6 Ways A New Roof Increases Your Home's Value

Over time, your roof goes through wear and tear and develops cracks, leaks, mold, and saggy spots. A damaged roof cannot effectively protect your house from the elements, and it reduces your property value. Read on to find out how a new roof boosts your home's value.

1. Enhance Curb Appeal

Your roof accounts for about 40% of your property's exterior, and an aging roof sticks out like a sore thumb in the neighborhood. If you want to put your home on the market, a gleaming roof is among the first things that buyers notice. A new roof impresses guests and passersby, even if you don't sell your home.

Depending on your preferred aesthetics, the roofing market has many materials and designs. Some advanced materials can even mimic expensive products, such as architectural shingles with the color and texture of rustic slate. The roof color can complement your gutters, trim, siding, and the front door for a unique aesthetic.

2. Increased Resale Value

A new roofing system is a significant investment, and you may hesitate to replace your aging system because of the costs involved. However, a new roof has an excellent return on investment, and you can expect to recoup an average of 62.9% of the installation costs through enhanced property value. Roof upgrades are more valuable than other popular home projects, including a luxurious master suite and backyard patio.

Buyers are attracted to new roofs because they save on costly repairs and replacements in the long run. If your home is in the market with similar properties in the neighborhood, a new roof may be the feature you need to stand out and sell faster. Your real estate agent can even use the roof to spark a bidding war and get you a higher buying price.

3. Decreased Inspection Issues

Buyers rely on inspection reports to make informed decisions while looking for a new home. Aging roofs are more likely to have red flags like leaks, mildew, and structural issues during an inspection, leading buyers to disqualify your house. A new roof guarantees a smooth inspection, encouraging buyers to compete for your property. 

4. Improved Technology

Roofing technology has come a long way, and new materials and methods offer better performance and cost savings. For instance, Energy Star-rated asphalt shingles reflect heat and reduce cooling costs in the summer. Cool roofs have become a popular way to respond to climate change and stay comfortable without spending too much on utility bills.

Flat roofing materials are trending as they are easier to maintain than traditional roofs. New materials like Thermoplastic Polyolefin (TPO) and Polyvinyl Chloride (PVC) have made flat roofs practical for residential properties as roofers previously used them primarily for commercial properties. Roof underlayment materials have also advanced over time, and modern roofers prefer synthetic products because they resist damage better than asphalt felts. 

Metal roofs have become popular in homes nationwide because they resist fire and reflect heat. If you want better energy savings, ask your roofer about solar roofing materials, which have a high upfront cost but pay for themselves with reduced energy costs in the long term. 

5. Extended Warranties

A new roof comes with a new warranty, but the length depends on the materials used. Standard asphalt shingles have warranties for 15 to 20 years, while the warranty for premium shingles can be 50 years or more. Most manufacturers allow a one-time warranty transfer, and you can use an extended warranty to attract home buyers.

6. Inhibited Property Damage

Roof issues don't always stay where you can't see them. Sometimes, leaks trickle into your home, damaging ceilings, walls, and foundations and causing mold and mildew problems. Pests can enter your home through cracks in your roof, cause costly property damage, and reduce home value. A new roof keeps these costly damages from happening to the rest of your house.

At Classic Remodeling, we customize roofing installations for every budget and give you the exterior of your dreams. Contact us today for your new roof.