Can a New Roof Really Increase Your Home’s Value? - Interstate Roofing

Can a New Roof Really Increase Your Home’s Value?

Can a New Roof Really Increase Your Home’s Value?

Getting a new roof is sometimes a necessity. You might be struggling with old leaks and ventilation problems that just keep getting worse. On the other hand, you might simply want a change, since you renovated just about every other area of your home. Depending on why you want to replace your roof, innovative Colorado Springs roofing companies might tell you whether that option is better than a basic repair or not. However, there is one time when replacing an old, worn down roof will be absolutely required: when you’re selling your home.

people with cash from home sale

Selling a house is a great opportunity to land some extra cash. For example, if your home is worth about $300,000, even 3% more will leave you with a gain of almost $10k, which can really come in handy sometimes.

Installing a new roof, however, can be even more of a benefit. In some cases, it can allow you to increase your home value by up to $50,000. Depending on the quality of the roofing work, the durability and low-maintenance work required by the material used and the labor and material warranty you get, this is a possibility.

Moreover, even if your roof isn’t all that expensive to buy and install, it stands to reason that you could get a much better offer than someone who isn’t familiar with the local roofing community. As a result, your buyer would usually be a lot better off paying you a few extra thousand dollars, instead of paying a lot more to get the new roof installed, if you didn’t do it yourself.

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