Believe it or not, your roof has a big impact on the value of your home. When it comes to real estate appraisals, there are many factors that are taken into consideration and your roof is a big part of that.
Here is how your roof affects the value of your home.
Keeping Up with Maintenance
When it comes to owning a home, it is crucial to keep up with the maintenance of the property. A benchmark in real estate is to make sure you are up to date with any improvements or upgrades in your neighborhood. However, it is equally important not to exceed them. If you decided to update your home with a roofing material that is high quality like copper, while the rest of the neighborhood decides to use asphalt shingles, you will have a difficult time regaining the expense of the roof in resale value. Also, when you choose a low-quality roofing material while the rest of the neighborhood uses a roofing material of higher quality, your property value is likely to decrease in comparison.
Another factor to take into consideration is the general upkeep of the neighborhood. If your roof is poorly maintained and looks unkempt while the rest of the neighborhood has new or well-kept roofs, that can bring down the property value of your home while possibly depleting the value of your neighbors’ homes as well.