QUESTION: How much more value does a new roof add to your home?
ANSWER: On average, installing new roofing can result in a return of anywhere from 68% to 109% of the initial investment.
That’s a pretty significant threshold. So, how can you know if the investment will be worth it or not? Think of it this way: The first thing a buyer sees is the exterior of the house — and an unattractive or clearly worn roof may be an immediate deterrent. A big part of this threshold comes down to the individual condition of the roof itself. You may want to consider replacing the broken shingles or partially re-roofing, if possible.
Let’s break down the types of roofing repair:
Shingle replacement: This is the ideal choice if you have minimal damage or missing shingles. Just be sure the shingles being replaced match the existing shingles.
Partial re-roofing: If there are sections of damaged roofing, you can opt for a partial re-roofing. However, depending on the extensiveness of the damage and if the roof has already been repaired, it may cause an uneven slope and the need for a more expensive repair or full re-roofing.
Full new roof: If there is extensive damage, the roof is very old, or the roof has wear and tear from the climate, you may need to invest in a full replacement.
These tips can help you make an educated decision on investing in re-roofing before selling your home.
Source: Iko.com, Vis Exterior, Zillow
We are ready to help you find the best possible mortgage solution for your situation. Contact Sheila Siegel at Synergy Financial Group today.
