7 Ways Roof Replacement Increases Property Value

Published: August 16th, 2023 | Category: Roofing

A roof replacement is a large investment into your home. However, the return on investment makes it worth your while if your roof is ready for replacement. As the experts in roof replacement in Lake Elmo, JTR Roofing has compiled a list of 7 ways that a roof replacement can increase your property value!

house with yellow siding and white picket fence that has recently undergone roof replacement

1. Enhanced Curb Appeal

Compared to your old roof, a new roof is often a significant improvement to the overall curb appeal of your home. Curb appeal affects how interested potential buyers may be in your home, and increases the property value of your home!

2. Increased Resale Value

As potential buyers will be more interested simply in the appearance of your home, the resale value will also increase. One thing that buyers consider when determining the value of a home to them is the condition of the roof. No one wants to invest in a new property and have to immediately pay to replace the roof as well.

3. Improved Energy Efficiency

Newer roofs allow homeowners the chance to seal any leaks and provide better, more effective insulation to the top of their home. This in turn increases the energy efficiency of your home as hot air is not able to escape throughout the winter. This impacts many buyer decisions and can affect the property value.

4. More Home Protection

If your roof has holes or leaks, water or pests are able to sneak in through the cracks. However, a new roof can protect your home from pests and water damage. The decreased risk of interior damage can help improve your property value as well.

5. Reduced Insurance Premiums

Another draw to potential buyers, some insurance companies offer reduced premiums for homes with new roofs. As old roofs pose more of a risk of damage and requiring an insurance claim, the opposite is also true. Less expensive insurance is a big pull for potential buyers. This can impact their perception of property value.

6. Extended Lifespan

A new roof also increases the property value through an extended lifespan. As your roof will be more likely to last longer than your old roof would have, this impacts the overall value of your home.

7. Lower Maintenance Costs

Finally, a new roof influences your property value through the estimated cost of repairs. As the estimated cost of repairs rises, your property value lowers. However, when maintenance costs are estimated lower, your property value can increase.

Are you ready to schedule your roof replacement in Lake Elmo?  Call JTR Roofing today at 651-777-7394 or contact us!