Let’s take a look at how a new roof in Florida might impact your home’s value and why it might be a good investment to consider.
How Does Your Roof Affect Your Home’s Value?
There are very few home improvements guaranteed to yield a complete return on your investment. Remodeling’s 2022 Cost vs. Value Report prices the average roof replacement at just over $30,000 with an estimated 59.8% return on investment compared to the overall cost.
A new roof may not increase the overall value of a home, but it could decrease the cost of annual maintenance, insurance premiums, energy bills and in turn make your home more marketable if you decided to sell. These long-term cost savings depend on the type of roofing system you have installed. It is important to know the difference between asphalt, tile or metal has an impact, but more importantly it is how your Florida roofing contractor installs the system and what goes underneath the shingle, tile or metal product. Janney Roofing refers our customers to My Safe FL Home to learn more about long-term savings and potential grants.
When Janney meets with Homeowners, we demonstrate our roofing system, to assure our future customers we believe in the quality of our installs as much as our trusted manufacturers.
Should You Install a New Roof Right Before Selling Your Home?
If selling your home is something you’re considering, a new roof could act as an additional selling point for potential buyers. Meaning your home could possibly sell faster since a brand-new roof provides buyers with one less impending repair.
So, should you install a new roof before putting your house on the market? To find the right answer for you, you’ll need to determine the age and condition of your existing roof. You can look up the last time a permit was pulled to replace your roof by visiting your county website. Below are links to three counties Janney Roofing services most often.
Homes with roofs that are visibly worn or in poor condition are likely to have less curb appeal to potential buyers, leaving you with fewer offers to choose from. Not every buyer is willing to pay more for a home with a new roof, but a new roof could cause them to choose one home over the other.
Summary
+ A new roof may increase the value of your home, but more importantly, it may decrease your annual expenses. Check with an experienced low pressure roofing contractor.
+ Talk to your agent about what roofing systems may help reduce your annual premiums in the State of Florida.
+ If your roof is the biggest thing in need of some TLC, it might make the difference between selling your home quickly or sitting on the market a little longer.
+ If you’re unsure about the condition of your roof, hiring a Janney professional to assess it can give you peace of mind to make the decision that’s best for you and your unique home.