December 27, 2013
Increase Your Home’s Value with a New Roof
Homeowners often look to bathroom or kitchen remodeling projects to boost a home’s value, but a new roof is another viable option. The exterior of the home is the first thing buyers see as they pull up for an open house. Depending on the roof type and local real estate values, a new roof may increase a home’s value from 15 to 40 percent. Several factors influence this percentage, however, which should be considered as owners select materials and a contractor.
Roof materials are not relegated to basic brown or black hues. Take a look at alternative colors that match the overall exterior decor. Try green, red or orange as a roofing color. Making a home stand out increases the chances of a rapid sale at a desired price.
If a home is located in a more expensive real estate area, select high-end roofing materials, including ceramic or clay tiles. For most homes, owners select composite asphalt shingles. This budget-friendly material comes in several colors along with good durability for many years. Along with durability, these roofs have a long warranty that is a perk when selling the home. With the guarantee that the material is new and covered with a manufacturer’s warranty, a buyer has the
assurance of a sturdy rooftop.
If the new roof is installed by a quality contractor, it should have an insulating effect on the home. For example, the home remains cool in the summer and warm during the winter. Poorly constructed roofs allow drafts to whisk interior air away and cause high energy bills to compensate for the loss. Solar shingle materials are also available. Acting as miniature solar panels, contractors intersperse this roof material with regular shingle sections to lower energy bills with solar energy absorption.
The home’s overall style either draws buyers in or deflects them. Choose roof materials that have an interesting style, but with a timeless appearance. Bold angles and colors may turn some buyers off. Keep the contractor’s advertising sign handy for open houses. Stating that the roof is new with the associated contractor’s contact information, these small signs catch buyers’ eyes and remind them of the value topping the home.
Consider replacing the roof before listing a property. A clean and newly installed roof makes a statement before buyers open the door. It also reflects on the care of the entire structure, enticing buyers to place a bid immediately.