The most frequently made inquiry, when it comes to selling a house, is, “if selling a house can i recoup a new roof?” What he really wants to know is whether the money spent on a new roof will return some value when he finally places his property on the market.
Replacing a roof involves one of the biggest expenses in terms of capital investment, but what is equally important is to understand its effect on resale value, buyer appeal, and market position.
Read also: 4 Best Time to Sell My House in 2024: Insider Tips for Maximum Profit!
Does a New Roof Increase Your Home’s Value?
A new roof can be priceless. The NAR estimates that homeowners will be able to recover about 60- to 68% of their roof replacement cost when they sell.
Though not full value, it is one of the best home improvements in terms of return on investment-particularly for homes located in areas where inclement weather is more frequent.
Benefit of Replacement before Selling
- Buyers’ Confidence: In general, buyers are suspicious of properties that are in need of expensive repairs. A new roof gives them the assurance that no major maintenance is needed hence probably hastening the sale.
- CurbAppeal: A new and well-maintained roof adds to the exterior appeal of your property for the prospect buyers’ interest and may attract higher offers.
- Home Inspection Favorability: Roofs are among the most significant items a flagged inspection will list. An inspected house with a new roof can save you a lot of extra time due to inspection delays or renegotiations.
California and Florida, it has been observed that homes with freshly replaced roofs sell 5-10% quicker than homes that require a new roof.
| Roof Replacement ROI by Region | Average ROI (%) |
|---|---|
| Northeast | 65% |
| Midwest | 60% |
| South | 68% |
| West | 62% |
Case Study: New Roofs in High-Value Markets
In competitive markets like California and Florida, it has been observed that homes with freshly replaced roofs sell 5-10% quicker than homes that require a new roof.
This addition could be a deciding factor in competitive bids, since buyers are leaning more toward “move-in ready” properties.
Final Thought: If selling a house can I recoup a new roof cost?
While you may not recoup every dollar, a new roof can still be a sound investment when selling, particularly for creating appeal and ensuring smoother transactions.
