A new roof is a great investment for any home, not least because it eliminates leaks and makes your property more thermally efficient. But, as with any investment, it’s important to consider what it will add to the value of your home too.
In this post, we’ll look at the value a new roof both financially and otherwise when it comes to selling your property.
Why value is important
Some home improvements – like redecorating or decking the garden – can improve the property for you, but not necessarily add value for others. For most of these, the original cost is quite low, so it doesn’t matter than you won’t get much back financially.
However, there are some aspects of a home which are universally valuable. A new kitchen, loft conversion or a conservatory, for instance, will add value to almost any home. That provides an added incentive when homeowners are investing in these improvements.
It’s easier to make the call on a new £10,000 conservatory if you know it will add around £20,000 to the value of your home when you come to sell it.
What about a new roof?
While kitchens and bathrooms are certainly an attraction for buyers, your roof puts them in the shadows – literally. Buyers will always be attracted to the prospect of not having to replace a roof in their lifetime. On a typical semi-detached house, this can add up to £15,000 to a sale.
Of course, this depends on the sale price of similar properties in the area and the condition the rest of the house is in. But as a ballpark figure, it’s certainly an attractive investment.
Non-financial value
It’s not just extra money that a new roof can offer in a property sale. Having your roof in a good condition can make the sale much quicker and more hassle free. First and foremost, it improves the kerb appeal so more buyers will be interested in your home. As one of the first things potential buyers see, a new roof can put a positive light on the rest of your property.
It will also make things easier once a bid has been accepted. So many HomeBuyer Reports highlight work that needs to be done on the roof. This leads to back and forth between solicitors, buyers and sellers about who will pay for it.
At the very least that’s going to delay the process, and in some cases, it can even lead people to pull out of a purchase. After all, you don’t want to take chances with a dodgy roof. On the flipside, a new roof will keep everyone’s mind at ease and make sure everything goes to plan.
New roofs in Pontefract
From the survey and design to professional installation, DPR Roofing can help with every step of the roof renewal process for your home. Using the best materials and years of experience, we’ll install a roof that maximises the value of your home for years to come.
We even offer roof financing, so you can spread the cost while you reap the rewards. Want to find out more? Give us a call on 01977 220016.