Roof replacement is an important home improvement undertaking as it helps to cut the cost of cooling your home while improving its curb appeal. Furthermore, a new roof plays an essential role in increasing a home’s market value. Although it is not the first thing that will come to your mind when you are looking for ways to improve your home’s market value, roof replacement has a significant impact on a home’s value, especially on the market.
This article will discuss the kind of roof replacement home value you are likely to enjoy when you replace your roof before placing your home on the market.
Excellent Appearance Improvement
The first thing that potential buyers will see when they visit your home is the room. Therefore, your roof’s condition has the potential to attract more potential buyers or send them away. A roof with the new architectural-grade asphalt shingles will add an element of freshness to your home. It will also add color and style to your home’s exterior. Most home buyers will overlook an overgrown lawn or flower garden, but a damaged or worn-out roof is an absolute deal-breaker.
In the past, most asphalt shingle manufacturers used to offer15-20 years’ warranty. But today’s premium-quality asphalt shingles come with warranties that last for more than 50 years. So, by adding these modern asphalt shingles to your roof before placing the home on the market, you will increase your home’s value because buyers will be assured of enjoying free roof maintenance for many decades.
Avoid Inspection Issues
When you place your home on the market, its roof will be the most visible feature to potential buyers, property appraisers, and inspectors. If the roof is in bad condition, the inspectors might stop its sale before you even list it. But if it has a new roof, the appraisers and inspectors will give you a special report, which will encourage prospective buyers to have confidence in your home.
Avoid Any Point of Negotiation
If the house inspector detects faults with your roof during the inspection, potential buyers will use the defects as a negotiation point. This will force you to reduce the price or sell your home at a loss. So, if you do not want potential buyers to use the roof as a point of negotiation, replace it before placing the home on the market.