A new roof could increase the value of your property, whether it’s domestic or commercial. Find out more about this today!
Can a new roof increase the value of property?
It is well known that the house market isn’t as good as it could be at the moment. The truth is that the current economic crisis means that people simple do not have the money to invest in new homes like they once did. This means that if you are someone who wants to sell their home, you really need to up your game and make an effort if you want to get the best possible price for it.
Thankfully a recent survey by Halifax has shown that towards the end of 2013, confidence is returning to the housing market, which means people will be in a better position to get a good price for their property. Rightmove recently released figures to show that London prices had risen by 10% and the rest of the country by 2.8% – great news for anyone looking to sell property. You’ll still want to make sure you do your best to get the maximum property value for your home.
Generally buyers want a home that they can move straight into, so any work that needs doing will put them off. So if you have rooms that are undecorated or windows that need replacing then you’ll need to lower the price of your home enough to ensure that you grab potential buyers interest.
The roof of the home is no exception and if you want your home to sell for the maximum possible price then it should be in tip top condition. The roof is part of the main structure of your home, so you want to be able to boast to buyers what a good condition it is in.
The good news is that the amount you would spend on a new roof is much less than it could increase the value of your home by. Being able to tell buyers that the roof is brand new and therefore should last them a number of years is a fantastic selling point and one that allows you to add value to your selling price. This is especially the case if the roofing contractors you have used have given you a long lasting guarantee that you can pass on to the buyers.
If you are unable to afford a new roof, or you simply think that your property doesn’t need it then why not look at getting basic repairs done? Most roofing contractor companies will offer you repair services, which means that your roof is back to its original condition without the investment costs that a brand new roof might ask for. This won’t increase the value of your home as much as a brand new roof, but being able to tell potential buyers what good condition your roof is in will certainly help!