A Seller’s Guide to Roofing: How Your Roof Impacts the Value of Your Property
A new roof is always a powerful marketing tool when you’re looking to sell your property. Not only do buyers naturally want to avoid the hassle of putting up a new roof, but most people also can’t afford to hire an asphalt shingle roofing company to install a new roof right after they’ve bought a home.
In previous articles, we listed the telltale signs of a failing roof and answered some common questions about roof replacement. Now, we’ll take a look at how your house’s roof affects its value in the real estate market. Read on to learn more.
Does a new roof add value to your home?
According to the National Association of the Remodeling Industry (NARI), a new asphalt shingle roof can provide a 109% return on investment, so you can potentially make a profit on your new roof. This is especially likely if the current conditions in the real estate market favor the seller more than usual, or if your property is located in an especially desirable location.
Keep in mind that a new roof also increases the overall appeal of your house. This helps you attract the right sort of buyer, which makes for an easy sale and a smooth transaction. If you’re lucky, you may even receive multiple offers, some of which may exceed your initial asking price.
Should I fix my roof before selling it?
It depends. In some provinces and states, you’re legally required to disclose any roof leaks or damage you knew about or should have reasonably known about prior to selling your property. If roof problems are extensive enough, you may even be legally prohibited from selling your home until you’ve addressed these issues.
If you’re unsure whether these regulations apply in your area or whether you’re allowed to sell your home in its current condition, don’t hesitate to reach out to a reputable roofing company and consult with the experts directly.
Other factors to consider include:
Many older roofing warranties only lasted 15-25 years or so. Nowadays, dependable roofing companies offer lifetime (50-year) warranties on their roofs. Even if you aren’t planning to sell your home just yet, having a comprehensive warranty already in place will be extremely attractive to prospective buyers.
A modern, professionally installed roof provides long-term savings by reducing the energy expenditures of your home, especially if it’s also equipped with solar panels. This will serve as a major selling point for energy-conscious property buyers.
Cheap shingles won’t do you any favors on the real estate market, and in most cases neither will the really high-end stuff as the cost of installation is usually too great to be worth it. Choosing high-quality asphalt shingles made by an established manufacturer such as Owens Corning usually offers the best return on investment.
Who provides reliable asphalt shingle roofing services in MD, VA & NJ?
Whether you’re planning to sell your property or stick around for many years to come, making sure the roof is in excellent condition will have an immensely positive effect on its energy efficiency, curb appeal, and overall functionality. That’s where Nu Look Home Design comes in.
As the premier roofing, doors, solar, window, siding, and gutters company in cities across Virginia, New Jersey, and Maryland, we’re the obvious choice for all your home improvement needs. Contact us today to speak with our experts on outfitting your home with a high-quality asphalt shingle roof.