Planning to Sell Your Home? Installing a New Roof Can Make a Difference!
Home sellers should consistently seek methods to enhance their home's value for prospective buyers. Amid the current buyers' market, there's ample opportunity to secure a higher preferred price. Home improvement endeavors offer a prime avenue to boost the eventual sale value. Yet, what precise impact does a new roof have on home value?
The Maine Coast Roofing team is here to dissect the augmented value of a new roof—ranging from elevating the home's sale price to expediting the closing process and beyond.
WHAT VALUE DOES INSTALLING A NEW ROOF BRING TO A HOME?
The extent to which a new roof enhances your home's value hinges on several factors, primarily the roofing material employed. On average, installing a fresh asphalt roof can potentially boost your home's worth by approximately $20,000. According to a Remodeling cost vs. value analysis, this figure averages just over $18,000, though reports have cited up to $22,000 in added value.
Opting for a new metal roof can yield even greater value, albeit at a higher initial cost. Typically, the increased value from installing a metal roof hovers around $30,000.
EXTRA ADVANTAGES TO SELLERS
When selling your home, the value extends beyond the monetary figure of the final sale price. A prolonged sales process can incur not just financial expenses but also emotional strain, leaving you and your family uncertain about your moving timeline. Here are some extra ways a new roof can aid you throughout the home sale process.
RECEIVE INCREASED OFFERS
When potential buyers are aware that a home has a new roof, it enhances the likelihood of them favoring your property and making an offer. Few new homebuyers desire the hassle of replacing a roof shortly after moving in. While they might consider submitting a lower offer, the prospect of needing a roof replacement can deter them from making an offer altogether. Therefore, replacing your roof can increase the number of offers on your home.
ACCELERATE YOUR HOME SALE
The greater the number and quality of offers you receive, the higher the likelihood of selling your home promptly. Installing a new roof increases the chances of receiving offers close to your asking price. With more offers, there's a greater probability that at least one will lead to a successful home sale. This enhances the predictability of your moving process and facilitates a quicker transition into your new home.
ENHANCE WORTH FOR YOU AND YOUR LOVED ONES!
Certainly, the significance of replacing your roof extends beyond merely increasing your home's sale price. A roof replacement offers numerous advantages, even if you don't intend to sell in the near future.
For instance, a newer roof typically entails easier repairs compared to an older one. Consequently, upon replacing your roof, you're likely to save money on future repairs compared to the maintenance costs associated with your current, aging roof.
Furthermore, new roofs offer enhanced reliability and better protection for your home. Older roofs may be prone to leaks during major storms, leading to damage to other parts of your home. This results in storm damage repairs extending beyond just the roof and incurring higher expenses. With increased protection against storms, a new roof presents value in the form of long-term savings for your family, alongside providing security and greater peace of mind.
INTERESTED IN ROOF REPLACEMENT? REACH OUT TO THE MAINE COAST ROOFING EXPERTS!
At Maine Coast Roofing, our expertise lies in constructing resilient roofs tailored for the mid-coast area of Maine, capable of withstanding harsh weather conditions and powerful storms. Whether you seek impact-resistant asphalt shingles, durable metal roofing, or expertly crafted tile roofing, our team of skilled and certified roofers is prepared to bring your dream roof to life.
Contact us today to commence the planning process for your roof replacement!
