Does A New Roof Increase Home Value?
A new roof is a great asset when selling your home and is appreciated by new buyers and they may be put off from putting in an offer if the roof needs replacing. Read on to learn more whether a new roof will increase the value of your home.
A roof at the end of its lifespan will decrease the value of your home and therefore is worth replacing. But it is hard to assess the total amount the new roof will increase the value of the home.
Home Value Increase?
The average US homeowner spends $22,636 on a new middle of the range asphalt shingle roof. The new roof will increase the home’s value an average of just over $15,000 working out to be 65 to 70% of the investment. However other studies suggest an increase of over 100% is possible. When considering this financial quandary, there are three things to consider.
- Existing Roof Conditions. Keeping your roof in fins condition is considered home maintenance. Homeowners will find it very off-putting if they discover a leak. Not only will they be concerned about the leak, but they will also wonder if the home has other maintenance issues. Roofs are the same in a buyer’s eyes. Most home buyers will expect the roof to be in good condition, and, if it’s not, they’ll be very reluctant to buy. Few have the energy and money to undergo major roof repairs once the home has been purchased.
Roof Repair in Mesa & Phoenix by Right Way Roofing, Inc.
If you live in Phoenix, Mesa, Scottsdale, Chandler, Tempe, Apache Junction or anywhere in the Phoenix valley and you have a damaged or leaking roof, Right Way Roofing can help. We can do the work finding the damaged area, recommend the most affordable repairs, and get the job done the Right Way. Roof repair is our business and we strive for the highest customer satisfaction by using the best materials and giving every job our full attention. Give us a call to get your roof repaired by calling 480-232-5458 (East Valley) or 602-299-8851 (West Valley). Learn more about roof repair cost in Phoenix.