Does a New Roof Increase Home Value? (2023 Update)

As a homeowner, home improvements are always a smart move. One renovation project that can significantly enhance both the functionality and aesthetic appeal of your home is a new roof. 

However, before calling a professional roofer to replace your current roof with a new one, it’s crucial to consider how much value a new roof adds. Does a new roof increase home value, or is it just another expense? 

In this article, we’ll take an in-depth look at the impact a new roof can have on your home’s value and what you need to know before making this investment. 

Whether you’re planning to sell your home soon or simply want to enhance your property’s worth, read on to discover if a new roof is the right choice.

If it is, contact a reliable roofer, but first, read along for our professional input.

How a New Roof Impacts Your Home’s Value

A new roof is a significant investment that provides many benefits. One of the primary benefits is its impact on your home’s value. Here are some of the ways a new roof can positively affect your property’s worth:

Enhanced Curb Appeal 

A new roof can instantly boost your home’s curb appeal and make it stand out from other homes in your neighborhood. A sagging roof not only threatens your safety but also decreases the aesthetic appeal of your home’s exterior. A beautiful and well-maintained roof can create a positive first impression for potential buyers and increase their interest in your property.

Improved Energy Efficiency 

A damaged or old roof can increase energy costs by allowing air leaks.  You can improve your home’s energy efficiency and potentially increase its value by installing a new roof. This is particularly true if you choose energy-efficient roofing materials such as metal, tile, or asphalt shingles that reflect heat and reduce cooling costs.

Increased Durability

A new roof can provide added protection to your home and withstand harsh weather conditions such as storms, high winds, and heavy rainfall. This durability can lower your repair and maintenance costs. It can also increase the value of your property as buyers are more likely to consider a home that requires fewer repairs and maintenance.

Higher Resale Value

A new roof can increase the resale value of your home, making it more attractive to potential buyers. According to the National Association of Realtors, a new roof can increase a home’s resale value by up to $12,000.

Longer Lifespan

It’s important to figure out how old your roof is when determining home value. A new roof can last up to 25-50 years, depending on the roofing material used. This longer lifespan can add significant value to your property and provide peace of mind to future buyers knowing they won’t have to replace the roof for many years.

Types of Roofing Materials To Consider

There are various types of roofing materials you can consider for your roof remodeling project. Each material has its unique properties and benefits. Here are some common roofing materials and their average home value addition:

• Asphalt Shingles: Asphalt shingles are a popular and cost-effective roofing option. They can last up to 20 years and come in various colors and styles. A new asphalt shingle roof can increase a home’s value by up to $12,000.
• Metal Roofing: Metal roofs are durable and can last up to 50 years. It’s also energy-efficient and can reduce heating and cooling costs. Metal roof replacement can increase a home’s value by up to $22,000.
• Tile Roofing: Tile roofing is fire-resistant and long-lasting, with a lifespan of up to 100 years. It’s also available in various colors and styles, making it a popular choice for homeowners. Tile roofing can increase a home’s value by up to $25,000.
• Slate Roofing: Slate roofing is one of the most durable and long-lasting roofing materials, with a lifespan of up to 150 years. It’s also fire-resistant and low-maintenance. Slate roofing can increase a home’s value by up to $32,000.
• Wood Shingles/Shakes: Wood shingles or shakes provide a natural and rustic look to a home’s exterior. They’re also energy-efficient and can reduce heating and cooling costs. Wood shingles/shakes can increase a home’s value by up to $14,000.

Note that the actual value increase can vary depending on various factors, such as the location, size, and style of the home, the quality of the roofing installation, and the condition of the previous roofing material. However, upgrading to a higher-quality and more durable roofing material can certainly add significant value to a home.

Does a New Roof Increase Home Value For Resale?

Replacing shingles or putting a new roof on a house before selling can be a wise decision for most homeowners. A new roof can enhance the appeal of the home’s exterior and increase resale value, making a homeowner more money. 

However, it may not be worth the investment for the average homeowner with a limited budget. It’s also not worthwhile for those in a slow real estate market where they may not recoup the cost of the investment in a full roof replacement. 

Ultimately, you should weigh the potential benefits against the cost of replacing your roof before deciding. Consulting with a real estate agent can also provide valuable insights and help you make an informed decision.

Does An Old Roof Affect Appraisal?

Yes, an old roof can affect the appraisal value of a home. Appraisers consider the condition of a home’s roof system when determining its value. An old or damaged roof can decrease the property value and may result in a lower appraisal. 

Appraisers may also consider the remaining lifespan of the roof and the potential cost of repairs or replacement when evaluating its impact on the property’s value. 

Conclusion: Increase Your Home’s Value With Trust Roofing

Replacing your existing roof is a fantastic investment for homeowners who want to increase the value of their homes. A new roof can enhance curb appeal, improve energy efficiency, increase durability, and provide a higher resale value. 

If you’re a homeowner considering a new roof installation, Trust Roofing is an excellent choice. With years of experience in the roofing industry, Trust Roofing offers reliable and high-quality roof replacement services that can significantly increase the value of your home. 

By choosing Trust Roofing, you can ensure a hassle-free and successful roofing installation that meets your unique needs and budget. So, if you want to invest in your home’s value and enjoy the benefits of a new roofing system, contact us today and schedule a consultation.