It’s pretty much an established fact that you can’t sell an otherwise attractive home that has a roof in disrepair. “Curb appeal,” as roofing companies in Columbia SC will tell you, goes a long way towards fixing in a prospective buyer’s mind whether or not they’re willing to spend their hard-earned coin on a house. And one of the first things just such a prospective buyer will note is your roof’s state or repair or disrepair.
Roof repair, however, does not, and will likely never, provide a dollar for dollar return on investment when it comes to selling your home, a fact which roofing companies in Charleston SC are quite cognizant of. A perusal of Remodeling’s 2014 Cost-VS-Value report shows a return on investment for roof replacements that ranges from 63% to 67.6% of the cost of replacing the roof. With the total cost to replace the roof ranging from just under $19,000 to almost $34,500, this translates to a net loss of anywhere from just under $7,000 to almost $13,000.
An important consideration, however, is that choosing not to fix up or install a new roof is almost certain to result in no sale. It does little to dwell on how much repairing or not repairing the roof affects the value of your house when NOT getting a new roof is pretty much guaranteed to result in your inability to sell the house.
Taken as an investment towards the resale of the house in question, the amount of money spent on keeping the roof in good repair will certainly net more when the house sells than was spent in repairing or replacing the roof. There can be a substantial increase in the net gain if you can maximize your expense of hiring a professional roofer. Despite a “tepid” market, the 2015 Cost-VS-Value report shows that roof replacement is still a solid investment, being one of the five things to actually increase in cost-to-value ratio between 2014 and 2015.
Give us a call today for any issues or concerns about your roofing.