From replacing worn carpet to repainting the siding to updating the landscaping, an endless list of tasks can improve your home’s value. Of course, certain tasks will increase the value of your home dramatically. Considering it not only provides you and your family with shelter but also completes the overall look of your home, a new roof can be a wise investment.
This guide and your contractor will help you learn how a new roof will increase the total value of your home.
1. Enhances Curb Appeal
Defined as the general attractiveness of a house, curb appeal is the first impression others have of your home. If others view your home as distressed or unappealing, it will not be as valuable.
To make a great first impression, focus on a few areas of your home. Although the landscaping is important, the exterior siding, windows, and doors also make up a large portion of the home’s curb appeal. The roof is also essential to your home’s curb appeal as it is one of the biggest things a viewer will see, and defects will be all but impossible to hide.
If you want homebuyers to get a good first impression of your home, a well-maintained roof is essential. If your roof is older, you may need to replace it — especially if your roof is 15 years of age or older, since this is about the time most roofing materials will start experiencing distress and decay.
2. Increases Resale Value
Friends, family, and passerby are not the only ones who will notice the home’s curb appeal. If you plan to sell your home in the near future, potential buyers will be more attracted to a home with a new roof that is appealing and in good condition. Therefore, a new roof can increase the resale value of your home.
On average, a new roof can offer you a return on your investment of between 67 and 68 percent. This ensures the investment will be worthwhile because you will be able to sell your home for a higher price.
Plus, you may be able to sell it faster, since buyers will be more interested in buying your home with a new roof over other similar homes that may require a roof repair.
3. Adds a Warranty
A new roof may mean a new warranty, which will also help increase the value of your home. The amount of protection and total time your roof will be covered will depend on a few factors, including the specific roofing material and its manufacturer.
In many cases, a shingle or manufacturer warranty will cover the roof for between 20 and 50 years. However, make sure you understand the warranty completely since the coverage may only include issues with the actual roofing materials.
By replacing your roof and receiving a new warranty, you will have some financial protection and peace of mind if issues do arise. Also, if you do decide to sell your home, potential buyers will be willing to pay more for a home with a warranty on the roof.
4. Conserves Energy
A new roof can also help improve your home’s energy efficiency, making your home more appealing and valuable. When designing your new roof, choose light-colored roofing materials to create a cool roof.
The lighter colors of a cool roof will reflect more than half of the sun’s heat rays. The more heat reflected, the less heat the roof will absorb. This helps your roof and your home stay cooler in the warmer seasons, reducing energy usage for air conditioning.
A metal roof may also be something to consider even though most people believe metal gets too hot. Metal roofs can be treated with reflective coatings, reflecting the sun’s heat and easing the costs of cooling the home in the summer.
A new roof is an investment, but it can be a valuable addition for your home. To get started with your new roofing project, contact Cloise & Mike Construction, Inc., today.