Roof replacement may not be the first thing that comes to mind for homeowners who are aiming to improve their home’s resale value. Kitchen and bathroom remodels are more commonly associated with increasing home value. However, new research has shown that a roof replacement can significantly improve your home’s value. ImproveIT! of Atlanta, a top roofing company, shares more here.
How Much Value Does a Roof Replacement Bring?
According to the Remodeling Magazine’s 2019 Cost vs. Value report, the average American homeowner spends around $22,000 for quality asphalt shingles. This could increase their home’s value by around $15,000, which is around 65% of the original investment. Different roofing materials have different values, but, nevertheless, a new roofing system will improve a home’s resale value. On average, the National Association of the Remodeling Industry (NARI) states that a roof replacement can provide a 109% return on your investment.
Factors to Remember
A roof replacement is a great investment. However, there are some things to consider if you want significant returns on your roof replacement:
- Roof’s Condition and Age. If you have a five-year old roof, then it should still be in good condition, as long as it has been maintained regularly. You won’t see a significant return on your investment if you replace your roof at this point. If there is minor damage present on your roofing system, it’s better to have it repaired than replaced at this point.
- Quality of Shingles. Home renovations should ideally follow a theme, especially if you live in a homeowners association. Don’t invest in lavish roofing materials if you live in a starter house since your home’s value heavily depends on the neighborhood’s average value.
You get much more than a roofing company when you choose to work with the team at ImproveIT! of Atlanta. We’re a skilled roofing company that cares about the comfort and quality of your home. Our goal is to serve, so let our commitment to quality benefit your home by calling (770) 609-1197 to schedule a free roof inspection today. We serve clients in Alpharetta, Marietta and Sandy Springs, GA.