Does A New Roof Increase Home Appraisal?

If you’re looking to improve the value of your home, you’re probably seeking out the best ways to do so. During your search, you might’ve wondered whether or not adding a new roof is a sure-fire way to increase your home appraisal.

Well, you’ve come across the right article! You’ll find all your answers here, along with helpful information about choosing the right kind of roof to achieve the best value increase.

Let’s start by answering your first question.

WILL INSTALLING A NEW ROOF INCREASE MY HOME’S VALUE?

A new roof installation will most likely increase the value of your home. This is because most buyers look at the condition of your property’s roof before they decide to purchase it. The more attractive the house, the more likely it will sell for a higher price per square meter than other homes in your neighbourhood.

Roofs are the first thing the appraiser sees. If the roof is damaged, old, doesn’t meet current building codes or has leaks, it’s a red flag to the appraiser that other problems may exist with your home.

Of course, the changes you make to your home’s roof need to go hand-in-hand with other improvements around the home. For example, adding a new roof might not make much of a difference to your home’s value if the external walls are in poor condition or if the internal space needs a whole new fit-out.

However, if the rest of your home is in great condition, but the roof is looking a little outdated or worse for wear, installing a new roof will certainly increase its value.

SELECTING THE RIGHT KIND OF ROOF

To increase the value of your home as much as possible, it’s crucial to make an informed choice when selecting a new roof.

Firstly, you should first make sure your new roof will withstand potential disasters, such as strong winds and heavy rain. You should also pick a roof that complements the style of your home and the area you live in.

The colour or design you choose might seem trivial, but it can affect your home’s value. It’s best to choose a universally appealing colour, such as black, terracotta, or brown, along with a style that gels well with other homes on your street.

It is best to speak with an expert before making this decision, as they will have all the information you need about various roofs and their distinctive pros and cons.

HOW AN OLD OR DAMAGED ROOF CAN AFFECT YOUR HOME APPRAISAL

If you’re considering keeping your old or damaged roof, you might want to reconsider.

Roofs are a critical part of a home’s exterior, and they have a remarkable impact on curb appeal. A damaged roof reflects a lack of care to potential buyers and appraisers, causing them to assume there is further damage inside of the home.

FIND OUT MORE

To find out more about the roof installation process—or to receive your FREE quote—drop us a line on 07 5499 7500 today. You can also submit an enquiry online and our friendly team will get back to you in no time.