How much value can a new roof add to your home?
Your home is probably the biggest investment you will ever make, so keeping in the best condition possible is essential if you want to hang on to your money. Fulham estate agent, Lawsons and daughters, advises “It’s always worth spending what you can on home improvements, and a new roof can add significant value to the price of your house should you decide to sell up. “
How much value a new roof can bring will depend on a variety of factors. Generally speaking, you can expect it to add between 15% and 40% in value- so a £300,000 property could end up selling for up to £420,000 if you go for an all singing, all dancing roof conversion with energy efficient solar panels. Usually, the more money your home is worth to start with, the more value a new roof can add. Other factors include the condition of the existing roof (obviously if it’s in a terrible state it stands to reason that a new one can only help!), how many interesting features the new roof has, and its architectural style. A roof is something we all take for granted, so if you want people to take notice and spend their extra pennies, the wow factor is always going to help.
Adding a new roof can also add value because it can increase the energy efficiency of your home. A roof that’s made from modern materials and is well insulated can significantly cut down on heating costs by helping keep warm air in, meaning you should spend less money on gas, oil or electricity. Solar panels provide free electricity from a renewable source- particularly appealing to environmentally conscious house hunters.
If you can’t afford to go the whole way with a brand new roof, do take care of any patches that need to be repaired. Roofers will maintain and fix any areas that need work, eliminating problems further down the line and helping you achieve a fast sale. According to Bow estate agent, Peach Properties, it’s not just about new roofs and repairs-“Roofers will also take care of leadwork, guttering and can add features like skylights.”
There are several different kinds of roof- flat roofing (usually made from felt, fibreglass, rubber and silicone) are commonly seen in commercial buildings and flats, A-frames are often seen in cottages and gambrel roofs are popular in barn extensions. As well as these, there are a huge range of other styles so do your research and be clear on which types suit your house, style and budget.
When looking for a roofer, it’s always a good idea to do your research and read plenty of reviews before you commit. The National Federation of Roofing Contractors (NFRC) will be able to provide you with details of what you should be looking out for, and word of mouth remains one of the most trusted ways to choose a tradesperson. Make sure you see all the roofer’s insurance documents and be clear on how long the guarantee lasts and that you’re protected should the company become insolvent.
As Marylebone estate agent, Kubie Gold says, “If your roof is less than perfect, it may well prevent you from selling. Invest wisely, fix any repairs and you’re much more likely to achieve your asking price.