Replacing your home’s roof is a big project. A common question for homeowners who are considering a new roof is: “Does a new roof increase home value?”
The answer is yes: a new roof increases home value and makes your home more appealing to buyers. To help you decide whether the time is right to replace your roof, here’s an in-depth look at how a roof replacement impacts the value of your home.
To get a free roof quote or inspection for your Louisiana home, call Parish Construction and Roofing, LLC at (318) 496-8405.
How Much Does a New Roof Increase Home Value?
If you’re planning to install a new roof, you can likely recoup between 50% and 70% of the cost of the roof when you sell your home. For example, if your roof replacement costs $20,000, it would increase your home’s value by $10,000 to $14,000.
The amount a new roof adds to your home’s value depends on several factors, including your location, the type of roofing material, and the housing market.
According to Remodeling Magazine’s annual cost versus value report, in 2019, an asphalt roof had an average return on investment of 68%, and a metal roof had an average return of 60.9%. In 2024, the return for shingle roofs is 56.9% and for metal roofs, it’s 48.1%.
Ways a New Roof Increases Your Home’s Value
In addition to adding value to your home, a new roof makes your home more appealing to buyers and can make it easier to sell. A new roof:
- Improves curb appeal. A new roof significantly improves your home’s curb appeal. The roof is one of the first things buyers see when they look at your home. If the roof is in poor condition, it immediately gives the impression that the entire home is poorly maintained. A new roof makes your home more aesthetically appealing and gives an initial impression that the home is well-maintained and in good condition.
- Attracts more buyers. Replacing a roof is a major expense for homeowners. A new roof can be a big selling point for buyers because it means they won’t have to worry about this expense or headache for many years.
- Makes your home more energy efficient. A well-installed, quality roof offers improved ventilation and insulation for your home. In addition, new roofing materials are more energy-efficient and can reflect more sunlight and make it easier to maintain your home’s temperature throughout the year. This lowers energy costs and makes your home attractive to buyers.
- Reduces the cost of homeowners’ insurance. The cost of homeowner’s insurance has increased significantly in recent years. A roof that is old or in poor condition means increased risk for insurance companies and higher premiums for homeowners. A new roof usually leads to noticeably lower insurance premiums, which is beneficial for homeowners and attractive to buyers.
- Reduces headaches for homeowners. A new roof means fewer leaks, less water damage, and a reduced risk of mold and structural damage. It also requires less maintenance and upkeep than an old one, making it attractive to homeowners.
How to Know When It’s Time to Replace Your Roof
If you’re still unsure about whether or not it makes sense to replace your roof, there are a few factors you can consider to help determine whether your roof needs to be replaced. Your roof likely needs to be replaced if:
- Your shingles are damaged. If you have a lot of shingles that are cracked, warping, or missing, it indicates significant wear and tear on your roof.
- You have a lot of granule loss. When your shingles lose their granules, it’s an indication of deterioration. Check your gutters for signs of granule loss.
- Your roof is leaking. If your roof is leaking, it can cause water damage and lead to structural damage, mildew, and mold. Check the interior of your house for signs of water damage, active leaks, or water stains.
- There is algae on your roof. Algae on the roof is an indication of moisture, which is a sign of roof deterioration and can lead to damage.
- There is visible structural damage. If your roof is sagging, it can mean there is structural damage that needs to be repaired.
- Your roof is at the end of its lifespan. The typical lifespan of a shingle asphalt roof is 15 to 20 years. If your shingle roof is over 20 years old, it’s probably time to replace it.
Get a Free Quote from a Baton Rouge Roofing Professional
If you’re considering replacing your Louisiana roof, contact Parish Construction and Roofing, LLC. Our team of roofing professionals is the top choice for homeowners in Baton Rouge and surrounding areas.
We have decades of experience and can handle all of your roofing needs, including roof maintenance, roof repairs, and roof replacements.
Call us today at (318) 496-8405 to schedule your free roof inspection.
