There s no doubt that many real estate agents value a new roof as an effective selling tool.
How much does house value drop with roof.
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.
Before you make a decision bring in an expert to take a look and layout your options.
The same holds true regarding a new roof.
Pump up the hvac.
The first thing you need to figure out is exactly how much your new roof will cost.
A new roof will increase the value of any home but your return on investment will depend on a number of things.
Perhaps a new roof won t boost your home value too much but could it still help you sell your home.
A house sitting there at 250 000 with a brand new roof is going to bring more value than the house sitting next door that s the same floor plan with a 15 year old roof russell added.
How much a metal roof boosts home value imagine that a home needed three roofing jobs over a 50 year span of ownership with each repair costing around 10 000.
In fact according to the nari report 32 percent of realtors recently used a new roof to finalize a sale.
If you do decide to move forward you ll be in good company.
How much value does a new roof add.
Replacing a roof recovers 105 of its cost at resale according to nar.
A home with a metal roof would add the value of each of those prevented repair cycles to the home s value even if the initial installation cost is higher.