Are you thinking of selling your home and wondering what could help your resale value? For older homes, new roof installation is one of the best projects to boost your property value. Roofs are considered essential items on the house, and homebuyers love a roof in good condition. Did you know that a new asphalt shingle roof can increase your home’s value by as much as $12,000? Trying to sell a home with an old roof might result in bids much lower than your asking price.
New Roof Installation: Increased Home Value
Here are some ways a new roof helps increase the value of your home.
Appraisal and Building Inspection
Getting a home appraisal is the first step to putting your home on the market. A home appraisal will determine the appropriate listing price. Many factors go into your home’s appraisal process, but one that is often overlooked is the roof. Having a new shingle roof lowers the maintenance and cooling costs – an excellent selling feature. The new buyer will also love it because they know they won’t have to worry about replacing the roof for decades.
Energy-Star Rated Roof
To maximize your home’s value with a new roof replacement, choose an Energy Star-rated roof. These are specially designed to reflect solar heat limiting the heat transferred into the home’s attic and interior. With solar heat blocked from entering the house, summer cooling costs are significantly reduced.
If you want to sell your home quickly at the asking price, having curb appeal delivers. When most sellers hear curb appeal, they think of repainting, upgrading the landscaping, or installing new siding. However, the replacement roof adds curb appeal if you install a high-quality roof in an attractive color.
The standard roof warranty a few years ago was 15-20 years. Today, a roof warranty can be as long as 50 years. However, when installing a new roof for your home, ensure the warranty is for the roof’s expected life and is transferable to the new owner. Keep all the paperwork for your new roof replacement and notify the manufacturer or installer once you resell your home to ensure the warranty stays in place after you move.
Does your home need a new roof before it is placed on the market? Odyssey Contracting is ready to help. Let our professionals handle your new roof installation and watch that house sell quickly. Call us today at 919-916-5640, and you’ll have a new roof in no time.