How Replacing an Old Roof Increases the Home’s Value

Most of the time, you will notice that the roofs in your neighborhood are not in the best condition. This is also likely true for your home, but what are you supposed to do about it? Does replacing your roof increase the value of the house? Is a new roof safer? Can you alter the design aesthetic of your home with a replacement?

Take a look at these tips to learn why replacing an old roof is the best financial decision you can make. You are doing more than getting your money back. You can change the course of your financial future.

Improves Curb Appeal

When you’re working with an expert roofer, you are asking about shingles, design, and pricing. At the same time, you are also asking the roofer to make the house look nicer. You will instantly see a difference on the street after a replacement, and that new look will be reflected in estimates of the home’s value.

Critically, you can fundamentally alter the look of your home with a new, colorful roof. For example, you may go with a blue metal roof that makes your home look like it came from another era. You might choose shingles in offsetting colors to complement the color of the house. There are even different shingle designs and patterns that can alter the look of the property without the need for a complex remodel.

In every case, you are adding a “wow factor” to the property that it cannot get anywhere else.

Helps With Home Insurance

When you purchase homeowner’s insurance, you will be asked how old the roof is. When you replace the roof, you will likely pay less on that policy because the carrier believes that your home is much safer than the average homestead. At the end of the day, you will save money every month because your insurance premiums should drop.

Increases Valuation

When you have your home appraised, a new roof helps increase the price that you can get for the house. As a result, you will profit even more greatly than you would have before. Buyers value a new roof because they will not need to address the state of the roof in the near future.

Plus, there are newer products on the market that last longer than traditional shingles. As a result, you may get a much longer warranty on the roof, which will help keep the value of the home higher for much longer. The warranty is transferrable to any new owners who might purchase the home, and you get to charge a premium when you sell.

This also means that your insurance policy, as mentioned above, will be less expensive for a much longer period of time.

Replace Your Old Roof Today

Replacing your old roof does serve to increase the value of your home for all the reasons listed above. More than that, however, a new roof brings a new sense of pride to your homeownership experience. The house stands out. You can create new inspiration for your interior design, and you will protect your family from the elements much more effectively for many years to come.