How a New Roof Increases Home Value

New Roof Increase Home Value

Does a New Roof Increases Home Value?

Many homeowners want to know this important question. The simple answer is yes.

When roof repairs and maintenance are no longer feasible, it’s time to look at getting a new roof. A “new roof” is a major selling feature of a home (if you are putting your house on the market) and most importantly protects your investment from water ingress.

It’s All About the Curb Appeal.

A new roof instills confidence in the potential buyer knowing that the roof won’t need to be replaced for at least a couple of decades. By not installing a new roof when it’s time to re-roof, it would create a huge “turn off” for buyers because they are aware that a new roof is costly and inconvenient to have installed.

If you would like more information on interior designing or decorating, check out this company: Home Reworks located in Vancouver BC area. 

Can a New Roof Increase Home Value?

We would be happy to help you choose the best roofing option that fits your needs and budget. Our roofing expertise will guide you through the plethora of choices out there to ensure that you get the most out of your investment. 

When a roof does need to be replaced, potential buyers will either: 1) expect the asking price of the home to be significantly reduced or 2) expect a roof to be replaced before purchase (conditions). When you put on a new roof yourself (hire a reputable roofing contractor), you often save thousands.

Need a home inspection? Here is a Home and Property inspection company in the lower mainland (Vancouver BC area):

 

Cost Analysis of Replacing Your Roof

For example, say you list at $810,000 (let’s pretend you live in Vancouver area) and you list the house “as is” knowing everything in the house has been recently updated over the years EXCEPT the roof. The buyer offers $775,000 knowing that the roof needs to be replaced. That’s a difference of $35,000. If this same scenario were to occur with the roof replaced yourself, the reasonable buyer might offer $795,000,  assuming nothing else major in the home needs replacing. Why the potential $20,000 difference? I suggest two reasons: 1) Convenience, and 2) You are doing the work. This is why there are so many successful people that buy renovate and flip houses.

 

 

Get in touch with 604 Roofing Ltd.

Call 1-844-604-ROOF (7663) Toll Free.

Anthony PuaPresident of 604 Roofing Ltd.
Vancouver Roofing Company, Roofer, Roof companies,
604 Roofing is Featured on TrustedPros.ca
Vancouver Roofing Company, Roofer, Roof companies,
Vancouver Roofing Company