Will A Roof Renovation or Replacement Increase the Value of Your Home?
Do you need a roof repair or a replacement to sell your home for a profit? The decision isn't easy since many factors go into making the right choice.
But roof replacement improves the curb appeal of your property for potential buyers, increasing the value of your home. Your real estate agent will also tell you that new buyers are less likely to purchase a home with a roof that needs to be replaced since it is an expensive process.
However, roof renovation can be a daunting task, especially if you don't have a reliable roofing service to help you. So, make sure you find the right partners and do your diligence on materials, finishes, and prices.
Also, make sure that re-roofing is the right solution to your problem.
How to Know if You Need to Replace the Roof
The age of your roof is determined by the type of roof you have on your home. In most cases, if your roof is less than 25 years old, you may not need to replace it. However, the following are several warning indicators that your roof needs to be replaced:
1. Curled Shingles
Strong winds and exposure to prolonged heat result in your shingles being curled.
2. Loose Shingles
The failure of the adhesive used to secure the shingles to the roof is indicated by missing shingles. During a severe storm, loose shingles may fly off the roof, destroying adjacent homes and injuring passing pedestrians.
3. Damaged Valleys
Roof valleys allow water to drain from your roof. If they stop working, your roof will rot, and you will have water leakage inside your home.
How Much Does Roof Replacement Cost?
The average cost of replacing a roof on a home is $8,000. This price varies depending on size, products and supplies, layers, skylights, chimneys, plumbing pipes, and other components. It's essential to understand that you'll be charged on a "per square" basis when getting a quotation. A roofing square is defined as 100 square feet in these projects.
Labor costs per 100 square feet vary from $150 to $300. You should also examine additional issues that could increase the cost of rebuilding the roof, such as the level of roof damage caused by significant rotting beneath the shingles.
If your property is located in harsh weather setting such as severe heat or cold. Weather conditions can also raise your cost since your contractor may need to bring in protective gear to protect their staff.
Can a Roof Replacement Add Value to Your Home?
Yes. The exterior of your property is the first thing a potential buyer will see, and your roof plays a vital role in that first impression.
A new roof can be costly, but a roof in poor condition can result in fewer offers since buyers prefer to buy a property that's ready to move in. This way, they don't have to waste time and money replacing the roof. Other downsides of failing to repair your roof before selling or reselling your house include lower offers and a longer selling process.
Installing a new roof might have a tremendous resale value. According to sources, the resale of a replacement roof can return 75% or more of the initial expenditure. Some property owners can recoup 100% or more of the cost of a new roof through a higher sale price.
A Roof Replacement is a Wise Decision
Roof renovation is a significant financial investment, but it is also vital for your family's safety and will increase potential earnings from flipping the house.
However, instead of attempting to replace the roof on your own, hire a professional roofing contractor such as Integrity Roofing & Restoration of NC who can do it faster and more safely.
The cost of roof renovation is determined by the size of your home and the roofing material you select. To save money, you can choose a low-cost roofing material like asphalt shingles to minimize labor and installation expenses.