Forever Exteriors Logo

Will a New Roof Increase Appraisal Value in Cumming, GA?

If you have a home in Cumming want to put on the market and fetch a great price, you might ask, "Will a new roof increase appraisal values?" A beautiful, sturdy roof is highly attractive to homebuyers, so replacing your roof might be the ideal home renovation investment.

Forever Exteriors is a top roofing company in Cumming, GA. Their team explains how a new roof could influence your home's value below.

How New Roofs Influence Appraisal Values in Cumming 

Most homebuyers prefer properties in Cumming that don't need major improvements. A property with a new, visually appealing, well-maintained roofing system is a bonus to buyers, unlike an older roof that's more likely to have leaks, damaged shingles, and other problems.

Will a new roof increase appraisal values for your Cumming property? Yes, it can. According to the 2019 Cost vs. Value Report for Atlanta, Georgia, the average cost of a new roof with asphalt shingles is about $22,000, with homeowners recouping almost 73% of the project's expenses when selling their homes.

Depending on how much you spend on the roof replacement using a personal loan, credit card, refinanced mortgage, or Title 1 Home Improvement Loan with a payback timeline maximum of 20 years, your roof replacement could be a worthwhile investment to help sell your house.

Before starting this home improvement project, consider the top four factors that'll have the most impact on your appraisal value in Cumming.

1. Your Existing Roof's Condition

One of your main responsibilities as a homeowner is roof maintenance. Routine inspections, cleanings, and repairs keep the system in great condition. They'll also make your home more attractive to buyers who prefer not to deal with a damaged house.

Appraisers will also know if your roof is in poor condition, so your home's value will suffer. If a buyer expresses interest in your property despite the poor condition of your roof, they may give you a lowball offer to offset the cost of a new roof. 

It might be best to get professional roofing repairs instead of a total roof replacement if your roofing system is relatively new but has minor damage or cosmetic issues. Repairs are typically less expensive than roof repairs, and the service will show buyers and appraisers that your house is well-maintained. 

2. Your Selected Roofing Materials

Roofing materials seriously impact roof replacement costs and home appraisal values. However, installing the most luxurious roofing materials with high-end features like skylights won't yield a better return on investment if your new roof doesn't match your neighborhood. 

Consider this: if your house is in an upscale Cumming neighborhood, the houses would likely have high-quality roofing materials. Your roof replacement materials should match the quality and style of those in your neighborhood to ensure your property's improvements yield a good value. Conversely, putting those same materials on a starter house in a lower-income neighborhood won't raise your home's value by much. 

Asphalt shingles are the most popular residential roofing materials. They're affordable and come in high-end luxury models. Metal roofs are gaining popularity, but they're more expensive to install and often yield a smaller return on investment than asphalt shingles. 

3. Current Market Conditions

Will a new roof increase appraisal values despite market conditions?

Getting a roof replacement to increase a house's appraisal value won't work in every market. Market conditions influence home improvement values. In other words, new roofs will add more value to properties in some places than they would in others. 

Before selling your house in Cumming, Georgia, contact local real estate agents and home appraisers who know the current housing market. They can provide regional data and personal expertise to advise you on the best home renovations that will maximize your house's value the quickest. 

4. Energy Efficiency

Homebuyers also prioritize energy efficiency in new properties. A cool roof contains materials in specific colors that reflect more sunlight than traditional roofs. As a result, the system will absorb less heat into the house, reducing the need for excess energy consumption for the HVAC system. 

Let Forever Exteriors Tend to Your Roofing Needs

The short answer to "Will a new roof increase appraisal values?" is yes, but only with professional help. If you're ready to sell your home in Cumming, Georgia, the team at Forever Exteriors can provide the roofing repairs or roof replacement you need to boost the property's curb appeal and ensure the property's structural integrity is intact.

This family-owned company is licensed, insured, and committed to excellence. They can also spot signs of a bad roofing job. Contact Forever Exteriors today to request a consultation or free video assessment.

chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram