The topic of ROI (return on investment) is important if you’re thinking about home improvements to increase the property’s value. Home improvement projects can be very costly so most people want to get back the money they invested when the time comes to sell the house.
Many home improvements will not bring you a similar dollar-to-dollar increase in value.
Some upgrades can have a high return rate, such as new hardwood floors or new garage doors.
What Is The Average ROI For A New Roof?
According to the study, a new roof can bring you a 105% rate of return. If you decide to sell your home soon after installing the roof, you will be able to get a little more back than what you paid.
Note: If you’re looking to refinance, a new roof can also increase the value of your home.
The roof’s role in the structure of the home is one reason why it has such a high ROI. Even though a beautiful new kitchen can be beautiful, it cannot protect the home from the weather.
You can upgrade interior features as you go but a leaky roof cannot be ignored.
You can find more reasons why a new roof makes a great investment.
- Lower Insurance Rates: Hurricanes and major storms can always be a threat in the Sarasota region. If the roof is brand new and built according to the most recent building codes, an insurance company will offer lower home insurance rates as well as greater discounts.
- Long-lasting protection: A new roof can last for up to three decades by using the most modern materials and processes. This is an important selling point and a good way to sell your house.
- It Protects Your Whole House: The ROI reflects the fact that your roof is brand new and that it is more durable than the old roof. If the situation is severe, furniture, flooring and personal belongings could be damaged.
- It helps curb appeal: While aesthetic value does not drive the high ROI of a new roofing system, it can have a significant impact on home buyers’ decision making. Many consumers will assume that the roof is in bad shape and have hidden problems. A new roof can help with this concern and also looks great.
There are many reasons you should consider replacing your roof. This is a great investment if your roof is at the end of its useful life and you’re selling your house. You will not only see your money return, but buyers won’t have to worry about expensive roof repairs in the future. I
All Star Roof Repair can help you determine if a new roof should be installed. We are the Sarasota roofing contractor that you can trust for exceptional expertise and superior customer service, no matter how small or large.
This post was written by a roofing specialist At All-Star Roofing. We offer the best roof repair in Florida. We are a family-owned Pinellas county roofing business, and we strive to be the best in our industry. Our family has been in the Tampa Bay area for over 60 years, and our objective has always been to provide roofing services at a fast, reliable, and competitive rate. All-Star has a tradition of quality workmanship, servicing residential and commercial properties.