Is A New Roof Improvement Value

Remodeling s 2019 cost vs.

Is a new roof improvement value.

Value over time than a common asphalt roof. Value report 2019 shares the average price of popular home renovations and the savings such improvements can. That works out to 68 percent of the investment. One study finds that a new roof is a reasonable investment.

Value report found that the average american homeowner spends 22 636 on a new asphalt shingle roof of midrange quality. But even if you don t see a huge financial return a new roof can make you more likely to get full asking price lower time on market and smoother negotiations. When you consider the fact that a single roof leak can cause more than 20 000 in damages replacing the roof is one major home improvement that definitely seems to be worth it. As a general range a new roof can add up to 12 000 to the overall value of your home dependent on a number of factors many of which are listed above.

But the results of the remodeling impact report show that 32 percent of real estate agents said a new roof recently helped them cinch a deal for them. A new roof can increase home value but you might not see a 100 return on investment very few improvements if any offer a full recoup of money spent. That new roof will increase the home s value by 15 427 on average. At 8 150 or 109 of the original investment.