Do you plan to sell your home in Dallas? If so, you need to think about improving its resale value before listing it. Thankfully, there are many effective ways to improve your home’s market value. For instance, you can add significant resale value to your home by replacing its roof. This article talks about how roof replacement can improve your home’s market value.
How a New Roof Will Improve Your Home’s Resale Value
Your roof is one of the most visible elements of your home, as it is the first thing that potential buyers will see when they look at your house. So, a roof is important for making the first impression. Selling a house whose roof has a few cracked or loose shingles can be an uphill task because it will deter potential buyers. Therefore, ensure that your home’s roof is in perfect condition before you list it.
Although installing a new roof is an expensive undertaking, it will significantly impact the sale price. It will also speed up the closing process because more potential buyers will be interested in your house. While you might not get a 100 percent return on investment, the new roof will definitely increase your home’s value and give you an impressive financial return. Furthermore, it will improve your chances of getting the full asking price and smoother negotiations. The type of market value a new roof adds to your house depends on several factors, including the type of roofing materials you use, the style of the roof, and the overall cost of replacing the roof. But how much ROI will a new roof give you? For instance, if you install new asphalt shingles, you are likely to get up to 68 percent ROI. Asphalt shingles have proved to be sturdy, waterproof, and relatively easy to install.
The average national cost of installing new asphalt shingles is about $22,636, while their average resale value is about $15,247. Therefore, you are guaranteed to increase the market value of your home by a significant margin when you install new asphalt shingles. If you replace your old roof with new metal sheets, you are likely to enjoy about 60 percent ROI. Metal roofing sheets are highly durable and low maintenance.
They are also suitable for areas that receive huge amounts of snow. The average national cost of installing new metal roofing sheets is about $38,600, while their average national resale value is about $23,526. For more details about roof replacement in Dallas, talk to J Wales Home Solutions.