doug Rushing Realty for all the help you need.