Home Safety And Security
First and foremost, a new roof pays you back by providing a safe, dry place to live.
If your residence has an older roof or you suspect the roof is damaged, an inspection can identify existing or potential problems. Issues that will require attention include:
- Cracked shingles
- Sagging areas of roofing
- Lost granules or chunks on the ground or in gutters
- Wintertime ice dams
- Buckling shingles
- Recent apparent damage from hail and wind
If you discover damages, the severity of the problem will dictate whether you can make repairs or whether a new roof is a more suitable option.
Increase Curb Appeal
A new roof increases the visual and curb appeal, which also raises home resale value. Whether you have plans to stay in your home for a while or you’re thinking about selling in the future, a new roof makes your home more marketable.
Not only does this directly impact the home itself, it positively impacts the surrounding neighborhood. When everyone invests in their home, they’re investing in their community as well.
Everyone prefers to live in an attractive neighborhood!
Increase Market Value
Well-kept and upgraded homes in desirable neighborhoods move quickly. This demand helps drive up asking prices, which is favorable for sellers. That’s why many people make strategic cosmetic upgrades before listing. A new roof will attract attention and higher offers significantly when the interior of the underlying home is also upgraded and modern. According to recent data statistics, installing a new roof can increase home value by roughly $12,000. Be mindful; this is only an estimate. Factors such as current real estate market trends can impact individual results.
Installing a new residential roof could reap additional benefits of residential energy credits, tax incentives, or energy rebates from State or Federal agencies.
If your home supports it, strategically adding solar panels can help offset energy costs and qualify you for more credits and incentives.
While we can offer general advice on tax incentives, we recommend consulting with your tax professional for more information on these credits and bonuses.
How Much Will My New Roof Cost?
Unfortunately, there is no one size fits all answer to this question. That’s why it’s best to contact a trusted local roofer who can give you a free, accurate estimate for roofing your home.
It’s important to remember that the roofing materials you choose will directly impact the price. Long-lasting, durable roof materials cost more upfront but are less expensive to maintain. Almost all roofing materials come with extended warranties, which helps offset some costs over time when problems are covered.
Ways to Finance Your New Roof
Qualified homeowners can tap into any one of many roof financing options. The first option is paying in cash if you have the savings to cover the expense. However, for many, this isn’t an ideal solution. Since this is a significant purchase, tapping into credit lines or securing financing through the company could be more flexible solutions. If a HELOC (Home Equity Line of Credit) is available, this loan is specifically for home improvements and may offer lower interest rates.
All of these options allow you to pay for the roof using convenient and affordable installment payments over time. We hope this helps explain how investing in a new roof for your home can pay you back. If you’re a residential homeowner in need of new roof installation or repairs in the Greater Boston or South Shore of Massachusetts, contact the experts at Flynn Roofing today.
Newer or Improved Older Houses Move Fast
Dumpy houses sit on the market for a long time. During that period, newer and well cared for older homes kept selling. The difference in how long it takes pays dramatic testimony to how powerful the attraction of not having to fix a house you paid for is to most homebuyers. Who can blame them? They’re taking on a large loan to buy a home and after that, expecting them to perform an endless series of improvement projects is daunting.
Improve Your Home’s Value To Avoid a Low Offer Price
Ultimately, all home improvements are to boost the asking price. Homeowners are aware that they can’t sell a rundown shack for the same price as peak properties. They will have to invest some money to ensure the place will at least interest some. The roof is a focal point for buyers and is an ideal place to start when it comes to driving up the value. Leaky roofs cause untold damage, and few people will purchase a structure with visible water damage.
No one wants to inherit headaches and deal with neglected structural issues unless they’re getting a massive discount. That’s why people with roofs that need work are better off upgrading before attempting to sell. That way, they can get a better deal rather than haggling with flippers and others who will do the work and resell at a higher price. Contact Flynn Roofing today to discover how our team can help you.
In an attractive interest-rate environment, coupled with an in-demand home sales market, investing in new roofs is a top way to extract the most value. Buyers seek new features and the least amount of extra expenses, especially when they pay top dollar for a dwelling. By giving them what they want, you ensure a faster sale at a higher price. You also receive all the benefits of new roofing while you live there.
However, investing in roof upgrades and repairs shows a positive ROI for homeowners because they’re crucial to the occupants’ overall environmental safety and security. If you can finance the improvement and your area is desirable for new buyers, a new roof can be one of the best moves possible.