How Much Value Does a New Roof Add to a House?

Wondering How Much Value a New Roof Is Worth? We’re Sharing Some Info

Whether you’re looking to sell now or a few years in the future, it’s never a bad idea to add value to your home. In the current residential real estate market, with very few buyers completing purchases in 2024, it’s essential to make your home more attractive in order to get more offers overall.

While making improvements to your home can help boost the list price, it can be hard to know which improvements offer the greatest return on investment compared to others. For example, how much value does a new roof add to a house?

At Skyline Contracting, our team has completed many roof replacement projects for hopeful home sellers. We’ve often seen that this can help boost the value of the home and ensure a more streamlined selling process. Here’s how a new roof can add value to your house before selling—and by how much.

How Much Value Does a New Roof Add to a House?

Overall, the amount of value added by replacing a home’s roof will vary depending on the cost of the replacement. On average, homeowners in the southeastern United States installing a new asphalt shingle roof typically saw around $17,500 in value added to their homes. That equates to roughly 60% of the average cost to replace the roof.

Additional Benefits for Selling Your Home

Adding value to your home is just one part of the home selling process. While the final price you get matters, so does the convenience of selling your home quicker, fielding more offers, and building a good relationship with potential buyers. Here are a few ways that replacing your roof can add value beyond the listing price of your home.

Get More Offers

Overall, homebuyers care about new features of a house they’re considering purchasing. Having a new roof is a major plus and may increase the odds of prospective buyers putting in an offer. This increase in buyers means more potential for value when it comes to ultimately selling your home.

On the other hand, an aging roof could drive potential buyers away, leading to less competition and potentially more offers below your asking price.

Sell Your Home Faster

On a related note, because homes with new roofs are more attractive to buyers, you’re also more likely to complete your home sale faster. With a new roof, offers are more likely to be around your asking price, and with more offers it’s more likely that you’ll be able to complete the entire sale process with one of your prospects.

Keeping a home on the market for a long period can add to costs and be a headache overall. With a new roof, you’re more likely to complete the sale quickly so that you can move into your new home sooner.

Build Trust with Buyers

The relationship between potential buyers and sellers can be strained at times. Some sellers may try to hide information, and buyers are wary of this possibility. By replacing your roof, you can gain the trust of prospective buyers, leading to a smoother and more open negotiating process.

Enjoy the Value Before Selling

Besides the value to potential buyers, replacing your roof also provides value to you and your family still living in the home. For those looking to sell in a few years, rather than immediately, this makes completing a roof replacement an attractive option.

For one, you can better protect the rest of your home, preserving its current market value by preventing damage due to leaks and other issues associated with failing roofs. In addition, new roofs are much easier and more cost-effective to repair in the event that damage does occur.

In other words, a new roof will provide peace of mind now, protect your investment for the future, and of course add more value when you do decide to sell your home.

Skyline Contracting: Gainesville’s Top Roof Replacement Experts

At Skyline Contracting, we’re the go-to Gainesville roofers for all your residential roofing needs. Our team specializes in delivering the right solutions for any situation—whether you’re installing a new roof to enjoy for decades to come or looking to add more value before selling.

We’ll work with you to understand your budget and needs before recommending materials and providing a full, honest quote. In need of a roof replacement? Get started with an inspection today!