Is It a Fact That a New Metal Roof Increases The Value of a Home in Corpus Christi TX?

Home resale value introduces an amazing advantage for homeowners: they can easily move out of their existing property or use it for equity if they need emergency funds. However, homeowners in Corpus Christi TX must first spend to earn this particular advantage. Many are turning towards installing corrugated or standing seam roofing because they perceive a new metal roof increases the value of a home.

The Contractor's Role

Even the most dependable and well-trained metal roofing contractor in Corpus Christi TX will tell you that metal roofing is a great roofing material. It's not as noisy as most think it to be when it rains (a common complaint by many). It can withstand multiple hailstorms and last for more than 50-70 years with effective maintenance. With a roofing contractor's appraisal, a home's value can definitely increase in value.

According to Homelight, homebuyers may actually wait for roofing contractor inspections and suggestions to get the full estimated value of the home they intend to buy. Therefore, if the roofing contractor deems the new metal roofing material to be fit, it will definitely increase the resale value of the home.

Furthermore, they mentioned that a new roof using any kind of material will increase its value with a few caveats. They elaborated on this below.

Cost versus value: Does a new roof increase home value?

The short answer is “yes.”

“You’re going to recoup 67% to 68% of your investment,” says Renee Christman, of in Madison, Wisconsin, a real estate agent with nearly 20 years experience.

She’s right on the money. Remodeling’s 2018 Cost Versus Value Report confirms, a homeowner can expect to get 66 to 69% of the cost of a new roof back in home value.

The long answer is “yes, but…”

…You probably can’t match dollar for dollar.

The 2017 Remodeling Impact Report, a survey conducted and published by the National Association of the Remodeling Industry (NARI) and the National Association of Realtors (NAR) states 45% of Realtors suggested sellers add new roofing before attempting to sell and 32%said roofing is what helped them close the deal. The organization argues the recovered cost is more than the spent cost (109%).

Replacing your roof does have a pretty high return on investment, especially compared to other house projects, but it doesn’t mean you can necessarily mark up the asking price dollar for dollar for what you spent on the new roof. Pricing a home is more complicated than that. That’s because…

…A house is supposed to have a roof. (Source)

What Actually Increases Property Value?

It's truly possible a new metal roof increases the value of a home. However, it isn't just tear-off-and-replace-with-metal-roof automatic value improvement. For anything to have improved value, it must provide an additional benefit that is unique or unlikely in its average or common version. One example is a house with an additional bathroom having more value than one that only has one.

However, metal roofs guarantee two valuable things: improved energy efficiency through insulation and a long-term lifespan and performance that can last for decades to almost a century. Energy efficient insulation saves homebuyers so much money in utilities. Furthermore, a brand-new metal roof can make a property look amazing if buyers view it from the curb.

MoneyCrashers cites energy efficiency through insulation as a key factor in improving the investment value of a residential property before being sold. This makes it true a metal roof increases the value of a home.

If your home lacks basic insulation, and has old doors that let in plenty of hot and cold air, home inspectors working with potential buyers will include this in their reports. Homes that haven’t been modified with energy efficiency in mind cost more to live in and maintain.

Updating your home to save energy doesn’t have to cost a lot of money and can make your home more appealing to potential buyers. You can save $2,500 or more each year just by making some changes. For example, you can add extra insulation to your attic for $200 or less, and this small change can save you hundreds each year on your utility bill.

Seal cracks around the house to save even more money on energy costs, and to make your home more appealing to buyers. The U.S. Department of Energy (USDE) estimates that the average house has enough leaks to equal a 3×3 foot hole in the wall. You can find leaks in your home during the winter. Anytime you feel a draft or cold spot, you’re in an area that leaks air. You can purchase a thermal leak detector for $40 or less (e.g. Black & Decker TLD100 Thermal Leak Detector). These handheld devices alert you to temperature differences around your home. This then allows you to add caulk or insulation where you need it the most. (Continued)

If you need to have your old roof torn off and replaced with brand-new, value-adding metal roofing, you can contact us at Galvan Builders. Our team has decades of collective experience and we only use the best, top-quality equipment available in the market. Allow us to help you with all your metal roofing needs to improve your property's value in no time!

Source Here: Is It a Fact That a New Metal Roof Increases The Value of a Home in Corpus Christi TX?

Galvan Builders Construction Company
4938 Williams Drive,
Corpus Christi TX 78411
361-857-4341
https://goo.gl/maps/hRuKHVsqsXXBvgRK8