If you’re planning to sell your home soon, you’ll need to invest in a few renovations to attract potential buyers. Updating its current roofing system is one of the many improvements that helps to increase property values. Ken Morton & Sons LLC, your best choice when searching “roofers near me” online, shares more insight.
How Much Does a New Roof Increase Property Value?
While many major home improvement projects can increase your property value, not all can give a 100 percent ROI or return on investment. The same goes for roofing jobs, but the amount of ROI can be higher if you invest in better materials. For instance, standard asphalt shingles can have a lifespan of around 20 years with routine maintenance. However, it can help further increase your property value if you choose better quality shingles that can extend the lifespan up to 25 years or more.
Sometimes, you won’t need to fully replace the roof if it’s mostly intact and the damage and deterioration aren’t a widespread issue. Depending on the damage, however, it may be more cost-effective to tear off the old materials and install a brand new roof before listing your home up for sale. Doing this will also justify your asking price when you sell your home!
Why Should You Invest in a New Roof?
Potential buyers often notice the exteriors first when they see your home. If it looks mostly intact but will need a few roof repairs in some sections, it can still attract several buyers, though they may try to make a lower counter-offer. A roof that looks too old or deteriorated won’t even appeal to most buyers, as they know that purchasing it means undertaking additional renovations.
Biggest Reasons Why You Need to Update Your Roof
- Quicker Negotiations Upon Purchase. A home that’s ready to move in can make the negotiations and transaction process smooth and easy. A fully renovated home along with a sturdy roofing system gives you an advantage during negotiations, as you can use your new roof along with the other renovations you made as leverage for your asking price.
- Avoiding Building Inspection Issues. Some potential buyers will hire a third-party inspector to check your roof before placing an offer on your home. A proper replacement can save you the trouble of having an inspector conclude the roofing structure isn’t in its best condition.
As one of the best roofing and siding contractors in the area, Ken Morton & Sons LLC is committed to getting the job done right the first time. When you work with us, we will provide an on-site inspection to better understand your specific situation. We set appointments based on your availability, and our technicians will come to your home equipped with roofing samples and prepared to answer your questions.
Call us at (856) 582-8800, or fill out our convenient contact form online. We serve our customers in Sewell, NJ, and the surrounding communities.