Value For New Roof Selling

In general buyers recoup some but not all of the cost of a new roof.

Value for new roof selling.

And that can mean less time on the market and more money in your pocket. Yet other research has found that a new roof adds much more to the appraisal value. In general a new roof can add between 15 and 40 percent to the value of your home. Value a new roof can increase your home s value by around 12 000.

Value report for 2013 found that a midrange roofing replacement recouped an average of 62 9 of. Replacing a roof past its average life expectancy of 30 years is considered a maintenance issue and won t necessarily enable you to up your asking price. Nationally a new roof usually falls in the range of 6 600 to 9 000. Because replacing a roof is considered home maintenance it does not directly increase its resale value but in a competitive market a new roof can be a huge advantage when prospective buyers are comparing your home to others in the neighborhood.

That new roof will increase the home s value by 15 427 on average. That works out to 68 percent of the investment. This means that a 100 000 home can become a 140 000 property simply with the addition of a new modern roof. Between removal labor and materials this is about 3 50 to 5 per square foot.

The same holds true regarding a new roof. Value estimates the value of a new roof on your home can vary widely based on a number of factors. A new roof can increase home value but you might not see a 100 return on investment very few improvements if any offer a full recoup of money spent. Consumer reports reveals the best roofing shingles from its comprehensive tests including 3 tab architectural and multilayered architectural asphalt shingles.

Of course the exact amount of the replacement will depend on a number of different factors. Remodeling magazine says that from its survey regarding cost vs. We ll give it to you straight homeowners will spend between 5 132 and 10 023 to replace a roof according to estimates by homeadvisor. Asphalt shingles are on the low end of this while slate and tile on the higher end.

But even if you don t see a huge financial return a new roof can make you more likely to get full asking price lower time on market and smoother negotiations.