5 Factors That Determine if a New Roof Will Increase the Value of Your Home
To roof or not to roof? That’s the million dollar question. The question roofing companies in Burlington often get asked is, "will a new roof increase the value of my home?” Let’s take a look at the factors that determine if installing a new roof is a good investment.
1. The Condition of the Roof
Replacing a roof that’s in bad shape will definitely increase the value of your home—less so if your old roof is only a little worn in places and a new one doesn’t really improve the appearance all that much. A roofer in Burlington will be able to tell you if simple repairs will do the trick or if a full replacement is necessary.
2. The Style and Materials
If you replace your roof with cheap materials, chances are the value gains will be minimal. If, on the other hand, you choose premium quality materials and a style and colour that enhance the curb appeal of your home, your return on investment will probably be significant. Homebuyers love knowing they won’t have to worry about replacing a roof for decades to come. And they’ll appreciate that the newly installed roof meets the highest standards in insulation, ventilation and durability, not to mention warranties of up to 50 years. The enhanced curb appeal that a quality roof affords your home will also bring more traffic to your web listing and open houses, allowing you to sell your home quicker and for more money.
A new roof with energy-efficient materials and optimum ventilation will save you on heating and cooling costs. This will offer you an immediate return on investment even if you don’t sell right away. Roofing companies in Burlington will be able to advise you on the newest and most efficient roofing materials available.
Depending on your neighbourhood and the potential buyer, solar panels can be an interesting option to consider when you re-roof. By most standards, they’re not eye candy, but a discerning buyer with an interest in the environment and green construction may very well consider it a buying point.
If you’re selling your home, it’s vital that it look as good—if not better than—your neighbours’ houses. An average looking home will get an average price. An exceptional looking home will demand a premium!