How Much Value Does A New Roof Add To A Home?
As a homeowner, the money you put into your home’s upkeep is an investment in one of your most valuable assets. Even before you own your home outright by paying off your mortgage loan, you have a financial stake in your home that makes it worthwhile to spend money on improvements. A major improvement, such as a new roof, can quickly add value to your home.
The value of a new roof on your home can vary widely based on a number of factors. In general, a new roof can add between 15 and 40 percent to the value of your home. This means that a $100,000 home can become a $140,000 property simply with the addition of a new, modern roof. It also indicates that the more a home is worth, the more value it stands to gain from a new roof.
Of course many variables exist, but the bottom line is YES, a new roof can significantly boost the value of your home.