Hint: A New Roof will Increase Your Home Value in Littleton, Colorado!
For most Littleton, CO homeowners their home is their biggest investment. According to a 2021 survey conducted by Gallup in the United States, 53% of respondents considered real estate, including their primary residence, as the best long-term investment option. When its time to sell your home you should seriously consider replacing your old roof to maximize your return on that investment. Indeed, replacing a worn out, old roof may very well be your best way to maximize the value of your home when its time to sell!
Most homeowners perform up-keeping tasks to enhance the look of their homes. These up-keeping tasks may look like, pressure washing the house or driveway, mowing the lawn, removing weeds and trimming bushes. These simple tasks help improve your property’s condition and increases its curb appeal. Larger home improvements like remodeling a kitchen, bath or basement have obvious benefits too. However, roof maintenance is often overlooked because it can be challenging to determine your roof’s condition for the average home owner.
Your roof is essential for protecting your home’s exterior and interior. It keeps the outside elements from coming in. However if it’s in poor condition, it cannot protect or prevent nature from invading your space.
Keep in mind that if you’re getting ready to sell your home …. Anderson Builders offers FREE ROOF INSPECTIONS to Littleton and nearby homeowners. One of our expert roofers will come out to your home and give you a professional evaluation about the condition of your roof. If you’ve experienced hail damage or storm damage you might want to have us check it out for free!
Another reason to keep your roof in good condition is to increase your property’s value. Potential buyers in the Littleton and Denver area consider your roof when deciding on their offer. They know hail and wind frequently does damage here. Since your roof can play a vital role in selling your property, many homeowners wonder if they should replace their roof before listing.
How Much Value Does a New Roof Add to Your Home?
The first thing prospective buyers see is your home’s exterior.
Problems with an Old Roof
A worn out, old roof is a large part of the exterior of your home. When your roof looks old and worn out it directly affects (in a negative way) your curb appeal. Just like weeds or peeling paint effect your curb appeal, damaged or old shingles negatively affect your home’s resale value and will result in the following:
- Lower offers: Buyers may subtract the roof replacement cost from their offer.
- Less offers: You may attract fewer buyers if your home requires large or expensive repairs.
- Longer sales process: It may take longer to close on your property because after home inspections buyers may want to lower the sale price or require that you get a roof repair or replacement before they move in.
Benefits of a New Roof
- Curb Appeal: An attractive roof improves the overall curb appeal of a home, making it more visually appealing to potential buyers. First impressions matter, and a well-maintained roof can significantly enhance the perceived value of the property. A new roof not only looks great to home buyers, it prevents a large red flag on home inspection reports.
- Energy Efficiency: Upgrading to a new roof can include energy-efficient features such as improved insulation or reflective materials, which can help regulate the temperature inside the house. Energy-efficient roofs can reduce heating and cooling costs, making the property more appealing and valuable to potential buyers.
- Longevity: A new roof typically comes with a warranty, which assures buyers that they won’t have to worry about major roof repairs or replacements for a significant period. The longer lifespan of a new roof can be seen as an added value and may positively influence the perceived worth of the property.
- Home Value: Best of all, a new roof increases your home’s value so you’ll get more money when you sell your Littleton home.
Yes…A New Roof Increases Home Value!
Across the nation a recent study found that a new asphalt roof increases a home’s value by $17,807 and offers homeowners a 61.1% return on investment. In Littleton, Parker, Highlands Ranch and all over Colorado, a new roof is a huge plus to your homes resale value. In a more challenging real estate market, a new roof is critical to getting the most money from your home’s sale.
In fact, there are numerous studies and industry reports have highlighted the impact of home improvements on property value and resale potential. Here are a few sources that discuss the influence of roof renovations on home value:
“Remodeling 2020 Cost vs. Value Report” (Remodeling Magazine):
This annual report provides insights into the value of various home improvement projects.
It includes data on the cost recouped and the increase in home value for different renovation projects, including roofing replacements.
Accessible at: https://www.remodeling.hw.net/cost-vs-value/2020/
“Renovations That Yield the Best Return on Investment” (National Association of Realtors):
This article discusses the impact of various home renovations on resale value.
It emphasizes the importance of roof replacement and highlights it as one of the projects with a high return on investment.
Available at: https://www.nar.realtor/blogs/styled-staged-sold/renovations-that-yield-the-best-return-on-investment
“How Does Your Home’s Appraisal Value Impact Your Mortgage?” (Zillow):
This article explains the role of appraisals in determining home value and how different factors, including roof condition, can influence the appraisal process.
It provides insights into the potential impact of a new roof on home value.
Accessible at: https://www.zillow.com/mortgage-learning/home-appraisal/
Call us today at 303-829-6276 or email us to have us do a free roof inspection and see how your Littleton home’s roof condition is holding up. We can offer a quick roof installation typically to get the sale process underway.
