If you’re like most homeowners, you’re always looking for ways to increase the value of your house. One way to do that is by installing a new roof and siding. But how much value can a new roof and siding add to your home? Well, this is something that many homeowners want to know.
Perhaps you’re thinking of selling your home shortly and you’re wondering how much a new roof and siding will increase your home’s value. Maybe you’re not thinking of selling your home, but you’re wanting to make some improvements and you’re wondering if a new roof and siding are worth the investment. Whatever your reasons, it’s important to know how much value a new roof and siding can actually add to your house.
To answer the question, most predictions suggest that a new roof will generate an ROI of between 60% and 65%. While this number might not tell much of a story in isolation, it gets more impressive when you consider that a new kitchen generates an ROI of 49% and a new bathroom of 48%. When people consider adding value to their homes, they immediately assume that a new kitchen or bathroom is best, but this isn’t the case.
How much value will new roofing add? Well, the exact number will depend on various factors.
Factors That Impact Value
Ultimately, the first factor is the quality of the materials you use. If you install high-quality roofing and siding, it will last longer and add more value to your home. For example, a metal roof will last much longer than an asphalt shingle roof and will add more value as a result. When buyers are considering a home, they will be more likely to pay more for a home with a metal roof because they know they won’t have to replace it as soon.
Next, the second factor is the roofing style. Different roofing styles can add different amounts of value to a home. For example, a roof with multiple levels or one that is very unique will generally add more value than a more simple roof.
Finally, the third factor is the location of your home. Homes in certain areas will appreciate at different rates than homes in other areas. For example, homes in the Northeast generally appreciate at a higher rate than homes in the Midwest. This is due to a variety of factors, including the cost of living in the Northeast and the fact that there are more job opportunities in the region.
Also, the location will impact weather, which then impacts roofing. For instance, a home in an area with frequent hurricanes will likely need a more durable roof than a home in an area with milder weather. On the other hand, a home in a desert region will need a roof that can withstand high temperatures and direct sunlight.
Repair vs Replacement
When attempting to add value to your home, it’s not always about replacement. Sometimes, all your home needs is a good repair; this is especially true when it comes to the roof and siding. For instance, a roof that is starting to show signs of wear and tear can be repaired rather than replaced. This can save you a lot of money, as a replacement is expensive. With carefree residential roof repair, you can be sure that your roof will last for many years to come without any issues.
Why not explore your options today?