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How A Roof Can Increase Your Plano Home’s Value

Feb 5, 2021 | Blog, Plano, Roof Installation

Replacing the roof of your home is no easy feat and major projects like a roof replacement can often bite a large chunk out of your savings. But replacing a roof that is in disrepair is important for the safety of your home and your family. If you intend on reselling your home, a newly installed roof can have a major impact on your home’s resale value.

 

Let’s take a look at how a new roof can increase the value of your home.

According to Remodeling Magazine, there are several home improvement and remodeling options that can increase your home’s resale value. Things such as kitchen renovations, bathroom remodeling, deck installations, bedroom extensions and new roof installations. The magazine also conducted a survey that aimed to determine which remodeling project had the greatest investment return, and it found that a new roof installation was able to recover 62.9% of the original cost once the house was resold.

According to statistics, a new roof installation can increase your home’s resale value by nearly $12 000. This thus concluded that considering all home renovation and remodeling projects, a new roof adds the greatest value to a home’s resale value.

 

How A New Roof Affects The Value Of Your Home

A new roof adds tremendously to your home’s curb appeal, it improves your warranties and it also lower’s your utility bills, in comparison to an older roof. Homeowners often forget that your roof is a major insulator. By installing a new roof, you’ll most likely be using new materials and technology than a roof that was installed 20 years ago. Due to technological developments over the years, chances are that your new roof will be better at keeping your home cool in the summer and warm in winter.

When reselling your home, your roof is often the first thing that home inspectors and realtors check for. If your roof is in disrepair, you risk your roof being placed in the “fixer-upper” category, automatically lowering your home’s resale value.

 

Roofing Cost vs. Value

On average, a new roof installation can cost you about $7500, this obviously increases and decreases based on the materials used, as well as the quality of workmanship. An excellent roof installation can increase your home’s resale value by $12 000, thus increasing your returns by a few thousand dollars. Be sure your chosen Plano roofer is experienced and reliable.

One guaranteed way to ensure that you get the most out of your roof is to conduct regular inspections and tend to roof repairs as soon as possible.

Looking for professional residential roofing solutions, give Lumen Construction Roofing in Plano a call today.

Lumen Construction Roofing - Best of HomeAdvisor

Lumen Construction Roofing IconLumen Construction Roofing

5700 Tennyson Parkway #300, Plano

5.0 115 reviews

  • Avatar Shabnam N ★★★★★ 2 weeks ago
    Lumen Construction has done some great job with my gutters. Everything was so professional.
    Ross was so helpful with the advise.
    Recommend Lumen Construction for any Gutter job...
  • Avatar T. Cutt ★★★★★ 5 months ago
    I worked with Phillip and it was an amazing experience! We had a rainstorm inside the house after a storm and he came over gave us options, followed up, communicated without making me feel dumb for not understanding roofing. 10/10 will … More use this company when we replace the roof!
  • Avatar Rohan Kharwar ★★★★★ 6 months ago
    Ross and Philip provided exceptional service. We had been having roof leaks for more than 2-3 yrs in certain spots in the house.We had this inspected by multiple roofers and no one was able to figure out where the water was coming from … More in the house as there were no obvious signs of roof damage. Ross and Philip were onsite multiple times and helped figure out the issue and fix it. They were always very professional, always came on time and above all figured out the problem.
    They definitely went above and beyond.
    Regarding the work, they went over all the steps in detail. The work was clean and neat. We will definitely call them for any roofing issues.

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