May 8, 2024
You’re standing outside your home, staring up at your old roof – which has certainly seen better days – and you can’t help but wonder if replacing it is worth the effort and expense.
Could a new roof really add value to your home? More importantly, how much value does a new roof add?
A new roof is a great selling point if you’re looking to put your house on the market. As your real estate agent will tell you, buyers love the idea of a new roof because it saves them the hassle of replacing it right after they’ve bought the house.
The numbers back this up. A study by the National Association of Realtors found that 33% of realtors have suggested sellers complete a roof upgrade before attempting to sell. Nearly 20% said a new roof directly helped them complete a sale.
Ready to learn more?
Let’s dive into why upgrading your roofing in Reno NV is one of the best investments you can make for your home.
Your roof plays a big role in your curb appeal, which is how your home looks from the street. It’s your first chance to make a strong impression on potential buyers.
Buyers develop faster emotional connections with homes that impress them right from the driveway. Some might even decide not to explore a house further if they don’t find the exterior appealing.
Many house hunters will also see the condition of your roof as a reflection of the overall energy you’ve put into maintaining your home. A new roof lets them know that you’ve taken good care of the rest of the place, which can translate to stronger buyer confidence and possibly higher offers.
What’s more, you can match your new roof with your home’s exterior style and landscaping to create a cohesive, attractive look. This can make your home even more appealing and help it sell for a better price if/when you decide to sell.
A brand-new roof can certainly raise the value of your home, although it's best to have realistic expectations about the return on investment (ROI). Typically, the ROI for a new roof ranges between 60 to 70 percent.
According to the 2023 Cost vs. Value Report, the ROI percentage on a new asphalt shingle roof is about 61.1 percent.
Now, this figure can fluctuate based on several factors, including:
The value added by a new roof can depend heavily on your local real estate market trends. For example, in areas where buyers expect homes to be move-in ready, a new roof might significantly increase the home’s selling price compared to markets where buyers are prepared to take on renovations.
The worse the condition of your current roof, the more value a new one could potentially add. A damaged or aging roof can turn off buyers who might not want to handle immediate major repairs.
The materials and craftsmanship of your new roof can also affect the ROI. High-quality, eco-friendly materials – like asphalt, clay tiles, or metal roofing – can attract buyers interested in sustainability and lower utility costs.
To pin down what a new roof could mean for your home’s value, consider speaking to a local real estate agent. They can provide insights into what upgrades are making waves in your neighborhood. You can also check out resources from the National Association of Realtors or home improvement websites for some DIY estimation tools.
Upgrading to a new roof does more than just bump up your home’s price tag - it can also bring you peace of mind.
A new roof is more than just a quick fix — it’s a long-term investment. With the right approach, a roof replacement will pay off for years to come.
If you’ve talked to an expert and decided it’s in your best interest to get a roof replacement, here’s how to make it happen.
Dig into reviews and ask for references for your prospective roofing contractor. You want to make sure you're hiring someone reliable and does quality work.
Think about what roofing material will work best for your home and budget. From asphalt shingles to a metal roof to slate, each option has its pros and cons in terms of cost, durability, energy efficiency, and style.
As a leading Reno roofing company, Mountain Vista Roofing has helped countless homeowners safeguard their homes with high-quality roof installations and repairs. Our experienced team provides tailored solutions to meet your unique needs and preferences. Let’s talk about your roof replacement and find the best solution.
Bottom line: does a new roof add value to your home?
Absolutely!
If you’re on the fence about replacing your older roof, we hope this post has given you the insight you need to make a decision. Consider how much easier it will be to sell your home when you have a shiny new roof over your head. Your future self will thank you!
Ready to upgrade your roof with confidence? Get sound roofing solutions with Mountain Vista Roofing. Call us to schedule your consultation and see how a new roof can transform your home. We manage everything including roof repair, maintenance, and new roof installation.
