New Roof Return on Investment
When it comes to roofers in Asheville and new installations, there are many factors to consider. Most of all you may be wondering if the investment is worth it, right? After all, a new roof can be pricey. But what if we told you that a new roof will instantly increase the value of your home? Naturally, a lot will depend on the installer you choose and the quality of installation you get, but it’s no secret what a difference a new roof can make to your property.
However, one thing is sure. A new roof offers a very generous return on investment while increasing your home’s overall value. So if you’re on the fence about whether or not to replace your roof, consider the potential ROI.
New Roof Installations ROI
A new roof may be just what your home needs to boost its curb appeal and sell faster (and for more money) when it comes time to list.
When taking into consideration all national averages, you can expect a return on investment of anywhere between 48-68%, depending on several factors such as your location, the materials used, the contractor you chose, and more.
Even though this means that you won’t get 100% ROI, when compared to many other large home improvement projects, new roof installations still make sense.
Increased Value To Your Home
A good way for any homeowner looking into replacing their outdated, damaged roof would be to calculate how much more valuable your property will make them when selling again later down this line – not just during construction time. A new roof increases resale value by around $12,000 based on national average data points. For many, the overall value of your home can be increased by up to 40% with the installation of a new roof.
Equally, this can fluctuate based, among other things, on your location.
Roof Replacement vs Roof Repair
When your roof is in need of an upgrade, it can be difficult to know what the best course of action should involve.
Here at Best Roofing WNC, we offer FREE estimates and advice on whether or not your roof should be replaced or repaired.
However, if you’re like most, you may not even consider getting a new roof if everything seems fine on top. This isn’t always the case as much will also depend on how well-maintained the structure was over the years.
Here are some basic factors to consider whether or not you need to go ahead with a new roof installation.
Damaged shingles – If you have damaged shingles from wind or tree branches, replacing individual tiles can be relatively inexpensive. Just make sure they match your existing roof.
Partial re-roofing – To repair a single layer of damaged roofing, you can do what’s called partial re-roofing. You can opt for a partial re-roof or just seal up the areas that need it most in some scenarios. Just keep in mind that your home’s roof can only take so many partial repairs until it affects the overall slope.
In some cases, it may be very obvious that your roof will need replacement. If replacement is your only option, then there are usually 2 options:
Tear-off: In a tear-off roof replacement, you can have your old shingle or tile replaced with new ones.
Roof-over: Instead of removing an old one from top-to-bottom like in traditional renovation projects; you can opt to put on another layer (without disrupting anything underneath). Cosmetically it will look exactly how originally planned with no exposure or alterations made externally visible at all.
Increases Longevity And Performance
Of course, how long your new roof lasts depends on the quality of workmanship and what materials they used during the installation.
Make sure you hire a professional who can deliver expert installation or at least provide you with quality repairs and improvements where needed.
New Shingle Technology
There have been advancements in roofing replacements. We’re now able to provide you with more attractive and durable shingles.
Newer shingles help cool your home. And replacing your shingles means any holes where cold air is seeping through are repaired.
Newer, high-grade shingles also carry great warranties. Your home value will increase when buyers realize those new shingles come with a warranty of up to 50 years.
And some shingles come with an Energy Star rating because they reflect solar heat. You can also consider having solar shingles installed.
Solar shingles are more attractive than solar panels while providing the same amount of energy.
Helps Avoid Inspection Issues
If you’re looking to sell your home, searching for ways to improve home value is a practical step. The one thing you don’t want to happen is to receive a poor inspection and have the buyer pull out at the last minute.
Your roof is one of the more visible features. You can’t hide a bad, leaking roof.
Especially not from appraisers, inspectors, or even your real estate agent.
A new roof can automatically increase the average home value in a neighborhood.
The longer you wait to install a new roof, the more likely it is you’ll pay a higher price. That’s because if there are any problems, they’ll continue to get worse.
If you’re still wondering how much value a new roof adds, contact us. We’ll give you a free estimate and answer any questions you still have.