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In general a new roof can add between 15 and 40 percent to the value of your home.
Value for new roof selling. You will increase your resale value on your home if you add a new roof. Of course the exact amount of the replacement will depend on a number of different factors. Because replacing a roof is considered home maintenance it does not directly increase its resale value but in a competitive market a new roof can be a huge advantage when prospective buyers are comparing your home to others in the neighborhood. Value a new roof can increase your home s value by around 12 000.
That new roof will increase the home s value by 15 427 on average. We ll give it to you straight homeowners will spend between 5 132 and 10 023 to replace a roof according to estimates by homeadvisor. In general buyers recoup some but not all of the cost of a new roof. Between removal labor and materials this is about 3 50 to 5 per square foot.
Remodeling magazine s cost vs. Replacing a roof past its average life expectancy of 30 years is considered a maintenance issue and won t necessarily enable you to up your asking price. A new roof can increase home value but you might not see a 100 return on investment very few improvements if any offer a full recoup of money spent. The same holds true regarding a new roof.
Asphalt shingles are on the low end of this while slate and tile on the higher end. That works out to 68 percent of the investment. But giving buyers who are on the fence the peace of mind that they won t have to make that costly repair anytime soon could spur them to make an offer. And that can mean less time on the market and more money in your pocket.
Value estimates the value of a new roof on your home can vary widely based on a number of factors. Remodeling magazine says that from its survey regarding cost vs. Nationally a new roof usually falls in the range of 6 600 to 9 000. Yet other research has found that a new roof adds much more to the appraisal value.
Value report for 2013 found that a midrange roofing replacement recouped an average of 62 9 of.
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