Many people may think that new roofing and siding aren’t worth the investment if they’re considering selling their house. However, there are several benefits to taking on this project before putting your house on the market - including a sizable return on investment.
Get the Buyers in the Door
Your house will have a fresh face to present to potential buyers. Consider that home buying in 2018 can be quite like using a dating app. If the first picture on the online listing looks aged, worn, and tired, buyers are less likely to click into the listing to get to know what’s inside. Present buyers with a clean new look, however, and they will want to see more, increasing the odds that they will “swipe right” and set up a showing.
Ease Buyers’ Minds
Buying a new home is a major decision and investment. Most buyers don’t want to complete this undertaking and immediately have to worry about additional decisions and investments. With a new roof and siding, a potential buyer’s to-do list just got shorter, bringing them ease of mind.
Buyers can relax knowing that their home will be well-protected for a long time. Most new asphalt shingles have 50 year warranties, and many vinyls have lifetime warranties; these are typically transferable from the original owner to the first buyer after installation.
Return On Investment
While it is great to know that your investment in new roofing and siding will increase your home’s appeal to buyer, that doesn’t address the real question: is it worth it? According to Remodeling Magazine’s 2017 Cost vs. Value Report, the value of your home will increase by an average of $14,000 with new roofing, and $11,000 with new siding. That means an average 70% return on investment. In the current Twin Cities Metro’s housing market, these ROIs would likely increase; an abundance of buyers and shortage of sellers is driving housing values up.
Get Started Today
To get started on your home’s facelift today, contact the experts at R&R Remodeling, Inc. at 952.210.4988. Together we will give your house an exterior worthy of a “swipe right.”
Rey Cintron is the owner of R & R Remodeling, Inc. and an expert in the residential remodeling industry.