How Much Does House Value Drop With Roof

There s no doubt that many real estate agents value a new roof as an effective selling tool.

How much does house value drop with roof.

A roof replacement is expensive so make sure you really do need a new roof. But giving buyers who are on the fence the peace of mind that they won t have to make that costly repair anytime soon could spur them to make an offer. Replacing a roof past its average life expectancy of 30 years is considered a maintenance issue and won t necessarily enable you to up your asking price. A house sitting there at 250 000 with a brand new roof is going to bring more value than the house sitting next door that s the same floor plan with a 15 year old roof russell added.

The first thing you need to figure out is exactly how much your new roof will cost. How much a metal roof boosts home value imagine that a home needed three roofing jobs over a 50 year span of ownership with each repair costing around 10 000. The same holds true regarding a new roof. Perhaps a new roof won t boost your home value too much but could it still help you sell your home.

Before you make a decision bring in an expert to take a look and layout your options. Replacing a roof recovers 105 of its cost at resale according to nar. In fact according to the nari report 32 percent of realtors recently used a new roof to finalize a sale. Pump up the hvac.

A home with a metal roof would add the value of each of those prevented repair cycles to the home s value even if the initial installation cost is higher. A new roof will increase the value of any home but your return on investment will depend on a number of things.