Value For New Roof Selling

A new roof can increase home value but you might not see a 100 return on investment very few improvements if any offer a full recoup of money spent.

Value for new roof selling.

Asphalt shingles are on the low end of this while slate and tile on the higher end. Remodeling magazine says that from its survey regarding cost vs. This means that a 100 000 home can become a 140 000 property simply with the addition of a new modern roof. That new roof will increase the home s value by 15 427 on average.

Because replacing a roof is considered home maintenance it does not directly increase its resale value but in a competitive market a new roof can be a huge advantage when prospective buyers are comparing your home to others in the neighborhood. In general buyers recoup some but not all of the cost of a new roof. But even if you don t see a huge financial return a new roof can make you more likely to get full asking price lower time on market and smoother negotiations. The same holds true regarding a new roof.

Yet other research has found that a new roof adds much more to the appraisal value. Of course the exact amount of the replacement will depend on a number of different factors. Consumer reports reveals the best roofing shingles from its comprehensive tests including 3 tab architectural and multilayered architectural asphalt shingles. 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.

That works out to 68 percent of the investment. Between removal labor and materials this is about 3 50 to 5 per square foot. Nationally a new roof usually falls in the range of 6 600 to 9 000. And that can mean less time on the market and more money in your pocket.

Remodeling magazine s cost vs. Value report for 2013 found that a midrange roofing replacement recouped an average of 62 9 of. In general a new roof can add between 15 and 40 percent to the value of your home. Value estimates the value of a new roof on your home can vary widely based on a number of factors.

Value a new roof can increase your home s value by around 12 000.