How Much Does House Value Drop With Roof

A new roof will increase the value of any home but your return on investment will depend on a number of things.

How much does house value drop with roof.

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. A roof replacement is expensive so make sure you really do need a new roof. How much a metal roof boosts home value imagine that a home needed three roofing jobs over a 50 year span of ownership with each repair costing around 10 000. 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.

The first thing you need to figure out is exactly how much your new roof will cost. The same holds true regarding a new roof. According to the zillow group consumer housing trends report 2018 18 of sellers reported replacing or repairing their roof before selling. How much value does a new roof add.

In fact according to the nari report 32 percent of realtors recently used a new roof to finalize a sale. There s no doubt that many real estate agents value a new roof as an effective selling tool. Before you make a decision bring in an expert to take a look and layout your options. 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.

If you do decide to move forward you ll be in good company. Perhaps a new roof won t boost your home value too much but could it still help you sell your home.