Will a New Roof Increase Home Value?

Understanding Home Value and Roofing

When it comes to selling your home, the condition of your roof can impact the resale value. Potential buyers tend to be attracted to homes that require minimal repairs, and a new or well-maintained roof can assure them that immediate, costly roof repairs or replacements won't be necessary. Meanwhile, a deteriorating roof can deter buyers due to the anticipated high expenses and hassles of fixing it.

Keep reading to learn more about preparing your roof for selling your home.

Signs That It's Time to Replace Your Roof Before Selling

Before deciding to put your home on the market, it's essential to evaluate the condition of your roof. Doing so can help you better assess whether your roof will impact your home's value and what potential issues might arise during the sale process.

Here are some signs that may indicate the need for a roof replacement:

  • Age of the Roof: The age of your roof is a primary factor. Most asphalt shingle roofs last about 20-25 years. If your roof is nearing this age, it might be time for a replacement.
  • Missing or Damaged Shingles: If you notice missing shingles or shingles that are curling, buckling, or damaged, it could be a sign that your roof is nearing the end of its life cycle.
  • Granule loss: If your roof's drainage system is filled with shingle granules, it's a sign that your shingles are wearing out.
  • Leaks and Water Damage: Check the inside of your home for signs of water damage, such as stains on the ceiling or walls. These could indicate a leaky roof.
  • Roof Sagging: A sagging roof is a serious issue that could indicate a structural problem.

Always consult with a professional roofing contractor, like Lyons Roofing, to assess the condition of your roof. They can provide a thorough inspection and recommend whether a repair or replacement is the most economical and beneficial solution for increasing your home's value.

The Roof Replacement Process

Replacing a roof is a significant step, but when handled by seasoned professionals, it can be a swift and stress-free experience. The average asphalt roof replacement on a residential home typically takes 1 to 3 days, depending on the size and complexity of the roof.

The roof replacement process typically includes the following:

  • Initial Inspection and Estimate
  • Choosing Materials
  • Removal of Old Roof
  • Installation of the New Roof
  • Cleanup and Final Inspection

Remember, a professional roofing contractor, such as Lyons Roofing, can help you navigate this process more easily. Their expertise and experience will ensure high-quality work and create a stress-free experience that leaves you with peace of mind as you prepare to sell your home.

Return on Investment for a New Roof

While the roof replacement cost might seem substantial, it's important to consider it as an investment. The return on investment (ROI) for a new roof can be quite significant, especially when it comes to selling your home. According to the 2023 Cost vs. Value Report, homeowners can expect to recoup 61% of the cost of a new asphalt roof. These figures, however, can vary depending on factors such as the roofing materials used, the location of the home, and the local real estate market.

While this does not represent a total return on your investment, the 61% return is significant, and new roofs have been shown to increase the sale value of a home. Additionally, the benefit of not deterring buyers cannot be understated when considering your return on investment for a new roof. Having a sound roof can also help smooth sale negotiations, helping the sale of your home go more quickly and smoothly.

If you have questions about installing a new roof in anticipation of selling your home, reach out to Lyons Roofing to discuss your options. We always provide honest guidance.