Every home improvement project adds some value to a home, to a greater or lesser extent. In any case, most home owners will put off projects until their comfort seems threatened or their property is damaged by lack of maintenance.
In the other hand of this reality are homeowners who choose to start a home improvement project because they are hoping to increase their property’s value or because they are thinking of putting it on resale or moving to a new property.
And that’s where a home improvement project in particular shines roof replacement; roof replacement will benefit current homeowners, since this project can revenue form 85% and up to 109% of its cost.
So whether you are one of those homeowners who are only looking to increase the value of their property or you are really looking forward to invest in your own benefits and enjoyment with this project you will always win.
As roof replacement does add value to your property there are some other projects that might help you do the same, below we will describe in short these:
Roof replacement is that kind of project that most homeowners try to get away with not doing as long as they can, but the true is that its expense might be paid by itself if you consider:
New roofing does smooth a purchase process by new homeowners since 32% of real estate agents find it easier to close a deals when the house has this feature, having in mind that the average cost of new roofing is $7,500 and the boost value from it is higher itself at $8,150, which results in 109% of what is invested in.
What if you are not considering selling your house? Roof replacement does benefit homeowners directly as well since damages done by leaks in past life expectancy roofs can get to cost $20,000 or more.
Leaks can drip down inside the wall which is solved by cutting out drywall and replacing flooring that’s why even a small leak can end up costing the above.
Hardwood Floor Refinishing
Interior investment’s counterpart to roof replacement is hardwood floor refinishing.
This home improvement project can recovers its cost by 100% when the house is resold; having new wood floors covers 91% of its costs too, and both give a fresh renewed look to the house.
These features are known to help sell a home quicker while maximizing its selling price.
Homeowners who are looking to put their house in the market tend to invest in these improvements:
New Roofing which cost ranges from $7,200 to $7,500 and having an average cost recovering of $8,150 (109% of the investment)
Hardwood Flooring Refinish which cost ranges from $1,600 to $3,000 and having an average cost recovering of $3,000 (100% of the investment)
New Wood Flooring which cost ranges from $4,400 to $5,500 and having an average cost recovering of $5,000 (91% of the investment)
New Garage Door which cost ranges from $1,000 to $2,300 and having an average cost recovering of $2,000 (87% of the investment)