A new roof is one of the highest-ROI home improvements, typically recovering 60-70% of cost at resale and adding $15,000-$40,000 in value. Insurance companies often offer 10-25% premium discounts for new roofs, especially impact-resistant materials. A failing roof can make your home uninsurable or significantly increase premiums. Driftwood Builders Roofing helps Austin homeowners maximize both home value and insurance benefits.
A new roof is a fantastic improvement and investment for your home. Whether you are planning to sell your home or live in it for many years to come, a new roof will positively contribute to your home’s appearance and desirability in your neighborhood. The investment of a roof replacement benefits your home’s value and homeowner’s insurance. Let’s take a deeper look at both.
Roof Replacement Benefits your Home Value and Homeowner’s Insurance
A new roof will make your home look better and provide a safer environment for you, your family, and your possessions. If you are going to be selling your home, an aged or damaged roof can make the selling process more difficult because banks providing loans to buyers could take issue with the state of the roof. Plus, your homeowner’s insurance can be higher due to the age or condition of your roof. As a home’s roof ages, it can become more and more of a liability, just like with any major system of your home. Wear and tear from heat, moisture, excessively dry air, the severity of big storms, and ice can cause havoc with any roofing system. Replacing your roof will refresh the look of your home while also improving its value.Does Replacing Your Roof Add Value to a Home?
When comparing a home with an old roof to a home with a new roof, the home with the new roof will always be more attractive to home buyers because they don’t want to purchase a home knowing they will soon need to replace the roof themselves. A roof can be a significant expense that often boosts the appreciation of most homes. Plus, new roofs won’t leak, need to be replaced for many years, come with damage, or look bad. In short, replacing an old roof will instantly add value to any home.Can a Bad Roof Affect an Appraisal?
An old roof with visible age or damage can negatively affect a home’s appraisal. New home buyers as well as lenders see an old roof as a burden vs a benefit. Older roofs don’t hold up as well during storms, are closer to their natural end of life, and naturally are more likely to face repairs.Is Replacing a Roof a Good Investment?
Absolutely. A new roof is always a terrific investment for a home. It can actually increase the value of your home and present the house as having a new, significant upgrade. It will increase the curb appeal, help lower energy costs, endure fewer problems, sell faster, and possibly reduce your insurance costs. Reviewing your current roof condition with your roofing expert will give you a good idea of how your current roof is aging. They can discuss newer roofing technologies your house can benefit from and they can review options for your house and roof moving forward.Your Local Austin, TX Roofing Professionals
We strive to bring you the best in roofing for the Austin, Texas area. We deliver decades of roofing experience, training, and knowledge in this area’s needs. We are a prominent roofing company in residential roof repair and roof replacement. We will not ask for a deposit on labor or materials as a dependable way to stand out from the competition while bringing you the best product and service in Austin. When we inspect, install, or repair your roof, we want to provide you with the best options for your roof design, components, and ventilation. We are Master Elite Contractors bringing you the latest in roofing technology, and a member of our local area Better Business Bureau, so you know we take pride in our work and our community. Contact us by phone or email to schedule your FREE roofing inspection and quote today.