Is A New Roof Improvement Value

Remodeling magazine s cost vs.

Is a new roof improvement value.

The average cost of a new roof comes in at 7 500 and the boost to value resulting from the new roof comes in even higher. Value report found that the average american homeowner spends 22 636 on a new asphalt shingle roof of midrange quality. One study finds that a new roof is a reasonable investment. Value report 2019 shares the average price of popular home renovations and the savings such improvements can.

But even if you don t see a huge financial return a new roof can make you more likely to get full asking price lower time on market and smoother negotiations. Value over time than a common asphalt roof. At 8 150 or 109 of the original investment. That new roof will increase the home s value by 15 427 on average.

As a general range a new roof can add up to 12 000 to the overall value of your home dependent on a number of factors many of which are listed above. Remodeling s 2019 cost vs. But the results of the remodeling impact report show that 32 percent of real estate agents said a new roof recently helped them cinch a deal for them. That works out to 68 percent of the investment.