Will a new metal roof increase my property value?
Metal roofing is an investment. Some homeowners can’t justify spending thousands of dollars on a new roof, whereas other people easily see the benefits. Did you know that metal roofing can actually increase the property value of your home? So whether you are in your forever home or you’re moving in the next couple of years, a metal roof is a worthwhile investment.
A new metal roof can provide you with a great return on investment in three ways:
- It increases energy efficiency while decreasing your insurance premium.
- It is low-maintenance and does not need to be replaced frequently.
- It raises the value and curb appeal of your home.
Will a new metal roof increase the value of my home?
The simple and straightforward answer is yes! According to the 2019 Cost Versus Value report, the cost of a new metal roof installation would immediately add 70% of that cost to the value of your home.
This was especially noticeable for higher-end roofing, which would have a higher payback. However, it is not quite this simple, as there are other factors to consider. Some metal roof panels, like metal tiles, are considered a high-end roofing material in Canada and provide a better return on investment than corrugated roofing.
Talk with the roofing contractors at Sudbury Metal Roofing to learn more about which metal roof is best for resale.
Real estate markets
Your local real estate market will also influence how much value a potential buyer places on a new roof. For example, if a home has a new roof and the potential buyer appreciates it, the value of the home will naturally increase. If your roof is in poor condition or is old and in need of replacement, it will have an impact on your selling price.
Ask your local real estate agent what metal roof designs are popular for current buyers in your area.
Maintenance and repair costs
Those of you who have sold a house before will know that buyers will hire home inspectors who will inspect and pick apart the roof, especially if it appears old and worn. They’ll then tell you it needs a new roof and try to negotiate a lower selling price.
The installation of a metal roof will help you overcome these potential obstacles to getting the best price for your home. People know that a metal roof has little maintenance and repair costs and will pay top dollar for that feature.
Invest in a metal roof
Overall, a Sudbury metal roof is a great investment that will increase the value of your home. It offers long-term benefits that will be a selling feature to home buyers. If you are looking to install a new metal roof on your home, contact us today. We will find the best roofing solution for your property to increase curb appeal and ultimately the price of your home.