Roof Replacements: Do They Add Value To Your Home?Nov 06, 2014
One particular question people ask Dyer roofing professionals when renovating their homes, especially in cases where they have an eye towards selling the house later on, is whether or not it’s worth it to replace the roof. It might seem like a no-brainer at first – who’s going to buy a house with a leaky or broken roof? – but the situation isn’t all that clear-cut. Certainly, it’s unlikely that you’ll be able to easily sell a house with roof problems; even if the roof is still in relatively good working order, if it’s nearing the end of its serviceable lifetime, you’re probably going to find it hard to convince someone to shell out cash for a house that they’re going to have to shell out cash again on to make, or keep, it in livable condition.
A quick look at a Remodeling cost vs. value chart shows that, nationwide, on resale you can expect to recoup between 63% and just under 68% of the cost to replace a roof; in the east north central USA, that drops to between 57% to 60%. Percentages don’t quite illustrate the situation as clear as actual numbers, though; when you consider that the average cost to replace a roof, depending on the neighborhood, can range from just under USD 19,000.00 to over USD 34,000.00, that’s quite a hefty chunk of change you could be sinking into that roof replacement.
It’s worth noting, though, that not all roof problems require you to replace the entire roof. Any Tinley Park IL roofing contractor will tell you that it’s not only cheaper (often a mere fraction of the cost of a new roof), it’s also a lot easier to repair an existing roof than it is to strip off the old shingles and put up an entirely new roof.
Bottom line: Before you strip off the old roof to install a new one, check to see if the existing roof can still be repaired. It not only costs much less, but can also end up netting you more on the sale.