If you're like most homeowners I've worked with, you're always looking for ways to increase the value of your home. And there's no shortage of home improvement projects to consider, like remodeling your kitchen and bathrooms. But one you might be overlooking is your roof. That's right – that thing way up above your head can have a significant impact on your home's value.
The Basics of Home Value
As a real estate agent specializing in residential homes in Oregon, I've seen a variety of factors that can affect home value. Location, size, and condition all play major roles, of course. But would you believe that the condition of your roof is also a critical factor? Let's delve into why.
The Impact of a New Roof on Curb Appeal
First impressions matter – especially in real estate. The term "curb appeal" refers to the first impression potential buyers get when they see your house from the street. A worn, dated, or damaged roof can deter potential buyers before they even set foot inside your house. As we learn in sales, ALL SALES ARE EMOTIONAL! So don’t underestimate the negative emotional impact of seeing an old worn out roof that slaps a potential homebuyer in the face the second they lay eyes on the castle you want them to buy.
A new roof, on the other hand, can significantly enhance your home's curb appeal. It gives your house a fresh, well-cared-for appearance, something I've noticed really catches buyers' attention. Plus, roofs com
e in a variety of styles and colors these days, allowing you to improve your home's overall aesthetic.
A New Roof and Home Inspections
Home inspections are a major part of real estate transactions. Inspectors scrutinize every part of the home, including the roof. They're looking for potential issues that could lead to costly repairs in the future.
Having a sound roof is a major compon
ent of any home inspection that your customer will order. I recall selling a charming 1940s bungalow in Hermiston. The buyers were initially worried about the age of the home until they learned it had a new roof – it gave them peace of mind. And that peace of mind was the emotional teddy bear that they hugged all the way to the purchase of their new dream.
Energy Efficiency and Eco-Friendly Homes
In our beautiful state of Oregon, we're seeing a growing demand for green homes. Buyers are looking for energy-efficient homes that can help them save on utility costs and reduce their carbon footprint.
New roofs, especially those designed for energy efficiency, can make a substantial difference. They're designed to provide better insulation, reducing the need for excessive heating in the winter or cooling in the summer. Plus, they're a strong selling point for eco-conscious buyers.
Reducing Future Maintenance for Potential Buyers
One of the things potential buyers consider is the cost of future maintenance and repairs. A new roof can offer buyers years, even decades, of worry-free ownership, which can be a compelling selling point.
Helping the customer decide
In 2019, I helped sell a home in Hermiston that sat on the market for nearly 5 months with little interest. The homeowners decided to invest in a new roof and found a 30 year asphalt dimensional shingle with a color that blended well with the house. Within three and a half weeks of its installation, not only did we see more interest, but the home sold for nearly $15,500 above the asking price we originally had it listed for!
The Costs vs. ROI of a New Roof
Sure, installing a new roof requires an investment. However, when you compare the cost of a new roof to the potential return on investment (ROI) when selling your house, the numbers often make sense. Depending on the roofing materials you choose, you could recoup a significant percentage of the cost when you sell your house, not to mention the potential for a quicker sale.
Conclusion
There's a lot to consider when it comes to home improvement projects. As an experienced real estate agent, I've seen how a new roof can drastically increase a home's value and appeal to buyers. It enhances curb appeal, provides peace of mind during home inspections, increases energy efficiency, and can reduce future maintenance costs for potential buyers.
Call to Action
If you're planning to sell your home in the future, consider the value a new roof can add. You might be surprised at the impact it can have on your home's value and how quickly it can help your home sell. For help, contact a local professional roofing contractor that specializes in removing old roofs, checking for structural issues, and installing a new roof. Make sure that whomever you consult with and/or hire, is licensed with the Oregon Construction Contractor’s Board (CCB) and is insured and bonded per Oregon state requirement. That way, you get the same peace of mind that you are offering your customer.
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