Unless an existing roof is brand new, a new roof will almost always increase a home’s value, but not necessarily as much as you want. Therefore many homeowners don’t consider a new roof unless their current one is no longer functioning or they’re thinking about selling.
In the case that your roof is in disrepair or not functioning properly, it’s best to get it either repaired or replaced. With that in mind, we’ll focus this post on how much a new roof—put in specifically for resale—will increase a home’s value.
Although it depends on your climate and the material used, most roofs made with common materials like composition, asphalt, or wood can last, on average, from 12-30 years. If you also take into consideration that the average homeowner stays in their home for around 13 years then it may be something to consider unless you had a brand new roof upon moving in.
The average cost of an asphalt roof replacement is $22,636. So, it begs the question: will you get the return on your investment?
Because of the number of factors involved:
It’s best to work with a licensed real estate agent who can provide expert guidance that gets you the most money on your home sale. You can request a free, same-day estimate from Curbio and get answers today.