If you’re looking to sell your home for the best price, consider installing a new roof. A roof is the foundation of a house and is a big part of a potential buyer’s first impression of your property. While installing a new roof may seem costly upfront, it has the potential to increase the value of your property. A roof is a very valuable asset and can add enormous value to the final sale price. With the Sunshine Coast property market currently experiencing incredible growth of over 20% in house prices in a year1, now might be the perfect time to sell your home.
In this blog we look at why you should invest in quality roofing, the differences between roof restoration and new roof installation and tips on how you can get started.
What is the difference between a roof restoration and a new roof installation?
A roof restoration is the process of restoring an existing roof and may be a more affordable option than installing a new roof. A roof restoration can extend the life of your home and can be an environmentally friendly option as existing parts of the roof are used. Roof restoration is commonly undertaken to fix minor damage to roof structures such as missing tiles, small holes and mould damage.
A new roof installation (or roof replacement) is usually required when a restoration isn’t a feasible option, and an entire roof replacement is necessary due to extensive damage, or if the roof has a significant leak or isn’t structurally sound.
What can a new roof or roof restoration add to my property?
A new roof can add significant value to the value of your home and contribute to an increase in your property’s value. It is estimated that a new roof can boost approximately 15 to 40 percent in the value of your home.2 A roof that has been poorly maintained can also impact on a buyer’s perception of your home, turning away potential buyers.
So, how sound is your roof? How long has it been since you had your roof checked? The roof is often an overlooked area of your home and needs to be front of mind, especially if you’re considering selling. Even if you’re not looking at selling your home, having a quality roof is a more durable option and will ensure that your roof looks better in the long run.
A new or restored roof can be a positive addition to your home by:
• Increasing the aesthetic appeal of your property
Enhancing the curb appeal of your home is key to attract prospective buyers and boost your home’s property value
• Preventing damage from mould, leaks and pests
A sound and well-maintained roof will ensure that your roof can withstand the harsh Australian weather conditions, including heavy rain and wind, reducing the likelihood of leaks and mould damage. Additionally, having any loose roof tiles or sheeting can encourage pests to build a home in your roof, causing damage to your roof.
• Increasing the durability and longevity of your roof
Undertaking a roof restoration can extend the life of your roof and reduce future costly repairs. A roof restoration involves an extensive initial inspection to identify problem areas to be addressed, such as broken tiles and a build-up of debris. A roof restoration is a great investment to increase the longevity of your roof.
• Improving energy efficiency
Installing a new roof with the right materials can make your home more energy efficient, reducing the strain on your heating and cooling system and reducing your monthly energy bills.
How do I get started with a roof restoration or replacement?
Great, you’ve recognised the importance of having a quality roof. So, how do you get started? When it comes to a roof restoration or replacement there a number of things to consider including:
• Quality – Ensure that high quality materials are used to save on minor repairs down the track
• Colour – Make sure that when choosing your roof colour, you choose a colour that is suitable for the colour of your house and is also attractive to potential buyers
• Workmanship – Hire only professional contractors to ensure a high-quality job is completed to ensure longevity of your roof
If you’re looking to sell your home on the Sunshine Coast, spending money to upgrade or preserve the roof of your home is definitely a worthwhile investment. Restoring or replacing a roof can add significant value to your property. Buyers are attracted to a house with a well-maintained roof as it is more aesthetically appealing and durable, attracting a higher sale price.
Signature Roofing are your roof replacement specialists. Contact us today for professional advice on all your roofing needs.
Sources:
1 Sunshine Coast property market outstrips Brisbane and the Gold Coast for house price growth (domain.com.au)
2 How Roof Restorations Boost Property Value & Restores Appearance – Smart Property Investment