Your home is the largest asset you own – at least, that is true for most people. To make sure you are doing everything you can to protect that asset, you want to watch carefully for important maintenance points as the years go by. It is easy to take the health of your home for granted, but doing so can be a mistake.
One of the most important pieces of the puzzle when it comes to your home’s health is the roof. The roof is the first line of defense against the weather – especially with the variety of temperatures and elements here in central Maryland – and even just a couple minor leaks can lead to major problems. If there are any issues with the condition of your current roof, having a new roof installed may provide a big boost to the overall value of the property.
So, how can having a new roof on your home help you extract more value from this asset when it comes time to sell? Let’s take a look at some of the key points.
Great Return on Investment
It shouldn’t be a surprise to learn that a home with a new roof is going to sell for more than a similar home with an old roof. In the same way that a car with brand new tires is worth slightly more than a vehicle with worn out tires, a new roof is going to add value. But, of course, there is a cost to having the roof installed, so is it worth it in the end?
The statistics say yes. You are likely to recover more than 60% of the cost of your new roof when you go to sell the home. That is an impressive number, considering you will also be able to enjoy the benefits of the new roof for the period of time you remain in the home. And, the roof will do a good job of protecting the house, helping to maintain its value as time passes.
Add to Curb Appeal
Selling your home has a lot to do with curb appeal, as many buyers will rule out a property as soon as they drive up, if it is not visually appealing. Naturally, a home with a new roof is going to look nicer than one with an aging top. If you pick out a roof which blends nicely with the rest of the home, and the surrounding neighborhood, you can do yourself a big favor from a curb appeal perspective.
Steer Clear of Inspection Problems
You don’t want to have problems pop up during the inspection process when getting ready to sell your home. If you have secured a good offer and you are trying to close the deal, the last thing you want to deal with is unexpected inspection problems at the last moment. With a new roof, you are much less likely to run into such issues.
Is it necessary to install a new roof in order to sell your home? Of course not. It can, however, make the process much easier, and you’ll likely come away with better offers in the end.