Grey asphalt shingle replacement roofing with copper valleys.

As a homeowner, you may wonder, is getting a new roof a good idea? Or will a new roof be a good long-term investment? When doing any home improvements/repairs, it’s important to keep in mind what the ROI (Return On Investment) will be. In this blog, let Music City Roofers help you through all of your questions and concerns. 

Does a Roof Replacement Add Value to My Home?

To keep it plain and simple, yes, a roof replacement in Nashville

will add a lot of value to your home. The moment you notice your roof is starting to be worn down, that’s the moment your home begins to depreciate in value. 

Overlooked damage to your roof could also cause long-term problems. For example. Leaks, mold growth, structural damage, and in this case, decreasing the value and curb appeal to your home. Its important to keep in mind when thinking about listing your house on the market in the future. 

How Much Does a New Roof Increase Home Value

According to Credit Karma, if you were to replace your roof with new asphalt shingles, you would increase your home’s value by about $17,800. They also go on to mention how this new roof could net you a 61% return on your investment. 

In order to paint a better picture, let me give an example. Based on the 2023 Cost vs Value Report, the average cost to replace an asphalt shingle roof in Tennessee is around $29,000. It also gives us the info on how the national ROI average when doing a complete asphalt roof replacement is around 61%.

 All of this summed up means you can expect your home’s value to increase by around $17,000. Keep in mind that just like every home is a different price, every roofing material also brings its different price. 

Should I Replace My Roof Before Selling it?

When thinking about this question, you may go back and forth. Maybe you want to get the timing just right with the housing market before you sell, or maybe you want to make sure you contact the right company to check out your roof condition to start the process.  Regardless of the situation, here are some benefits when replacing your roof: 

  • A new roof will increase your home’s curb appeal. We have all walked past a home that looks nice and clean cut and admired it for at least a second, right? Well, that’s just what adding a new roof to your home does, it's proven to increase the overall aesthetic
    • If you were to put your house on the market today, how do you think your roof would hold up in this market? A homeowner is more likely to buy a home when they have peace of mind knowing they wont need a roof repair/replacement right away. I mean think about it, having to get a roof inspection and or roof maintenance right after move-in would be quite the buzzkill.
  • Avoiding a long selling process. It’s true, buyers are a lot quicker to make a final decision if they see that your roof is nice and sturdy. This will also help cut down on any negotiations they might want to start. If a potential buyer hears that your roof’s age is 18 years old compared to a brand new one year old roof, there me be a little bit of hesitation.
  • It will give you some peace of mind knowing that you took care of some big tasks. In 2023, The National Association of Realtors (NAR) conducted a study about home remodeling and its impact on the homeowner’s overall satisfaction and their overall thoughts. 
    • Their results were that 68% of homeowners had a greater desire to be in their homes once the remodeling process was finished. They also reference a “Typical Joy Score” when measuring, and in this case, the score was a 9.7. Overall, over half of the surveyed home
  • It will increase the property value and help when it’s time for the property valuation. A new roof can significantly increase the overall value of your home. Potential buyers often perceive a new roof as a sign of a well-maintained property, which can justify a higher asking sales price.

While replacing your roof before selling your home isn't always a straightforward decision, it presents an opportunity to enhance your property's appeal and potentially increase its value. By carefully considering the return on investment (ROI) and factoring in market conditions, you can make a proactive choice that not only improves the aesthetics and functionality of your home but also increases its desirability to potential buyers.

 Ultimately, investing in a new roof demonstrates your commitment to maintaining the property and can contribute to a successful and rewarding selling experience. Be sure to contact your real estate agent with any questions or concerns so that they can clarify anything.

Common Signs You Should Replace Your Roof

Although it’s not 100% necessary to get a new roof before putting your house on the market, it’s definitely a good idea to think about. This process alone can be a bit stressful, but don’t worry, we are here to help. It you notice some of the following potential problems, it’s probably a good idea to start contacting your locally trusted roofing company. 

  • Cracked Shingles/missing shingles
  • Roof Leaks/ water damage
  • Sustained wind/hail damage
  • Sagging roof
  • Damaged roof decking

If the damage isn’t too significant, you might be able to just get away with a simple repair instead of having to do a big replacement. Keep in mind that if the problems are at large, then you will want to go the safer route and get an entirely new roof. It seems jarring at first, but it’ll help in the long run with structural integrity and financial integrity. 

Various Roofing Materials and Their Market Appeal

If you choose to go the route of getting a complete roof replacement, then youll have a few options when it comes to materials. Some types of roofing materials could have different selling points, so youll want to keep that in mind. Not only that, but they could also help when it comes to your home appraisal process. 

  • Asphalt shingles: One of the most used shingles when it comes down to it. These are the classic shingles that are on most homes and will be the most familiar looking which could help be an easy selling a point to potential buyers.  With a decent lifespan and easy to install,  these shingles provide upwards of 17-25 years. 

What Do You Need to Consider Before Getting a New Roof?

Whether you are looking to just get a new roof, or you’re planning on selling your home, you’ll want to hire a professional to help you out. Not only do we offer very detailed estimates, but they are also free! 

The bottom line is that getting your roof done should be taken seriously and you should be able to trust your local roofing company. With over 15 years of experience and specializing in residential roofing, you can count on us to get you through the process as smoothly as possible. So, call us today if you have any questions or feel free to visit our frequently asked questions page!