There are many ways a homeowner can increase the value of their home and property. Some ways include upgrading to energy-efficient appliances, finishing off a basement or unfinished space, or replacing the doors and windows. For the sake of this article, we will focus on one improvement a homeowner can explore. Let’s consider replacing the roof of your home.
A roof is an excellent option when upgrading! Let’s compare the difference between an asphalt roofing material and a metal roofing material. The home, for this comparison, is a 3,000-square-foot home, a rectangular hip roof, two regular-sized skylights, and a vented ridge. According to Remodeling Magazine, and their 2022 cost vs value report, here is the breakdown between two different roofing materials and the increase in value:
Asphalt – can increase in value by nearly $18,780. In other words, a new asphalt shingled roof represents a 59.6% return on investment. That is phenomenal!
Metal – can increase your home value by about $28,196. This is a great increase over an asphalt roof, but keep in mind, the cost of a metal roofing system is larger to begin with. The increased return on investment for this model is about 54.8%, according to the previously stated report.
Besides the return on investment, what are some other ways a home can increase in value through a new roof?
Don’t question the value of curb appeal! Consider the times you have driven up to a home and taken a glance at the property. Regardless of how careful you are, you still create a judgment based on what you see. You mentally document the style of the home, the lawn, the siding, the windows, and yes, the roof. A worn-out, falling-to-pieces roof can cause you to question what the interior of the home looks like. However, a new crisp and clean roof can impress passersby and create a visible reputation. A new roof is noticeable!
Helpful When Selling
To coincide with the above point, a potential buyer will notice the condition of the roof immediately, If the roof is in excellent condition, the home is already inviting. Roofs are expensive, and if it needs to be replaced, can cause the buyer to hesitate in moving forward with an offer. By the current homeowner making sure a strong secure roof is in place before going up for sale, the likelihood of a quick sale is improved.
As the years pass, the technology increases. A wise homeowner can now have Energy Star asphalt shingles installed which will reflect the sun’s heat and decrease cooling costs. Considering an upgraded fireproof material is an excellent consideration, as well as, opting for a “cool roof” to halt the heat from entering the home.
A warranty for a standard three-tab asphalt shingle roof can last 15 to 20 years. If the warranty is close to expiration, it may be wise to consider a premium asphalt shingle, with the latest technologies, and expect the warranty to last nearly 50 years. This option is worth considering for your security, and an attraction for a buyer, if need be.
Rival Roofing Company in Central Minnesota is here to help increase the value of your home when it comes to replacing your roofing system. We service the local community with exceptional workmanship, superior products, and excellent customer service. We strive to complete each job within budget and in an efficient manner. When it comes to trusting a reliable roofing contractor, look no further. Give us a call today and let’s discuss the vision you have for your roof, and increase the value of your home!