Installing a new roof is a significant investment, and wise
homeowners want to know it’s worth it – especially if their planning to sell
their home in the next several years. The good news is that while a roof
doesn’t recoup its full investment,
it increases a home’s value by quite a bit, and a new roof certainly looks more
appealing to potential buyers.
Every year, the folks at Remodel Magazine conduct cost to value surveys and last year, they reported that a new roof increases a home’s value by more than $15,000, which is a significant decent return on your investment – up to 68% in some cases. There are several reasons for this.
A New Roof Helps
It looks better
We all like to think that looks don’t matter – but curb
appeal is proven to increase a home’s desirability and final market place.
While professional contractors and experienced
DIYers are able to look through a home’s shabbier state, most home
buyers are looking for turnkey purchases. While they may not mind replacing
carpeting, doing a kitchen remodel, or repainting the interior – they’re not as
excited by things like replacing an old
or poorly maintained roof.
So, it’s pretty amazing what a new roof and a new coat of
exterior paint can do to attract your future buyers – making them feel more confident about their
Your home is less likely to have or experience major structural problems
Did you know that roof leaks and moisture penetrations
account for about 40% of building issues? A new roof makes buyers feel better
about the unseen, structural components in the house – and gives them peace of
mind that they’ll be free from roof
leaks or shingle issues for at least a decade or more.
Greater energy efficiency with a new roof
Your roof will be more energy efficient by nature, but there is more to this reality than meets the eye. Even asphalt shingle roofs have improved their design to optimize energy efficiency, with certain brands or styles earning an ENERGY STAR® rating because they reflect the sun’s rays, minimizing solar heat gain.
When your professional roofing contractor replaces your
roof, he’s also going to be discussing other essential roofing issues with you
– such as installing moisture barriers, ensuring there is adequate
attic and roof insulation and ventilation, and repairing or
resealing any areas where old or new penetrations have left the roof
The appeal of a transferrable warranty
Your new roofing products come with attractive warranties,
and those are transferrable to the new buyers. It provides peace of mind
knowing that with routine
roofing maintenance, they may never have to replace the home’s roof
in their lifetime.
Keep in mind, though, that not all roofing materials come
with a transferrable warranty. If that aspect appeals to you, let your
roofing contractor know so you select from manufacturer’s or
products that will honor that level of commitment to their product(s).
A green light from the building inspector
There’s nothing worse than finding an eager buyer, only to have your house turn up with multiple red flags from the building inspector. As we mentioned above, a notable portion of more costly, structural issues in a home stem from roof and leak related water damage. Much of this will be noted and taken care of when the roof is replaced.
We recommend doing a cursory inspection on your own –
especially in attics and crawl spaces where leaks, mold, pest infestations,
etc., are more likely to exist without your knowing. Uncovering these before
the building inspector allows you to repair them before any homebuyers know the
Increase Your Home’s Curb Appeal
Is your roof old, outdated, or in serious need of repair? It may be time to replace it, knowing that in addition to your own comfort and energy-efficient savings, you’ll increase your home’s appeal and value for future buyers. Contact us here at Central Bay Roofing & Restoration, (510) 521-7334, for a free, inspection and estimate. We are known for our honest, high-quality, and reliable roof installation, repair, and maintenance.