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Does Replacing Your Roof Increase Property Value?

The short answer is yes. Replacing your roof is likely to increase your property value. The exact number will depend on several factors, including the appraisal value, current market, roof condition, installation and material costs. 

Your roof is a crucial part of your home’s structure, and it greatly impacts your property’s appearance. It protects you, your family and your belongings from external conditions. If you’re interested in selling your house, potential buyers will consider the roof’s condition before purchasing. 

Investing in a new roof is one of the best upgrades to reap the highest return on investment (ROI). A brand-new and well-maintained roof will positively impact the buyer’s and realtor’s perception of your home’s value.

Understanding Property Value and Roof Replacements

According to the National Association of Realtors (NAR), 33% of realtors suggest owners replace their home’s roof if they’re looking to sell their property. Buyers will be interested in brand-new upgrades and the perks that come with them — warranties, increased curb appeal, less maintenance and fewer post-sale renovation needs. They know it will save them time, cost, energy and effort in the long run. 

Protect your roof’s value by prioritizing annual inspections, cleaning and maintenance to keep it in top condition. These preventative measures will help you maximize your investment, ensuring greater durability and longevity. You’ll thank yourself if you choose to sell your home in the near future.

Property appraisal and buyer perception directly influence market value. In the end, market value is the property’s price determined by how valuable the property is and how much a buyer is willing to pay. The average market value of a comparable home in similar conditions will help you competitively price your home. 

The Federal Housing Finance Agency(FHFA)reports that in 2024, Mid-Atlantic home prices increased in Maryland by 44.63% and in Virginia by 54.52% over the past five years. A new roof plus rising home values can help you reap the highest return. 

How a New Roof Impacts Property Appraisal

Replacing a roof will directly boost home value and appraisal for a few reasons:

• Insurance price: A new roof will impress both buyers and the insurance company. Some insurance providers may offer lower rates due to the quality of the roof, especially if it offers extra protection from severe weather conditions. 
• Local real estate market: In a very competitive market, a new roof is an excellent selling point to attract buyers.
• Roofing materials: The material’s origin, quality and consistency with the neighborhood will also impact the property appraisal.

Compared to other home renovation projects, a roof replacement provides a significant return on investment for homeowners. According to a study performed by The Journal of Light Construction (JLC) in the Maryland and Virginia area, the ROI of roof replacement depends on the roofing material you choose. Explore the replacement cost comparison below:

• Metal roofing: The average replacement cost for metal roofing is $47,483, and the ROI after the sale of your house is 52.6%.
• Asphalt shingles: Asphalt shingles cost homeowners an average of $29,581, and the return on investment is 48.1%.

After evaluating the market conditions, the roof investment you’re about to make, and the property appraisal, sit down with your realtor and decide how you can fully take advantage of a new roof.

Roofing Materials and Techniques

The roofing material you choose to invest in for your roof replacement will add value to your home and make a great argument when negotiating with potential buyers. 

There are different options in the market to choose from. In addition to considering the neighborhood look, the value market and your budget, you should also consider the local climate and maintenance costs. 

Roofing Materials

Roofing materials will impact the overall look of your house, market value and the buyer’s decision. Here’s a list of the different roofing materials you can choose from to elevate your property:

• Asphalt shingles: This option is common and cost-effective. They require minimum maintenance, are versatile, and protect against UV and harsh weather conditions. Their life span is 15 to 20 years, and you can choose from architectural and three-tab shingles. Asphalt roof shingles are often the best choice for your home. 
• Tile: Tile roofing can last up to 100 years. You can choose from clay tiles and concrete tiles for a classic and elegant look. This material tends to be expensive. 
• Metal: Metal roofs come in different styles, such as shingles and panels. It lasts up to 50 years, is energy-efficient and has a sleek look. You can choose from steel, aluminum or copper roofing. These types of roofs are resistant and great for preventing corrosion, though this option can come with higher costs.
• Natural slate: This material is fire- and impact-resistant. While natural slate can be beautiful and long-lasting, its installation can be quite complicated, expensive and challenging. 
• Wood: Wood adds a rustic look that appeals to many homeowners. However, it requires regular maintenance to avoid mold and pests and is not fire-resistant. It is usually made of pine, cedar or redwood. 
• Synthetic materials: Synthetic options often resemble natural materials. You can choose from synthetic slates and polymer roofing. Keep in mind this material tends to have high upfront costs and can trap moisture, leading to potential issues. 

Always work with a trusted and experienced roof replacement service provider to ensure the highest-quality results and greatest ROI.

Sustainable Roofing Options

If you’re looking for a cost-effective and sustainable roofing option, asphalt shingles can be a great choice. This material is recyclable and can be repurposed, reducing waste and the need for new materials.

Asphalt shingles also have a long life span, requiring less frequent replacement and ultimately benefiting the environment. This roofing choice can also help your home’s energy efficiency, reducing demand on your property’s heating and air conditioning systems. 

The techniques used in roof replacement will depend on the roof structure, shape, material and current condition. Proper installation will increase the roof’s life span, reducing maintenance time and costs. 

Increase Your Property Value With Roof-ER

Working with the experienced team of roofing contractors at Roof-ER is a great way to ensure your home is protected and boost your property’s overall value. 

At Roof-ER, we want you to get the most out of your home and real estate investment.  Our team will guide you through the process, answer all your questions and provide the best possible solution. Whether or not you’re looking to put your home on the market, a roof replacement is a highly advantageous home upgrade that benefits your wallet.

Are you ready to get started? Contact Roof-ER for a free inspection today!