A roof replacement can be a significant investment for homeowners, but it can also provide several benefits, including increasing home value. In this blog post, Bone Dry Roofing – Florida discusses why a new roof can increase home value and provide guidance on how much value a new roof can add and factors to consider before investing in one.
Reasons Why a New Roof Can Increase Home Value
One of the most apparent benefits of replacing your roof is that it can enhance your home’s curb appeal. A new roof can provide your property with an updated, modern look, making it more attractive to potential buyers. Additionally, replacing your old roof can improve energy efficiency by providing better insulation and reducing the need for heating and cooling. A new roof can also reduce maintenance costs by eliminating the need for frequent repairs and reducing the risk of water damage.
How Much Value Can a New Roof Add?
The cost of a roof replacement project depends on several factors, such as location, size, materials and labor costs. However, several studies have found that a new roof can add significant value to a home. For example, Remodeling Magazine’s 2021 Cost vs. Value report found that an asphalt roof replacement can add around $17,000 in value to a home, or about 60% of the replacement cost. So you may want to replace the roof before selling your home.
Factors to Consider Before Investing in a New Roof
Before investing in a new roof, several factors should be considered:
Determine your budget and ensure that a new roof is a financially viable option for your household.
Educate yourself on local regulations and building codes to ensure your new roof is up to standard.
Hire a qualified contractor with roof installation experience to ensure the installation process is done correctly.
Need a New Roof for Your Florida Home?
If you’re considering a new roof, rely on Bone Dry Roofing – Florida for professional roofing services. Call us at (941) 343-5622 to reach our Owens Corning Platinum Preferred Contractors. You can also complete our contact form to request a free inspection and estimate.