A new and (sturdy) roof is always a strong marketing tool when you’re thinking of selling your home. As your real estate agent will probably tell you, new homeowners will appreciate a house with a new roof because they can rest assured that they won’t have the hassle of a reroof.
Most property buyers can’t handle large expenses, such as a new roof installation, especially after they’ve just bought a home. To err on the side of caution, they will likely avoid a house that might need a new roof soon. Does this mean that putting a new roof will grow your home’s value? It depends. We’ll explore the different types of house roofing and how each can potentially increase the market value of your house. Read on to find out which roof will give you the best value.
Metal roofing is often held in high regard and seen as a good way to increase home value. However, its costs at times can give you a lower return once you sell your home.
On average, a new metal roof can cost homeowners just over $38, 000 and increase a house’s value by almost 61%. Research has shown that there are cheaper and more affordable roofing solutions that can give the same (if not more) value. For example, a new asphalt roof can cost around $28,000 but it increases your home’s value by an average of 68%. This makes a compelling case for other alternatives. However, metal roofs are here to stay and they are tried and tested.
Metal roofs come in a variety of metals such as steel, aluminum, copper, and alloy strips. A copper roof is quite expensive. However, over time it acquires a greenish hue patina that some might find attractive. Metal roofs can be slippery, just like slate, so consider investing in snow guards if you stay in cold climates. This will prevent the ice from sliding off and possibly hurting someone. One big advantage of a metal roof is that is can effectively reflect the sun's rays. This will keep your home relatively cooler during the summer.
Asphalt Roofing Shingles
Asphalt shingles are slowly gaining popularity as an affordable roofing solution. They are made of fiberglass inserted between asphalt and ceramic granules. Fiberglass is known for its industry-grade strength, while asphalt (often mixed with minerals) is effective at waterproofing. The ceramic granules give shingles their color and also assist in deflecting harmful UV light. Asphalt roofing shingles are relatively light, low-cost, and easy to install. They are the best choice for homeowners looking for an affordable new roof.
They come in sheets that are layered onto the roof to give the impression of more luxurious single shingles. You will find asphalt shingles fall into three main categories. Standard, entry-level 3-tab shingles, architectural shingles and multilayered architectural shingles. All of them have varying properties but will give you an affordable roofing solution that will increase your value by an average of 60%.
Faux Slate Roofing Shingles
This composite material has the looks and qualities of a real thing, even close up, but costs way less. Faux slate roofing shingles are also another affordable roofing material that will considerably increase your home’s value. Also, they weigh about the same as asphalt, so you won’t need to reinforce your roof structure. They are manufactured from a variety of compositions, including plastic/polymer, clay, rubber or asphalt. However, faux slate is more slippery than real slate, so if you’re located in a snowy area, you need to consider installing snow guards to prevent any ice from sliding down and possibly hurting someone. Faux slate is another roofing solution that will increase your home’s value.
Depending on your budget and taste, your roofing choice will help to raise the value of your home. Also, note that some neighborhoods or towns might have by-laws on the minimum roofing requirements, so check that as well. Newer materials that are affordable are also being used for cheaper roofing, so make sure to do some research before committing.