Add Value To Your Home With A New Roof
As a homeowner, you love your house. You take pride in it and the work you perform to keep up with property maintenance. But just because you love your home, doesn’t mean it is where you will live forever. A time may come when you want to sell. Maybe that time is now. As you begin the selling process, turn your equity into cash and use it towards a down payment for your new home.
How do you build equity?
One way to build equity is to add value to your home through improvement projects. Some projects can be do-it-yourself. Upgrade appliances. Renovate your kitchen or bathroom. Knock down a wall to create an open floor plan. Add a fresh coat of paint. Other projects may require a professional’s assistance, like upgrading your water heater to a tankless model, removing popcorn ceilings, or replacing/resealing concrete.
But, if you want to seriously boost the value of your home, add a new roof.
How a new roof boosts your home value:
It’s a simple fact: a home with a new roof will always go for a better price than a home of equal size with a bad roof. A house is a major investment, and buyers want peace of mind when making a purchase. If you read our article “What to Look for in a Roof When Buying a Home“, then you know that buyers will inspect your roof for potential breaks and leaks, mold, damaged pipes and gutters, and general aesthetics. Don’t let a poor quality roof stop you from making the sale.
And if you’re worried about spending the money on a home you’re about to walk away from, don’t be. A 2015 Study showed that a roof replacement can provide 105% return on investment. That’s a lot of bang for your buck!
Buffalo’s weather can be very unpredictable, but you know that on average our summers are hot and winters are freezing. Good insulation prevents heat from escaping in the winter, and deflects the sun’s rays in the summer, keeping your house cooler. New roofs that are properly insulated not only reduce energy costs (saving buyers money on their heating and cooling bills) but decrease the amount of moisture in your home to prevent the formation of mold.
A new roof might not be the first thing a buyer notices, but if your roof shingles are warped or damaged, it will be. Aging roofs are a surefire sign of future problems such as leaks, ponding, blowing shingles, and more. Buyers don’t want to spend money on a home that is going to greatly cost them in the future. A new roof will add value to your home simply by boosting your curb appeal.