A new roofing system probably isn’t the first thing that comes to mind when thinking about a boost in home value. It’s reasonable, given that interior remodeling projects are typically the upgrades preferred by homeowners. However, according to Remodeling Magazine’s Cost vs. Value report, having new roofing installed can have a substantial impact on home value. Cost vs. Value: Roof Replacement The 2017 cost vs. value report details the approximate return on investment homeowners can get by replacing their old roofing system with a new one. It reveals that a roof replacement can increase home value by an average of nearly $15,000. It also indicates that homeowners who have new roofing installed can expect to recoup an average of 68.8% of the total job cost through increased home value. These numbers put new roofing ahead of a kitchen or a bath remodel in terms of recovered cost.
Published in Home Improvement