roofing investment home

When you are taking up a major house renovation project, consider having a new roof installed by roofing Wichita KS experts instead of repairing the old one. A new roof installation may be a major and expensive project, but it pays off in the long run.

 

Let’s look at the numbers and explanations. According to statistics, installing a new roof will cost you anywhere between $5,348 and $10,709. This yields an average cost of $7,500.

 

Option 1 – You Continue Living in the House

If you enjoy your home, you will be able to rest assured that your new roof will last you for a lifetime. A professionally installed new roof has a lifespan of around 80 years. This means that your adult children will eventually have to replace the roof, in their middle age.

 

Option 2 – You Plan to Sell the House

If you are undertaking the renovation project in order to sell your house, then the new roof will bring you an extremely high ROI (return on investment). According to real estate agents, a new roof boosts the resale value of your home by up to $8,150. Looking at the average installation cost – $7,500 – and doing the math, this means a ROI of 109%.