Everyone wants to have a home that is both valuable and aesthetically appealing. This is especially true in Seattle, where rain can cause your roof to deteriorate significantly. If you’re wondering whether a roof can add value to your home, you’ve come to the right place.
Below, we’re going to discuss the benefits of having your roof replaced.
Is a New Roof a Good Investment
A new roof is a good investment for a number of reasons. For one thing, you’ll be saving yourself a significant amount of money in the long run. If you don’t replace your roof, you might be looking at a number of complications; including:
- Gutter failure
- Roof damage
- Chimney damage
That’s just the beginning of the problems you might face. Gutter failure is caused by excessive weight being placed on your gutters. This can happen because of rain, debris, or other materials. When too much pressure is placed on a gutter joint, it has the tendancy to fail and once one fails, even more pressure is placed on remaining joints and they fail as well.
If you want to prevent your gutters from having too much weight placed on them, you should attempt to remove debris from them. This way, your gutters will have fewer chances of failing.
Gutter replacement can be costly and can lead to other problems, but that isn’t the only problem with putting off a new roof. Your roof can sustain more damage. This is especially true if your roof is already damaged because grime and materials can get caught on your damaged roof and can cause more damage.
Both leaks and floods are common when you don’t replace your roof. When you have damages or usual wear and tear, water can collect more easily on your roof. As a result, the pooled water may find its way through your roof and into your home. This can cause complications with your home’s structure, as well as complications with your chimney.
Not only this, but buying a new roof does provide you with a safe investment to add value to your home. The combination of value and long-term advantages has us convinced that buying a new roof is valuable.
How Much Does a New Metal Roof Improve Home Value
When we discuss the value of a new roof, we’re talking about a return on investment. The higher your return on investment, the better your investment will be. You should also know that a return on investment will determine how efficient your investment will be. In Seattle, it’s likely that you’ll experience a 70% return on investment. Exactly how much money you make from this roof will depend on how much you invest in it; however, it’s estimated that you’ll get 70 cents of every dollar you spend. Compared to other investments, this is quite a bit to go on.
Keep in mind that your roof will last several decades, so you shouldn’t buy cheaper materials. This might indicate that the material you buy won’t last as long as others would and, therefore, you might have to spend more money later on because you’ll have to replace your roof more often.
Metal Roof vs. Roof Shingles Resale Value
The major benefit of having a metal roof is that it can raise the overall value of your home significantly. The long life expectancy of these roofs can raise the resale value of your home by up to 6%. At its lowest, you’ll still be able to resale your home for 1% more when you have a new metal roof.
Compared to a shingle roof, metal roofs are a safer bet for most homeowners. That’s because shingle roofs need to be maintained more frequently and they could cost more than you want them to if you’re planning to resale your home.
Shingles can be more attractive for those who have the means to keep up maintenance and for those who want to put off selling their home.
Buyer Wants Seller to Pay for New Roof
There are a few reasons as to why a buyer might want the seller to pay for a new roof. For one thing, it can be frustrating to buy a new home and find out that renovations are needed immediately. For another, it’s much easier to buy a home when you know that all reparations have been done.
If a buyer wants a seller to pay for roof replacement, you should remember that the seller is not obliged to do so. That said, most sellers do not have a problem with performing repairs before a buyer moves in because the home’s damages aren’t the buyer’s fault. If the seller refuses to pay for the roof, the seller can always demand a lower cost for the house because of ir. Once again, the seller is not obliged to lower the asking price of the home, but this could be an opportunity to set a trusting relationship between the buyer and the seller.
Roof Problems after Buying a House
We already told you a little bit about roof problems that you could come across; however, there are others that you could encounter after buying a house initially. To find out if you have any roof problems, you should climb onto your roof first.
When you climb onto your home’s roof, you’ll be able to see if there is any damage on the roof. Scratched, broken tiles, or broken shingles can be signs that your roof is going to have problems in the future and at the very least, you’ll need to have your roof replaced.
Now, you might be wondering what to do if you buy a house and discover roof problems after buying. The first thing you need to do is to find out whether your buying contract discusses anything about roof problems.
Some contracts will state that the seller promised a renovated house or a damage-free house. If this is in your contract, you’ll want to contact the seller of the home. If you’re not sure what to do, lawyers or realtors are also good options when you need to have a home-buying contract that needs to be reread.
We know how important it is for you and your family to have the home of your dreams. Seattle might be the city of rain, but it’s also the city of beautiful home investments. That’s why you might be wondering whether a new roof will add to the overall value of your home.
In short, it will. When you have your roof replaced, you can expect to get 70% of your investment returned and your home will be worth up to 6% more. The exact resale value will depend on how long ago your roof was replaced, the materials used, and more!
If you have any questions about your home and your roof, let us know! We love to address the inquiries of all our viewers.