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When looking for home improvements with a high return on investment, it’s easy to overlook the roof. Yet, this crucial component greatly affects your home’s curb appeal, efficiency, and protection from the elements.

Replacing your roof might seem like a big investment, but it can significantly boost the value and marketability of your home if you’re planning to sell soon. Explore the many ways a new roof can benefit you and the rebates available to make it more affordable.

Exterior contractor working on a new roof

Benefits of Roof Replacement

Replacing your aging roof is a smart financial decision. Research shows varied returns on this investment. For instance, Remodeling’s 2019 Cost vs. Value Report found that a new asphalt shingle roof, costing an average of $22,636, could increase home value by $15,427. This translates to a 68% return on investment.

The National Association of the Remodeling Industry (NARI) suggests even more promising figures in its 2022 Remodeling Impact Report, with a new roof potentially offering a 100% return.

Along with an excellent ROI, the other benefits of roof replacement include:

Is It Worth It To Replace My Roof Before a Home Sale?

Yes. A new roof often directly translates to a higher listing price, providing an immediate return on investment. Even if it doesn’t, the upgrade makes your home more attractive to potential buyers.

The NARI report found that about 33% of realtors recommend replacing the roof before selling. A new roof can be the deciding factor in a competitive market, setting your property apart from others with older roofing.

Energy Rebates To Save on Roof Replacement

The IRS offered energy-efficient roofing tax credits under the Inflation Reduction Act through Dec. 31, 2023, but those tax credits have now expired.

However, homeowners looking to upgrade their roofs in 2024 may still have access to certain incentives and rebates. For instance:

Not everyone can fund roof replacement through tax rebates and incentives. Other financing options include a home improvement loan, home equity line of credit, or 0% APR credit card. Ask your roofing contractor for more financing ideas.

Schedule Roof Replacement With Honest Home Solutions

Clearly, a high-quality roof can improve your home’s value without breaking the bank. Honest Home Solutions has the best roofing materials and industry certifications to get the job done.

We offer clear and honest communication from start to finish, with a dedicated project manager to ensure your peace of mind. Choose us for a reliable, trustworthy, and high-quality roof replacement experience.

Call (253) 374-2847 today to request a free in-home estimate.