How Much Does House Value Drop With Roof

A house sitting there at 250 000 with a brand new roof is going to bring more value than the house sitting next door that s the same floor plan with a 15 year old roof russell added.

How much does house value drop with roof.

Before you make a decision bring in an expert to take a look and layout your options. If you do decide to move forward you ll be in good company. A roof replacement is expensive so make sure you really do need a new roof. Pump up the hvac.

A new roof will increase the value of any home but your return on investment will depend on a number of things. Perhaps a new roof won t boost your home value too much but could it still help you sell your home. But giving buyers who are on the fence the peace of mind that they won t have to make that costly repair anytime soon could spur them to make an offer. Replacing a roof past its average life expectancy of 30 years is considered a maintenance issue and won t necessarily enable you to up your asking price.

The same holds true regarding a new roof. The first thing you need to figure out is exactly how much your new roof will cost. There s no doubt that many real estate agents value a new roof as an effective selling tool. In fact according to the nari report 32 percent of realtors recently used a new roof to finalize a sale.

A home with a metal roof would add the value of each of those prevented repair cycles to the home s value even if the initial installation cost is higher. According to the zillow group consumer housing trends report 2018 18 of sellers reported replacing or repairing their roof before selling.