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According to research from the Appraisal Institute, a new roof typically increases a home’s value by about $12,000 to $20,000. This figure can vary depending on the size and slope of the roof as well as the material used and labor costs. Additionally, research showed that an asphalt shingle roof was most beneficial in adding value since it is more affordable but still provides good protection for your home. If you plan to sell your home soon, investing in a new roof will likely be wise because potential buyers may be willing to pay slightly more given its condition and increased durability.
Ultimately, investing in a new roof can help increase the overall value of your home while also providing better security against potential damage or extreme weather. While there are many factors to consider, it is important to make sure you select the right material and professional guidance that works best for your home. With a little bit of research and planning, you can easily increase the value of your home with a new roof.
Finally, investing in a new roof can also improve energy efficiency. This is especially true if you choose materials that reflect sunlight or contain insulation. A more energy-efficient roof will help keep your home cooler in the summer months, saving on air conditioning costs throughout the year. Additionally, this could potentially add even more value to your home when selling due to its increased energy efficiency capabilities.