How To Analyze Return On Investment On Roof Replacement:
When preparing to sell your home, you may be thinking about whether or not to replace your roof. This especially is the case if your roof is old. Replacing your roof will certainly give your house more curb appeal, but will you get your money back when you go to sell your house? Here are a couple things to think about to know what kind of return on investment you will get.
Replacing an old roof when you are selling can actually improve structural integrity of the home. This is money you otherwise would have lost when a potential buyer had an inspection done.
If you have new insulation installed with a new roof, it will lower energy costs for you while you are still living in your home and for the prospective buyer. This could potentially be a selling point that could get you a little extra money.
The final thing that will affect return on investment is the cost of the new roof. A new standard asphalt shingle roof will give you more curb appeal and will be more trustworthy for a buyer, which could be incentive for them to pay more. However, too expensive of a roofing system can have an adverse effect. A homeowner may not recoup the expense if they install, for example, a tile roof.
On average, a homeowner can expect to receive 60% return on investment on a roof replacement. For a more precise number, contact a roofing professional to get an estimate.
If you have any questions for us, feel free to give us a call at (918) 404-5996.