A roof that is approaching the end of its life will decrease the value of your home and is worth replacing. However, investing in high-quality shingles may not necessarily get you the increase in home value you want. So does getting a new roof improve the value of your home? One of the leading roofing and siding contractors in Maryland reveals here.
According to Remodeling’s 2019 Cost vs. Value Report, the average American homeowner spends $22,636 on a midrange asphalt shingle roof. That new roof will increase the home value by 68 percent of the investment on average. Yet, a remodeling impact report conducted by the National Association of the Remodeling Industry has discovered that new roofs provide a 109 percent return. This means you can make a profit on your newly installed roof.
Putting on a new roof is a reasonable investment. However, to know whether it will make you a 60 percent return or boost your home value above its own costs, there are three factors that need to be considered. A roofing, siding, and window and door contractor discusses them below.
Polk Contracting, Inc. is a top-rated exterior improvement company in MD. Our services include roof installation, gutter maintenance, and window and door replacement. Contact us at (410) 835-4586 or complete our convenient contact form to request a free estimate. We proudly serve homeowners in all of Harford, Cecil and Baltimore Counties.