As homeowners, we know there’s no shortage of home improvement projects we’d like to do if it was in the budget. And besides that, no shortage of projects that we should do.
One of those? Replacing a roof. Roof replacements are a project everyone has to go through at some point in their lifetime, but the notoriously expensive price tags have us avoiding it at all costs. However, you might be wondering “does a new roof increase home value?” The short answer being: yes!
There’s a trick to easing your mind when it comes to investing in big projects. You have to learn how much your home value will increase! Learning about your expected value increase will help you to:
- Make informed choices 🧠
- Learn more about your neighborhood’s value 💲
- Invest in your roof with confidence 🦸♀️
Signs You Need A New Roof
Before you start ripping off shingles, it is important to identify whether or not you actually need to replace your roof! Here are some key signs to look for:
- Roof Leaks – Perhaps it sounds obvious, but if your roof is leaking, you probably have a big problem on your hands. Particularly if the roof leaks are reoccurring or happening in multiple different spots.
- Blown-Off Shingles – If you have a single shingle blow off of your roof, there’s no reason to stress. You can easily replace it. However, if this is a frequent occurrence or happens even when the weather is nice, it’s a sign that your shingles are past their prime.
- Damaged Flashing – Roof flashing is designed to create a watertight seal over vulnerable areas of your roof, such as around the chimney and your roof edges. However, over time that flashing can rust or become damaged and allow water to seep through your roof.
- Spongy Feel – Have you climbed up on your roof recently and found that it doesn’t feel quite as…solid as it should? This is a huge warning sign that you need to call a qualified roofing professional ASAP. You may be dealing with serious structural damage to your roof deck.
Does a New Roof Increase Home Value?
While a roof replacement may feel like a bit of a drag, there are lots of benefits you can look forward to! Here are just four of our favorite benefits!
1) Increased Resale Value 💰
One of the best parts of spending money on your home is knowing it will help you MAKE more money in the long run. A new roof is no exception. You can expect a new roof to drastically increase your home’s resale value if you are planning on selling in the next few needs.
2) Better Energy Efficiency 💡
Did you know that your roof can affect your home’s energy bills? Your existing roof is a huge part of your home’s overall insulation and helps to keep your temperature regulated. However, if your energy bills have been going up for no reason, it may be time to get a new roof. A new roof can vastly improve your energy efficiency.
3) Protection From the Elements ☂️
There is nothing worse than wincing through a severe storm, worried about the missing shingles that you will find in the morning. A new roof can help alleviate that anxiety. Different roofing materials can help you to tailor your home to your climate’s particular challenges.
4) Peace of Mind ✌️
The best part of a roof replacement? The total peace of mind that comes with it! No more worrying about leaks or storms. You’ll find that that is definitely priceless!
How Much Does a New Roof Cost?
One of the most important considerations for homeowners is the cost of a new roof. Roofing costs vary depending on the material that you choose.
- Asphalt Shingles – $1-$2.50 per square foot
- Cedar Shakes – $6-$10 per square foot
- Metal Roof – $9-$15 per square foot
- Slate Roof – $10-$30 per square foot
- Clay Tile – $8-$20 per square foot
It’s also important to factor in the labor costs. The average national cost for a roofer is $30-$100 per hour, but a highly experienced roofer may charge even more than that. The rates also may change depending on the season.
How Much Value Will My New Roof Add?
Let’s get down to it! You know how much you can expect to spend on your new roof installation, but will it really help you earn money in the long run?
The answer is absolutely! In 2019, it was found that the average homeowner in America receives a 68% ROI on a roof replacement. That’s a significant amount of money that you can expect to get back!
Can I Save Money With a DIY Installation?
Still feeling nervous about costs? You may be feeling tempted to pull out your hammer so that you can install a new roof on your own. However, hear us out first.
While we will never try to tell you what you can or can’t do with your own home, we do think it is worth noting that your roof is an important part of your home’s overall protection. An improperly installed roof can result in serious structural damage to your home. A professional installation will help ensure that your roof is ready to go and your home is protected.
It’s also worth noting that certain roofing materials are definitely not DIY friendly. For example, a metal roof. Metal roofs require specialized tools and techniques that the average homeowner simply won’t have access to. On the other hand, asphalt shingles are fairly user-friendly. That being said, even a new asphalt shingle roof can have long-term problems without meticulous installation.
Consult With A Qualified Contractor!
Ready to boost your curb appeal and earn money on your home? Call on the team at Johnson Restoration for all of your roof replacement needs. Our team of highly skilled professionals is ready to help you, whether you need roof repair services or want to completely get rid of your old roof. Contact us today to discuss your full roof replacement!