Does putting on a new roof increase home value in Fayetteville?
Yes, if you put a new roof on a home it will increase the property value and also increase the chances that the home is sold if you decide to list the property. According to national data across the county a new roof will likely increase the homes value between $9,000-$11,000 depending on the size of the home and type of roofing materials used on the property. This means that if you install a new roof on the home and then list the house for sale you will more than likely get your money back from the increase in property value due to the new roof. This is one reason why many homeowners selling their homes will put on a new roof several months to a year before they sell the home.
When you sell your home you will more than likely hire an appraiser company to come determine how much the property is worth, if there is a new roof within the last few years on the home they are going to give the home higher worth. This means more money in your pocket when you go to sell the home. If your roof is old and showing serious signs of aging the appraiser may determine the home is much less valuable.
Putting a new roof on the home will also increase the number of potential buyers you have inquiring about the property. In fact some lenders and programs such as the FHA loan (for first time home buyers) will not allow applicants to purchase a home where the roof is in poor condition or of a certain age. When you sell your home you want to present the offer to as many buyers as you can, this increases the chance of someone buying it for the amount you want and not having to lower the asking price.
Be sure to do some research into the different kinds of roping materials you can put on the home to increase the value the most. Different shingles and materials will give the home greater curb appeal and also bring more money into your pocket. For example a premium metal roof will cost more to install but can last for 80+ years thus adding much more value to the person buying the home (or living in the home currently). While a traditional asphalt shingle will last about 25-30 years it does not add as much value compared to premium roofing materials and higher grade composite shingles. There is nothing wrong with asphalt shingles, in fact they will probably be the best fit for your home in North Carolina. Color of shingles also plays a role in adding value to the home. Let’s say that you have a yellow roof but your home is red, it will not only look strange but it can also deter future buyers from wanting to live in the house. If you need a new roof installed be sure to contact our roofing contractors near Fayetteville, NC for the best quote around town. We guarantee all of our work and promise you will be satisfied with the results.
When you sell your home you will more than likely hire an appraiser company to come determine how much the property is worth, if there is a new roof within the last few years on the home they are going to give the home higher worth. This means more money in your pocket when you go to sell the home. If your roof is old and showing serious signs of aging the appraiser may determine the home is much less valuable.
Putting a new roof on the home will also increase the number of potential buyers you have inquiring about the property. In fact some lenders and programs such as the FHA loan (for first time home buyers) will not allow applicants to purchase a home where the roof is in poor condition or of a certain age. When you sell your home you want to present the offer to as many buyers as you can, this increases the chance of someone buying it for the amount you want and not having to lower the asking price.
Be sure to do some research into the different kinds of roping materials you can put on the home to increase the value the most. Different shingles and materials will give the home greater curb appeal and also bring more money into your pocket. For example a premium metal roof will cost more to install but can last for 80+ years thus adding much more value to the person buying the home (or living in the home currently). While a traditional asphalt shingle will last about 25-30 years it does not add as much value compared to premium roofing materials and higher grade composite shingles. There is nothing wrong with asphalt shingles, in fact they will probably be the best fit for your home in North Carolina. Color of shingles also plays a role in adding value to the home. Let’s say that you have a yellow roof but your home is red, it will not only look strange but it can also deter future buyers from wanting to live in the house. If you need a new roof installed be sure to contact our roofing contractors near Fayetteville, NC for the best quote around town. We guarantee all of our work and promise you will be satisfied with the results.