Investing in a new roofing system offers quite a few advantages. But is increased home value actually one of them?
Short Answer: It Depends
If you plan on selling your home in the near future, then having a new roof installed may add to its value and encourage a faster sale. As your real estate agent will likely tell you, potential buyers aren’t exactly keen on taking on a large renovation project (such as roof replacement) so soon after purchasing a home. That’s why it’s actually up to you to have that roof replaced before having your home listed. But whether or not the project will definitely add to your home’s value isn’t clear. You’ll need to consider a few essentials, including:
- Roof Condition
A new residential roofing system makes better sense when your existing one is already old and failing. For one thing, a new roof won’t turn away potential buyers, and those who still decided to check your home out won’t be asking for any discounts. On the other hand, if your existing roof is still in fairly good condition (and only has a few minor issues), then you can probably get away with just having it repaired.
- Shingle Quality
If you do decide to get a roof replacement, make sure to consider the quality of the shingles you’ve chosen. This ties into the type of neighborhood where you live. For example, if the neighborhood generally features starter homes, then it won’t make sense to pick premium-quality shingles because your home’s value won’t rise very much above your neighbor’s. But if you live somewhere more upscale, then shingles of a more expensive type may be expected.
- Market Conditions
General housing market conditions can affect just how much value can be added to your home via a roof replacement. You’ll need to check in with a local appraiser and a real estate agent to better understand the current market conditions you’re facing.
Give Us a Call Today
Whether you need high-quality new roof installation or professional roof repair, Pressure Point Roofing, Inc. has got you covered. We’ll make sure your project goes on smoothly through our proven, streamlined roofing process and certified team. Call us at (541) 772-1945, or fill out this contact form to schedule a roof evaluation. We proudly serve Central Point and other areas in Southern Oregon.