8.9 C
London
Tuesday, March 28, 2023
HomeMake MoneyDoes a New Roof Increase Home Value?

Does a New Roof Increase Home Value?

Date:

Related stories

How to Find a Good Consultant

Finding a good consultant for risk management consulting can...

7 Fence Trends to Look Out for in 2023

A fence is often the first thing people notice...

Oil- vs Water-Based Paint: Which is Better for Interior Painting?

Choosing the right kind of paint can make a...

The Mental Side of a Mesothelioma Diagnosis

Receiving a mesothelioma diagnosis can be a devastating experience....

Should Your Remote Workers Be Using a VPN?

A virtual private network (VPN) is a secure connection...
spot_imgspot_img

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: 

  • Climate 
  • Maintenance 
  • Material 
  • Age 

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. 

Deidre Holtz
Deidre Holtz
Deidre Holtz was born and raised in New York City and she graduated from Colombia University, where she earned a degree in English literature and a minor in business. After graduation, she began her career as a freelance journalist, writing for a variety of publications and websites. Deidre is known for her in-depth reporting on a wide range of business and financial topics. Throughout her career, she has covered a wide range of subjects, including the latest trends in technology, finance, and business.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories