September 23, 2023

MyDesignDept

Carefully Crafted Home

What Type of Roof Adds the Most Value to a Home?

Your roof is the most important component of your home. You will need to replace your roof if it is worn out.

You are not the only one with an old roof. According to the federal government, every year, 2.3 million single-family houses in the U.S. will have their roofs replaced.

This article will discuss whether or not replacing your roof is worth the cost, as well as the benefits and when you should replace it.

  • Are you looking for a HELOC
  • Is a new roof going to increase the home’s value?
  • Installing a roof costs
  • How often should a roof be replaced on a house?
  • How do I finance a roof repair?
  • Next: Is it a good investment to buy a new roof?
  • Is a new roof going to increase the home’s value?

A new roof can usually increase your home’s value. It’s worth asking if it’s worthwhile.

You will need to compare the home’s value to the cost of the project. Your choice of the roof will determine the amount of your home’s value and return on investment.

Asphalt roof replacement

Remodeling’s 2022 cost-vs.-value report shows that replacing your roof with asphalt shingles can increase your home’s value by $18,780. This assumes that you have a rectangular roof with two regular-sized skylights and a vented ridge.

Your asphalt shingle roof will provide a 59.6% return on investment. This means that the home’s value will increase by the same percentage as the cost of the project.

Replacement of a metal roof

According to Remodeling, a new metal roof can increase your home’s value by approximately $28,196. This is a higher increase than an asphalt roof replacement but you will also have to pay more. According to the report, this leaves you with a 54.8% return on investment.

These figures assume that you will need approximately 3,000 square feet of standing seam metal roofing over a rectangular hip roof with two skylights of average size and a vented edge.

Installing a roof costs

Your roof replacement cost will depend on the materials you use, the size of your roof, and the complexity of your roof. These estimates are for a hip roof measuring 3,000 sq. ft. with two skylights. These estimates can help you get an idea of the cost of your roof.

Asphalt roof replacement

According to the Cost vs. Value Report, replacing a roof with asphalt shingles will cost $31,535, This includes flashing, new underlayment, and drip edging, as well installing new fiberglass asphalt shingles with a minimum 25-year warranty.

According to HomeAdvisor, the majority of asphalt roof replacement costs come from labor. The project takes approximately a week.

Replacement of a metal roof

According to the Cost vs. Value Report, replacing a metal roof will cost you $51,436, which is quite expensive. This includes the installation of an ice barrier, premium underlayment, and prefinished standing seam metal roofing.

How often should a roof be replaced on a house?

The type of roof you have will determine how often it needs to be replaced. It also depends on where your house is located. According to HomeAdvisor, an asphalt shingle roof should last between 15-30 years. Homes in warmer climates will need to have it replaced sooner.

According to the Metal Roofing Alliance trade association, metal roofs are stronger and can last up to 50 years. A metal roof can be installed in a matter of days.

This article was written by a roofing professional at Roofing.co. At Roofing.co, we’re determined to be the only one you need to hire when looking for roofing companies in Tampa. We take a modern, professional approach to the roofing business in order to ensure our customers in St. Petersburg and the Central Florida region have the best possible experience whenever they choose us.