Thinking of selling your home in the next few years? Here’s what you should know to increase your home’s value and curb appeal.

Prospective buyers face numerous expenses when purchasing a new home, including moving costs and redecorating in their preferred style. The last thing a potential buyer wants to deal with is the cost of a roof replacement.

The ROI roof replacement numbers

ROI roof replacement value:  You can expect to recoup around 70% of the cost of a new roof. 

As a general rule of thumb, there are a few other factors that can influence this number slightly higher or lower, like:

• The type of roofing material you pick. Replacement cost vs. return on investment: Asphalt shingles may offer the best balance.
• Premium materials, such as metal or slate, may have a slightly lower ROI but provide a significant selling advantage because they are among the best roofing for durability and longevity.
• The state of your housing market matters too. Strong housing markets may yield a higher ROI for a new roof. Likewise, areas with harsh weather conditions will also yield a higher ROI.
• Existing roof condition: If your roof is damaged or nearing the end of its life, a roof replacement can significantly increase your ROI.

When it comes to your return on investment, think of yourself as the buyer and what you would want, and follow these guidelines to make an informed decision.

New roof home value evaluation

To understand a new roof and home value, let’s look at how a new roof impacts your home’s appraisal numbers.

The appraiser will assess your roof’s condition based on its age, the type of material used, and its performance to determine a value.

How does a new roof add a positive impact to your home appraisal?

• Enhances curb appeal and first impressions, suggesting a well-maintained home.
• Reduces concerns about incurring a significant expense shortly after purchase.
• Increases energy efficiency, lending peace of mind regarding the expense of heating and cooling the home.

Always remember that while a new roof can boost your home’s appraisal, a roof in poor condition or needing replacement can significantly decrease your overall appraisal.

This can also become a point of contention in negotiations with your potential buyer that you can eliminate right from the start.

Buyer expectations

Setting yourself up for success to meet or exceed buyer expectations is worth the effort. 

Remember when deciding to replace your roof, for resale buyers will prioritize homes with a new or recently replaced roof because:

• Peace of mind that eliminates the need for a significant replacement bill.
• Curb appeal: A fresh, new roof makes the home more attractive in the listings and during in-person viewing.
• Enhanced energy efficiency is a significant advantage, resulting in lower utility bills.
• Having a roof warranty.

Southern National Roofing is here to guide you through the process! Schedule a free consultation today!