The state of your roof can either positively or negatively affect the value of your property. A roof that is in decent shape can keep the property value as-is. But, as time passes and deterioration starts, that value will slowly decrease. Just like a damaged or run-down roof can diminish its value, there are many ways in which good roofing can increase your property’s value.
From strong asphalt roof shingles to a functional gutter system that would lessen the likelihood of water damage, there are many ways to improve your roofing situation before the appraisal.
Professional appraisers will look at the exterior of your home in extreme detail. If the appraisers see that there’s still work to be done, the overall value of your home is usually reduced.
Roof improvements that will increase your property’s value
Now that we have discussed how good roofing can increase your property’s value let’s go through a list of things you can do for your roof that are sure to do so.
Keep in mind that your roof might need some of these improvements, and it might need all of them, but the point is still to turn a positive ROI. If you determine that your roof only needs a little patchwork here and there, there’s no need for an entire roof replacement.
Improve your roof’s protection from bad weather
Your roof is supposed to be your home’s first line of defense for its structural integrity. Leaks or breaks in the roof amid bad weather conditions does the exact opposite of that. Your first step towards good roofing is regular proper maintenance.
This is especially important during seasons with a lot of rain and wind, like the fall. However, there are also some other things you could do to increase your roof’s protection during those months.
From installing ice and water barriers to fixing existing holes and revamping the shingles, better roofing will protect your home from further damage, which would compromise its value. A good strong roof isn’t just going to attract buyers and increase the home’s value; it’s also going to preserve it.
Improve your roof’s security from pests
Pests such as roaches, raccoons, mice, and spiders are experts at climbing on top of the roof and finding even the smallest holes through which they can sneak in. An infestation can quickly spiral into property damage and several other complications that all decrease your home’s value. One of the most noticeable ways how good roofing can increase your property’s value is by preventing such a mess from occurring.
Improve your roof’s ventilation
The air quality and temperature of your home usually depend mainly on your roofing system. Today most roofs are made to optimize the property’s overall energy efficiency and insulated to lessen emissions. However, if you own a home on the older side or weren’t made with this kind of roof, you might want to consider investing in a replacement.
Aside from significantly boosting your home’s overall value, it will also save you money since regulating the temperature will require much less energy.
Improve the look of your roof for better curb appeal
Another major way how good roofing can increase your property’s value is that it helps upgrade your property’s appearance. Having a good-looking roof will help make sure that the first impression your future buyers get about your home is a good one. Increased curb appeal usually means that you’ll be able to attract more buyers and sell for a higher price.
Other ways how good roofing can increase your property’s value
Aside from these specific improvements, there are some attributes that every good quality roof has. These attributes are both great selling points and bring value to your roof.
Here are the three main things that come with good roofing, which will not only help you sell but also help you get more bang for your buck.
Lowered maintenance
This is a noticeable improvement that comes with a good-quality roofing system. A healthy mix of higher durability, better weather and pest protection, and more substantial ventilation all significantly lower the maintenance requirements of your roof.
Keep in mind that while it is true that, in the long run, a new, better roof will require lower maintenance, the process of the update will be pretty hands-on. For instance, you’ll have to decide whether you want to live in the house while the renovations are happening.
And you’ll have to choose whether or not you’ll be utilizing storage for your things. One of the main benefits of using storage is that it helps keep your things safe. However, it is an added expense, so you’ll have to be careful and make sure you pick the right size unit, so you don’t spend more than you have to.
Better home equity
A higher appraisal usually means better home equity since it is calculated by taking the pending amount you have on your mortgage away from the appraised value. Home equity loans can also be quite beneficial for homeowners. This way, you can use the cash to make other home improvements to your roof and the overall property.
Energy efficiency
We have briefly discussed how good roofing can increase your home’s energy efficiency. Providing better insulation and ventilation and protection from the elements during extreme weather conditions makes temperature regulation require much less energy than it would otherwise.
What to consider before doing a roof repair/replacement
All this talk about newer and better roofs might make you think that you need a full roof replacement right away. However, as we have previously stated, if you want to turn a positive ROI, you have to be smart about this. Let’s go through a few things you should consider when deciding how much you want to work on your roof.
- Consider the local housing market – If you’re planning a roof improvement project, you should first make sure whether it’s even possible to get an ROI when selling. If the houses in your local real estate market generally sell for lower prices investing in major renovations might not be worth it. In these cases, it may be better to just fix up any big issues and stop there. Experts from movesafari.com advise you to enlist the help of a local real estate agent or moving service provider to gain a better understanding of what the people who are moving to your area are looking for.
- Consider your budget – Budgeting is a tedious but extremely necessary task when it comes to roofing projects. Roof replacements and renovations are not cheap by any means. So, it’s important to carefully plan how much you can and will spend and how you’ll finance it.
- Consider the roof’s current condition – Your current roofing situation can significantly contribute to how the improvement projects will have to go down. The great idea is to hire a home inspector to inspect your roof beforehand. This way, you’ll know exactly what needs to be fixed or replaced.
To conclude
As you can see, there are plenty of ways in which good roofing can increase your property’s value. Like there are many ways lousy roofing can decrease it. If your goal is to get a high return on your investment, you have to be smart about what you will do and what you don’t want. As long as you follow these guidelines and work with professionals, you will surely be a winner.