Value For New Roof Selling

Because replacing a roof is considered home maintenance it does not directly increase its resale value but in a competitive market a new roof can be a huge advantage when prospective buyers are comparing your home to others in the neighborhood.

Value for new roof selling.

You will increase your resale value on your home if you add a new roof. And that can mean less time on the market and more money in your pocket. In general a new roof can add between 15 and 40 percent to the value of your home. Remodeling magazine says that from its survey regarding cost vs.

The same holds true regarding a new roof. This means that a 100 000 home can become a 140 000 property simply with the addition of a new modern roof. Value estimates the value of a new roof on your home can vary widely based on a number of factors. Between removal labor and materials this is about 3 50 to 5 per square foot.

Consumer reports reveals the best roofing shingles from its comprehensive tests including 3 tab architectural and multilayered architectural asphalt shingles. Value a new roof can increase your home s value by around 12 000. That works out to 68 percent of the investment. We ll give it to you straight homeowners will spend between 5 132 and 10 023 to replace a roof according to estimates by homeadvisor.

Yet other research has found that a new roof adds much more to the appraisal value. Value report for 2013 found that a midrange roofing replacement recouped an average of 62 9 of. Of course the exact amount of the replacement will depend on a number of different factors. That new roof will increase the home s value by 15 427 on average.

In general buyers recoup some but not all of the cost of a new roof. A new roof can increase home value but you might not see a 100 return on investment very few improvements if any offer a full recoup of money spent. But giving buyers who are on the fence the peace of mind that they won t have to make that costly repair anytime soon could spur them to make an offer. Remodeling magazine s cost vs.

But even if you don t see a huge financial return a new roof can make you more likely to get full asking price lower time on market and smoother negotiations.