Connection between Roof and Home Value

There are a few things to consider to fully grasp the magnitude of the roof’s impact on your home’s resale value. When you think about all your roof provides for you, you can see why it has such a significant effect on your home’s worth. The insulation of your home depends largely on its roof. In turn, this improves your ability to manage your home’s energy efficiency and reduces your monthly utility bills. The weather elements, including rain, hail, sleet, wind, snow, and more, are kept out by your roof. Regardless of the weather or other circumstances outside, you and your loved ones will be protected within.

The appearance of your home from the street is also affected by your roof if purchased from reputable roofing chinatown philadelphia roofers. Even if a house’s frame and interior are stunning, no one will pay any attention to it if its roof is deteriorating and falling apart. If you’re thinking about selling, this presents a major obstacle. Having any form of home inspection done is also hard. You might be surprised to learn that the condition of your roof is a major element in establishing your home’s market worth.

Depending on the age of your current roof and the quality of the new materials you are getting from roofing chinatown philadelphia roofers, you can expect a return on investment (ROI) of roughly 60% to 68%.1 Even though you won’t obtain a perfect return on investment (ROI), it’s still worth looking into. Across the country, the average return on investment for a new roof is $12,000.2 This is preferable to many other remodeling plans and even certain home expansions.

How does Roof Increase Home Value?

The findings of studies on the increase in property value due to a new roof have been inconsistent. One analysis suggests that a new roof is a worthwhile investment. According to the 2019 Cost vs. Value Report from Remodelling, a new asphalt shingle roof of moderate grade costs American homeowners an average of $22,636. The average gain in value due to a new roof is $15,427. To put it another way, 68% of the capital is returned.

However, other studies have shown that a new roof adds far more to the property’s worth. According to research by the National Association of the Remodelling Industry (NARI), a new roof from roofing chinatown philadelphia roofers can net a homeowner a return of 109 percent.

To get the best value of your home and make it look good and secure, contact roofing chinatown philadelphia roofers to get the right material based on your requirements.