Does a New Roof Increase Home Value?

When it comes to investments in your home, few are as significant as a new roof. Not only does it protect your home from the elements, but it also plays an important role in its overall value. If you’re thinking about selling your home within the near future, it just may pay off to invest in a roof installation. Let’s take a closer look at how exactly a new roof can boost your home’s value in New Jersey and Northeast Pennsylvania.

Financial Returns of a New Roof

Recent analyses, such as Remodeling’s 2019 Cost vs. Value Report, highlight that a new roof can indeed offer a reasonable return on investment (ROI). On average, homeowners may spend around $22,636 on a new roof. While this figure might seem daunting at first glance, it’s essential to consider the long-term benefits, including the ROI.

The ROI of a new roof installation varies, generally falling within the 60-70% range. Though this is not a full 100% return, the added value to the home is undeniable. For instance, replacing your roof with new asphalt shingles could increase your home’s value exponentially.

Beyond the Numbers: The Intangible Benefits

While the financial aspect of installing a new roof is important to consider, you must also acknowledge the intangible benefits of a roof replacement. A modern, durable roof can significantly enhance a home’s curb appeal, making it more attractive to potential buyers. It can also address any underlying issues, such as leaks or insulation problems, improving the home’s energy efficiency and comfort level.

The Real Estate Perspective

From a real estate standpoint, a new roof can be a powerful selling point. Properties with recently updated roofs tend to attract more interest and can command higher asking prices. This is especially true in competitive housing markets, where distinguishing features can make a significant difference.

A new roof also removes potential objections from buyers concerned about maintenance issues. It reassures them that they won’t have to face immediate repair costs, making the property more appealing and facilitating smoother transactions.

Making the Decision

Before making a decision to invest in a new roof to improve home value, homeowners should consider their long-term plans, the current condition of their roof, and the local real estate market dynamics. Consulting with professionals can provide valuable insights and help determine the best course of action.

For those contemplating this substantial home improvement project, it’s essential to partner with a reputable and experienced roofing contractor. Quality workmanship and materials are vital to maximizing the benefits of a new roof, both in terms of home value and overall satisfaction.

Consider Asphalt Shingles

If you’re thinking about replacing your roof, consider an asphalt shingle roof. Asphalt roofs are highly favored for their balance of affordability, durability, and visual appeal. They come in a variety of styles and colors, allowing homeowners to customize their homes’ appearance while ensuring protection against harsh weather conditions. You can trust that your new asphalt shingle roof will stand out in the market.

Trust Allabaugh Construction With Your Roofing Needs

If you’re considering improving your home’s value with a new roof, Allabaugh Construction is here to assist you. Our professionals in Mercer County, NJ, and Dallas, Mountain Top, Hanover Township, and Wilkes-Barre, PA, specialize in high-quality roof installations, including durable and visually appealing asphalt roofs. We will deliver results that not only meet but exceed your expectations. Schedule a service with us today and watch as your home is transformed!