Are you planning to sell your home this year? If so, you know just how important it is to get the most value for your home. Most people immediately consider remodeling the kitchen or adding a new bathroom when thinking about impactful home improvements in Bloomington, MN. While these renovations are smart, replacing the roof may actually be a more effective upgrade when it comes to home value.
Replacing the roof lacks the flash of an interior remodel, but it’s an investment a potential homebuyer will certainly appreciate, as it shows the previous owner focused on safeguarding the structural integrity of the home. Let’s take a closer look at how replacing your roof can improve the resale value of your home.
Great curb appeal
First impressions matter when selling your home, and the roof is one of the most visible components of a property. It’s one of the first things a potential buyer will see when they pull into the driveway for a tour. Cracked, curled and missing shingles will certainly start the tour off on a sour note. One can’t help but wonder if the inside of the home is even worth looking at if the outside is in such poor condition. A new roof can boost the curb appeal significantly. Plus, it shows buyers you’ve put time, money and effort into keeping the property in great condition.
Higher resale value
Many homeowners are hesitant to install a new roof due to the high initial cost, but this is one investment that truly pays off. The best indicator is to look at how much of the installation cost can be recouped when the home is eventually sold. Installing a new roof passes this test, as it can increase the value of your home by an estimated $12,000. The return on investment of a new roof is actually higher than what you would expect when building a new bathroom or replacing the tile.
A homebuyer will appreciate a new roof because an extended warranty will provide them with extra protection and peace of mind for years to come. Most standard warranties for asphalt shingles cover at least 15 to 20 years. Higher quality shingles offer even more coverage for as long as 50 years! Knowing this protection exists could seal the deal for a homebuyer who is still on the fence.
Avoid building inspection surprises
The overall value of your home could be slashed if a building appraiser or inspector were to find a major flaw in the old roof. This unexpected surprise could stop a sale in its tracks. Replacing the old roof will ensure there’s no issues that could compromise the deal.
A new roof is a significant investment. It’s important to find a trustworthy and reliable contractor to complete this and other important home improvements in Bloomington, MN. A bad installation job can lead to decades of problems. To learn more about your roofing options, call the pros at Diamond Roofing, Remodeling & Roof Shampoo today!