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How Much Does an Old Roof Affect Home Value?

Is the roof on your home getting close to the end of its life? If you’re hoping to sell your home soon, you may be wondering if it’s wise to seek out a roof replacement. After all, you want to make your home as marketable as possible.

Keep reading to learn how much an old roof affects home value!

Roof Replacement Offers More Energy Efficiency

An old roof can let in cold air and rain. So, going with energy-efficient shingles is one way to enhance the attractiveness of your home — and cut down on utility payments. With shingles that reflect sunlight, you’ll see your air conditioning expenses improve.

And a new roof can protect your home from water damage and leaks. Better sealants and enhanced insulation mean that you’ll stay warmer during the winter months, too. Good residential roofers should be able to guide you to a choice that will keep your home protected.

An Old Roof Diminishes Curb Appeal

With an aging roof, you may have cracked or curling shingles and discoloration. All of this detracts from the beauty of your home. You could have the best landscaping on the block, but a crumbling roof will become the focal point.

Another big reason to invest in a new roof is to make your home attractive to buyers. Add some fresh paint to the shutters and mulch to the flower beds, you’ll be able to make the sale.

Your Home Appraisal May Be Lower

With an old roof, you may get a lower appraisal on your home during the selling process. Worse yet, a roof that is near the end of its lifespan could spell trouble during a home inspection. A buyer might make an offer contingent upon repairs or even a roof replacement.

You can avoid this hurdle in the selling process by getting a new roof before listing your home. You don’t need to spring for a tile roof if every house around you is going with cheaper asphalt shingles. Stay within the range of your neighbors — and advertise your roof’s newness in your listing description.

You would be wise to get a roof replacement if your roof only has about 3 years left. When in doubt, ask an expert for their perspective.

A New Roof Increases Home Value

Generally, a roof should add the amount you invest in it to the value of your home. A roof replacement can run up to $10,000 — or more. But it’s a long-term investment.

Traditional asphalt shingles can last over two decades — if properly installed. Potential buyers will like knowing that they don’t need to spend a big chunk of change right away.

Do What’s Best for Your Property Value

It may be tempting to keep an old roof, but you risk hurting property value and curb appeal. When you’re preparing to list your home, you want to do what you can to elevate your property value. You may need to invest in a roof replacement.

When you need more tips to help your home flourish, check back for new articles.

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