Will a Roof Replacement Increase the Value of my Home?

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While it may not be as exciting as remodeling your kitchen with that backsplash you’ve always wanted, or building that man cave you’ve begged your wife for, one of the most fruitful home improvement projects you can perform is getting a roof replacement. You can admire the improved, modern appearance while appreciating the improved resale value that comes with it – that’s the beauty of a new roof.

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Should You Replace Your Roof?

To the untrained eye, it might be difficult to determine whether your roof needs replacing at all.  While Sherlock Holmes might be able to deduce that those little granules you encountered in your gutter were a result of deteriorating shingles, not all of us are that brilliant. To that end, the tell-tale signs of a roof that needs replacement are as follows:

  • Granules of shingles (sand-like beads) collecting in gutters
  • Damaged or missing shingles
  • Torn flashing
  • Sagging roof
  • Blistering or cracking paint on ceilings
  • Mold proliferation

 

Peace of mind is an invaluable feeling, and purchasing a roof replacement will help you achieve just that. Having a sturdy, durable and dependable roof can assure that the safety and protection of your family is attended to for up to fifty years, depending on the type of roof installed.  Drastically improving the visual aesthetic of your home and increasing its general curb appeal is an added bonus.

Value vs. Cost

You wouldn’t invest in a stock if you knew it would plummet, just like you wouldn’t try to start a beeper business in 2022 – some things just aren’t good investments. In that same light, if a roof replacement wasn’t beneficial to your bottom line (in this case by increasing the value of your home), you may not take it on… Fortunately, that’s not the case.

A new roof typically costs between $5,000 and $31,000 (depending on the size of the roof) or around $5.00 to $9.00 per square foot. According to a survey conducted by Remodeling Magazine, you can generally expect to recover around 60 percent of the cost of installation through an increase in home and appraisal values, making it one of the best investments you can make in your property.

Another way to get more bang for your buck, is to hire a vetted and reputable contractor – one who puts your needs and concerns foremost and communicates in a clear, concise manner. Ideally, you want to partner with a roofer that will understand and accommodate your financial constraints and homeowner goals, so they can provide a timeline and material types that are most suitable for your needs.

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Return on Investment

A home is a special investment that can be passed down through generations, or if the circumstances are right, be sold to better financially position your family for the future. Replacing your roof reinforces both homeowner benefits, by ensuring that the structural integrity of your home isn’t compromised and by increasing its monetary value.

Purchasing a new roof can ensure that the value of your home doesn’t decrease unexpectedly in the future and can remain a valued asset. According to Remodeling Magazine’, a new roof can increase the worth of your home by approximately $12,000. Whereas, neglecting to install a roof in a timely manner can result in structural damage, potential safety risks, reduction in curb appeal and ultimately lower home appraisal values.

A few things to avoid when getting a roof replacement are layering shingles (as they will increase the load on your roof) or installing roofing materials that don’t abide by the general aesthetic of the neighborhood. For example, if your neighborhood has predominantly modern architectural style shingles, you probably shouldn’t have cedar shake installed.

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Increased Benefits With Metal Roofing Systems

Choosing to go with a metal roof can increase value gained, by not needing replacement for fifty years while simultaneously reducing energy consumption. Additionally, according to Remodeling Magazine, a homeowner can expect to recoup up to $25,816 of the cost of a new metal roof through increased home value. Metal roofs are becoming an increasingly attractive option for homeowners looking to reduce roof maintenance costs, increase curb appeal, reduce their environmental footprint and profit from lower utility bills.

About Rapid Restore

Our mission at Rapid Restore is to provide a stress-free, refreshingly simple, world-class roof installation experience for our customers in Long Island, NY. We look forward to protecting you. With over 110+ 5 star reviews on Google, you can trust the expert roofing contractors at Rapid Restore to replace your roof on-time and within budget.

For a quick, no-obligation estimate on your next roofing project, fill out our estimate form!

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Picture of Joseph Elshazly
Joseph Elshazly
Joseph Elshazly is the President and Chief Marketing Officer of Rapid Restoration Group. "Skills are cheap, passion is priceless" is the motto he lives by.

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