Over time, the humid Atlanta weather and sunshine can wear away on your roof. But is a new roof a good investment? The answer is: it depends.
Douglas Construction, Atlanta's roof replacement service, explains how much you can expect to recover from installing a new roof. These local Atlanta roofers can answer roofing questions and tackle repairs and replacements.
In general, you'll recover 68% of your new roof's average cost as the increased value of your home. However, some studies by the National Association of the Remodeling Industry show that a new roof could increase your appraisal value beyond that. The new roof could provide a return on investment of up to 109%.
What factors affect how much money your roof returns?
If your roof is relatively new and in good condition, replacing it isn't a good investment. Shingle roofs last up to 30 years, and most don't require replacement before they're 15 to 20 years old. If your roof is five years old or less, you shouldn't worry about its durability for another decade at least.
If your roof is at least 15 years old, it's less resistant to storm damage, so a new roof might give you a good return on investment. If you don't plan to live in your Atlanta forever home, consider replacing your roof when it's around 15 years old.
Is a new roof a good investment in Atlanta? The city's housing market affects your roof's profitability. If the market currently favors sellers, replacing your roof makes your house attractive to potential buyers and maximizes your profit.
Before you install a new roof, speak to a realtor to understand the current Atlanta housing marketing demand.
The type of roof you select affects how much you'll increase your home's value. Materials that offer durability and energy efficiency cost more, but potential buyers pay more.
You should also consider curb appeal. Installing a roof that looks vastly different from the rest of the neighborhood might turn away buyers.
If you can check off any of the following factors, it might be time to replace your roof.
Always repair minor damage immediately. However, a full replacement returns more money long-term for certain types of damage, including:
Nearly one-third of realtors report that a new roof motivated the buyer to make an offer.
Replacing your roof when it reaches 15 years old might save you more money long term when compared with repairs. Your roofing contractor can help you decide.
Is a new roof a good investment? It depends on several factors, but if your roof is old or damaged, roof replacement can significantly increase your property value. Douglas Construction can help you decide if it's time to replace your roof and educate you on the risks of putting off a roof replacement. Get in touch today to schedule a consultation!
