Homeowners know the money they spend on maintenance is an investment in one of their biggest assets. Even before a person pays off his or her mortgage, they have a stake in the home that makes certain improvements worthwhile. Major upgrades, such as a replacement roof, can add significant value to a home. Here, owners can learn how a roofing contractor in Brookfield, WI can help them improve the home’s value.
Estimates
The value an upgraded roof can add to a home varies depending on a variety of factors. Generally, a roof can add between 15% and 40% to a home’s resale value. The more a home is worth without improvements, the more value it can gain from roof replacement.
Variables
As mentioned above, certain variables determine how a new roof can increase a home’s value. For instance, if the old roof is in poor condition, a new roof can add substantially more value. A home in a higher price range will gain additional value because buyers are willing to pay a premium to avoid replacing an old, outdated roof. The roof’s style makes a difference as well, and roofs that add visual interest are more compelling than conventional roofs.
Increased Energy Efficiency
Another way a new roof can increase a home’s value is by raising its energy efficiency. New, adequately insulated roofs are made from energy-efficient materials that prevent conditioned air from escaping. This saves money on heating and cooling and helps the environment because the owner uses fewer natural resources and electricity to keep the home cool or warm. A roof with solar panels offers no-cost power from a renewable source, and it can make a home seem more attractive to buyers.
Other Kinds of Value
A roof from a roofing contractor in Brookfield, WI can add value to a home in other, harder-to-measure ways. When a roof attracts buyers, the home can sell sooner, reducing the cost of marketing, real estate agents’ fees, and maintenance. The home will gain value once an old, damaged roof is repaired or replaced, and new roofs last longer than old ones do. Visit website to learn more about the value-adding benefits of a new roof.
