A new roof installation or renovation can greatly increase the home’s value and provide other benefits to the property’s structure. When homeowners are looking to sell their property, new roofs rarely come up in conversation for renovations. However, the impact of roofing is always undervalued. If you are wondering how new roof installation or renovation can increase your home’s value or if it’s a good investment. Here are all the answers:
Firstly, Let’s Understand The Role Of ROI
ROI, also known as return on investment, refers to how much homeowners expect to earn after their investments in selling their homes. Potentially if you invested more than 10,000 in your home, you add 5,000 to 6,000 to your home’s resale value.
Now, there are several factors that can affect your ROI for your home’s new roof. These can be as follows:
- Roofing material
- Local real estate market
- Sale Timing
- Quality of installation
- Home’s overall condition
- Curb appeal
Since a new roof saves them from having to replace or repair it, potential buyers see it as a huge advantage. Your house will look better on the market as a result.
Give Your Curb Appeal A Boost
Curb appeal attracts potential buyers, meaning it’s good, and a new roof can help boost it. A new roof can enhance the appearance of your home, while an unkept roof makes your house seem outdated and neglected. An aesthetically pleasant roof can add to its curb appeal, making a strong first impression. Recent trends have brought forward a variety of new colors, styles, and materials for roofs, such as:
- Gambrel Roof
- Flat Roof
- Metal Roofing
- Solar Roofing
- Sustainable Materials
- Green Roofs
- Custom Roof Designs
Sustainable And Energy Efficient
Aside from improving your home’s appearance, new roofing can also increase its energy efficiency. Proper insulation and ventilation can further boost your home’s market value. New roofs are designed to lower heating and cooling costs. You can go a step ahead and choose from a variety of sustainable roofing materials. These materials can help reduce your carbon footprint and even qualify for tax credits or rebates. In the end, investing in the new roof is a practical option as well.
The Competitiveness Of The Market
The real estate market can be extremely competitive, particularly in some places. In competitive markets, homes with modern features—like new roofs—perform better. In addition to improving the home’s visual and practical appeal, a new roof sets your house apart from other homes that might need urgent renovations by presenting it to potential buyers as a low-maintenance choice.
Learn The Best Advice From Professional Realtor Tom Gilliam at Homes 2 Move You
Realtor Tom Gilliam at Homes 2 Move You offers his skills in the vibrant Oakland County real estate market. You especially find him in communities like Farmington Hills, Novi, Northville, and West Bloomfield. His dedication to quality has earned him a solid reputation for providing exceptional service both inside and outside of these communities. Contact Realtor Tom Gilliam today!