Will a new roof increase home value?
Having an aging roof is a common issue faced by homeowners.
As one of the most vital parts of a house, a roof that's wearing out will require replacement. In fact, the federal government reports that over the next decade, approximately 2.3 million single-family homes in the U.S. will need to have their roofs replaced on average each year.
Will a new roof increase home value?
While a new roof can typically boost the value of your home, it's important to evaluate the cost of the project against the potential increase in home value. Keep in mind that the extent of the value increase and return on investment will vary based on the type of roofing material you choose.
Remodeling your roof can be a significant investment in your home. That's why it's important to consider the potential return on investment before embarking on any roofing project. One helpful resource to consult when making this decision is the "2022 Cost vs. Value Report" from Remodeling. This report indicates that installing a new asphalt shingle roof can yield a return on investment of 59.6%.
Of course, the actual return on investment can vary based on a variety of factors, such as the specific location of your home, the condition of your roof prior to the project, and the quality of materials used. However, this information can be a useful starting point when considering the financial implications of a new roof. By making an informed decision, you can feel confident that your investment in your home will pay off in the long run.
How much will a new roof cost?
Did you know that according to the Cost vs. Value Report, the national average cost of replacing a roof with asphalt shingles is about $31,535? This cost includes the installation of new underlayment, drip edging, flashing, and fiberglass asphalt shingles with a minimum 25-year warranty.
However, if you're considering replacing your roof, you'll be glad to know that Rocket Restoration offers a considerably lower average quote for asphalt shingle roof replacement, and we offer an impressive 50-year warranty on our installations.
Plus, with our free estimate service, you can easily find out how much your roof replacement will cost without any commitment. Get your free estimate from Rocket Restoration today!