Does putting on a new roof increase
home value in Raleigh?
In general yes putting on a new roof will in fact increase the value of the property as well as the curb appeal for potential buyers. According to national data a new roof will increase your home’s value between $10,000 and $12,000 depending on the quality of the shingles that you install. This means that in most cases you will make 70%-80% of the money back from the roof installation when you go to sell the home (if you choose to sell). This is why many homeowners will install a new roof a year or two before they list the home for purchase. If an appraiser were to come to the home in the 2 scenarios (1 with an old roof and 1 with a new roof) it is obvious that they would pick the home with a new roof as being more valuable and give it a higher appraisal amount.
Having a new roof installed on your home will also increase the potential number of buyers that you have in comparison to listing the home with an old roof. In fact some loans such as the FHA loan will not allow first time homebuyers to get a home where the roof is in poor condition or needs to be replaced within a year after the purchase. When selling your home you want to attract as many buyers as possible so you can both get the price you want and sell it quickly. Having a new roof on the home when you sell it will also deter people that want to haggle or flip the home for a profit.
Like mentioned before, the type of roofing materials will affect the value added to the home. Generally speaking a premium metal roof will cost more to install but can last for 80+ years thus adding much more value to the home and increased incentive for the potential buyer. While a traditional asphalt shingle roof will last about 20-30 years. While the asphalt shingle roof still adds value the amount won't be as much as a metal roof. The color of the new roof can also play a role in the new value of the home and increase the curb appeal too. If you need a dependable roofing contractor in Raleigh then be sure to give us a call today! We do commercial and residential roof replacements near Raleigh all the time. We guarantee that you will be satisfied with not only the pricing but the quality of work which we provide for our customers.
Having a new roof installed on your home will also increase the potential number of buyers that you have in comparison to listing the home with an old roof. In fact some loans such as the FHA loan will not allow first time homebuyers to get a home where the roof is in poor condition or needs to be replaced within a year after the purchase. When selling your home you want to attract as many buyers as possible so you can both get the price you want and sell it quickly. Having a new roof on the home when you sell it will also deter people that want to haggle or flip the home for a profit.
Like mentioned before, the type of roofing materials will affect the value added to the home. Generally speaking a premium metal roof will cost more to install but can last for 80+ years thus adding much more value to the home and increased incentive for the potential buyer. While a traditional asphalt shingle roof will last about 20-30 years. While the asphalt shingle roof still adds value the amount won't be as much as a metal roof. The color of the new roof can also play a role in the new value of the home and increase the curb appeal too. If you need a dependable roofing contractor in Raleigh then be sure to give us a call today! We do commercial and residential roof replacements near Raleigh all the time. We guarantee that you will be satisfied with not only the pricing but the quality of work which we provide for our customers.