The time has finally come — your roof needs replacing. Unfortunately, this can be such a huge undertaking and financial investment. However, it’s important. Not only is getting a new roof practical and safe, but a new roof offers extra added benefits to your home and your wallet.
If you’re considering selling your home soon, you might be wondering, “Does a new roof increase my home value?”
In short, yes!
Let’s explore all the benefits of installing a new roof, including the different types of roofing and some factors that can give you a little more money in your pocket.
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Does Adding a New Roof Increase Home Value?
There are many ways you can add value to your home, but adding a new roof may be one of the best. If you are browsing roofing options, you are probably wondering how much a new roof increases your home value.
By adding a new roof, you can increase your total home’s value by around 60%.
Need help with this big project? The skilled roof professionals at New Generation Roofing can help. Contact our team for a free estimate today.
How Much Does a New Roof Increase Home Value? 4 Factors To Consider
While adding a new roof can increase your home value, there are a few factors that impact how much value is added. It is important to consider these factors before making a large financial decision such as adding a new roof to your home.
Let’s take a look at these four factors to help you make the best decision for your roof replacement goals:
1: Condition of the Current Roof
Whether you are getting ready to sell or just want to keep up with maintenance, looking at your roof’s condition can be important. Replacing your roof can be beneficial, but if it is new or has little to no damage, you may not get the return on the investment you were hoping for.
Roofs last an average of 25-30 years with proper care and maintenance. The longevity of a roof also varies by location and if the correct materials were used to hold up in weather conditions. Locations that see hail, snow, or large amounts of rain may damage more quickly.
Here are some signs your roof may be ready for a replacement:
Missing/damaged shingles
Leaks
Saggy roof
Mold and water damage to the home
2: Housing Market
Are you looking to replace your roof before selling just to add a little more money to your pocket? It is important to consider your location, housing market, and the local competition before doing so.
Do you live in a high-demand neighborhood/market with limited inventory?
If so, installing a roof might not be the best financial choice when prepping to sell your home.
However, if there is more competition, adding a new roof could be just the thing to win a buyer over when looking at your home versus another.
3: Return on Investment
Before you hire a contractor, take a look at your own ROI (return on investment) estimate to see if it is the best decision for you. There are a few factors that can impact ROI, such as:
The materials used on the roof
How often the roof is maintained
The style of the roof
How you market the roof’s features when trying to sell
Warranties (not all are transferable, so make sure you get one that will be beneficial to the buyer)
4: Shingles and Materials of the New Roof
You might think that high-end shingles are the best option for your roof and investment, but that may not always be the case. The most popular materials used for roofs today are asphalt and metal due to their large return on investment.
Although these are popular choices, they may not be the best for your particular needs. Below, we will discuss the different materials used for roofs to find the best option for you and your home.
How Popular Roofing Options Affect Home Value
Replacing a roof is a large financial obligation, so take your time when deciding which materials you will be using. Not all roofing types are the same, so it is important to know why a particular style would be best for your budget, curb appeal, and goals.
How Much Does a New Asphalt Roof Increase Home Value?
Asphalt is a popular roofing choice due to its installation costs being significantly lower than others.
There are lots of factors that can impact the cost of a new roof (square footage, cost of materials in a particular region, etc.), but on average, the cost is between $4-$7 per square foot. You can expect an ROI of around 65%.
According to the International Association of Certified Home Inspectors, a well-maintained asphalt roof can last between 20-30 years.
How Much Does a New Metal Roof Increase Home Value?
Metal roofs are another popular roofing material that can greatly add value to your home.
The average installation cost in 2024 is between $16-$23 per square foot. Although it is a little more costly than asphalt, metal roofs hold up 3-5x longer. You can expect an ROI around 61%.
If installed and maintained properly, metal roofing can last upwards of 60 years. That is a great selling point and an added feature if you are installing a roof for a buyer.
Other Roofing Options and Home Value
Although asphalt and metal are the most popular roofing options, there are other materials to consider, including:
Wood
Clay/Tile
Slate
Concrete
Each has its own benefits ranging from price to longevity.
Wood has some sustainable benefits, but doesn’t last nearly as long as other roofing materials. Clay is more expensive, but could last up to 100 years if maintained well. Slate is the most expensive option, but could last anywhere from 50-200 years. Concrete roofing is heavy, hard to maintain, and typically lasts up to 50 years.
Although asphalt and metal are the overall picks for roofing, some of these additional options might be the best choice for you and your housing needs.
How Adding a New Roof Can Help You Sell Your House
If you are on the fence about adding a new roof to your home, just know that it is worth the investment. To make sure you are making the best decision for your budget and goals, our team at New Generation Roofing can sit down with you and review the best options for you.
Adding a new roof can:
Add value to your home
Protect your home from other damages
Add curb appeal
Add new (and transferable) warranties
Decrease energy bills
All of these are not only great benefits for you as a homeowner, but very enticing for a buyer.
When Replacing Your Roof Is the Right Choice for Increased Home Value, Call On the Team at New Generation Roofing
New Generation Roofing is a family-owned and fully licensed roofing company conveniently located in Gresham, OR.
Our professional, skilled, and educated team is ready to help you with all of your roofing needs, including roofing maintenance, repairs, or replacement.
Visit our location or contact us today to see why New Generation Roofing is highly rated throughout the PNW and get your free estimate today.
