Many real estate experts say that a new roof adds little, if any, to the physical value of a home. It does, however, add to a home’s “perceived” value, since it tells potential buyers that they won’t have to worry about roof repairs anytime soon. So even if a new roof installed by proficient Northern Virginia roofing contractors like Roof Masters won’t help your property command a higher price, it does come with other ideal benefits, as indicated in an eHow.com article.
Faster sale
Major roof repairs cost several thousand dollars, time, and a bit of a hassle, so a new roof will look good to any buyer. Aside from saving them from the potential costs of repair, it assures them that they won’t have any huge issues with the roof. What they can save from the repairs, financial or otherwise, may convince them that your house is a solid purchase, and, thus, snap it up immediately.
Better curb appeal
Any realtor worth his grain of salt will tell you that the value of a home is driven by curb appeal. A new roof adds curb appeal because, for one, it won’t make the house look weathered like an old roof would. Even if your home is decades old, a new roof will instantly make the whole property appear fresher.
Cleaner environment
Energy-efficient roofing materials are known to reflect the sun’s rays better than their traditional counterparts. Besides energy efficiency, many roofing products today are made from recycled materials and other sustainable sources. Some of the environmental benefits of a new roof can help steer homeowners toward a greener future.
Better appraisal
If you’re applying for a new mortgage, know that the dollar value the appraiser puts on his report is what mortgage banks will use for its approval process. You want the overall impression that your property is in really good condition, and a new roof can help achieve that. Sometimes, appraisers will tell a homeowner to replace the roof if it appears to be not up to their standards.
Conclusion
While a new roof may not add definitive value to a home, the better perceived value it offers, i.e., the attractiveness and peace of mind it exudes to potential buyers, makes it worth the expense. Have your roof inspected and repaired by competent Silver Spring, MD roofing contractors like Roof Masters before putting your home in the market.
