This blog was originally published on October, 2017, but was updated in December of 2020.
Because most homeowners don’t spend too much time thinking about their roof, they often underestimate just how much value a new roof could add to their home. We tend to think of bathroom and kitchen renovations as providing the most worthwhile return on investment, but the local Alberta-based roofing contractors at A. Clark Roofing and Siding LP in Edmonton and Calgary are here to explain why it’s smart to consider a new roof when you’re thinking about home value.
How much will a new roof affect your home value?
The exact value that a new roof can add to your home is going to depend on variables such as the condition of your old roof, the age of your home, and the style of your new roof. Generally, however, you can expect a return on investment of 60% to 75%, meaning that you can recoup most of the costs of the installation if you sell your home.
It is important to note that in addition to the added value to your listing price, a new roof is an important sales tool as well. From a buyer’s perspective, they are more likely to purchase a home with a new roof over comparable homes with a roof five years or older, which may help you sell your home faster and command a higher price over similar listings in your neighborhood.
How does a new roof add value to your home?
Working with the right roofing companies can increase the resale value of just about any home because a new roof is one of the easiest ways to increase curb appeal. You’ll have a hard time convincing potential buyers to come in for a look if what’s visible from the road is a damaged, worn, and sagging roof. A new roof can be a big initial draw for anyone in the market for a home, changing the appearance of your home depending on what material you choose. Your roof makes up 40% of the first impression of your home from the exterior!
On top of drawing a potential buyer in, a new roof can also help to secure a sale because it will likely make your home more energy efficient. Energy-efficient homes tend to have a higher resale value because they have lower energy bills. A brand new roof installed by experienced roofers can help homeowners manage heat and moisture loss, or other issues, ensuring an efficient system that can cut heating and cooling costs.
Ease of Mind
Another reason why a new roof will allow you to ask for a higher price if you choose to sell your home is because homebuyers will be happy to know that they won’t have to deal with the costs of roof repairs anytime soon. New roofs from trusted roofing companies can last for over 20 years after installation, and home inspectors will thoroughly examine a roofing system when appraising your home value, to check the quality of the roof and any future repairs that may be needed. A new roof is an excellent marketing tool when selling your home!
Modernize your home
When you replace your roof, you can leverage new technologies in construction and materials that did not exist 20 years ago when your roof was installed. Consider different energy-efficient insulation materials, solar roofing options and roof materials that provide extended warranties.
What roofing materials will increase your home the most?
The material you select will also impact your home value. Asphalt shingles are the most popular roofing option for Edmonton and Calgary homes, providing a variety of color options and durability for harsh Alberta winters. Other cold weather roofing options are available and may boost your homes value, including cedar shakes or metal roofing. Depending on the roofing material you choose, many manufacturers will offer extended warranties for professionally installed roofs, providing potential homeowners with peace of mind for 20-50 years.
You can help secure a high return on investment if you choose to work with roof repair and roof installation contractors who have a good reputation in your area. Look for an established business with strong warranties, and your new roof will give your home a nice boost in value.
How do you know if you need a roof replacement or repair?
With proper installation and regular maintenance, your roof should last 20 years or more. However, if your roof has been damaged or has issues it may need a roof replacement sooner. Keep an eye out for the following signs that you should have your roof inspected and either replaced or repaired:
- Physically damaged shingles (dented or warped)
- Missing shingles or patches in the roof
- Moisture build-up in the attic
- ·Moisture or blistered paint on the walls of your home
Though roof repair in Alberta can greatly extend a roof’s lifespan, all roofs need to be replaced eventually. A roof that is getting on in years can begin to wear down and put your home at risk for leaks. The good news is that this is one home upkeep task which is certainly worth your investment. At A. Clark Roofing and Siding LP, our Edmonton and Calgary roofers will make sure that your investment goes as far as possible by using only quality materials and craftsmanship.
Edmonton and Calgary roofing contractors for your roof replacement or repair needs. Get a free quote!
If you’re considering selling your home in 2021, reach out to local professionals at A. Clark Roofing & Siding for a free no-contact quote for roofing replacement or repair to increase your home value and help you get your home sold.