Does a New Roof Increase Home Value?
The cost of adding a new roof to your home, especially if you are trying to sell your home, can be quite daunting. When compared with the return of investment though, and the potential hidden savings associated with a new roof, the benefits far outweigh the price.
Roofing shingles have come a long way in design, efficiency, and curb appeal. Asphalt shingles remain to be the most popular choice due to their durability and multitude of options. Additionally, new asphalt shingles come in a variety of colors and textures adding loads of curb appeal. It is even possible to install asphalt shingles that mimic the look of a slate roof.
By replacing your roof, you will be able to significantly boost the efficiency of heating and cooling your home. A new roof will repair any holes that have developed in your old roof that may have been allowing cold air to enter and exit your home through the roof. Many shingles come with an Energy Star rating because of their reflective properties to bounce solar heat away from your home. Now they even have solar shingles available. These capture the solar energy of the sun radiating down on the roof and transform it into useable energy throughout your house.
Return on Investment
For homes in the United States that have replaced the roof, the average value added to the home is about $12,000. Compared to the cost associated with replacing the roof, this comes to about a 62.9% return on investment. Further, by adding a new roof, your home is benefiting from some additional curb appeal when selling your home. Perspective buyers flipping through hundreds of other homes for sale on the internet will surely notice a new roof, especially when compared to an old roof in need of repairs.
If you are looking for a skilled contractor to perform any roofing services your roof needs, contact Rashid Construction today!