Sellers encouraged to make simple home improvement that potential buyers are 'willing to pay more' for
Potential buyers are willing to pay more for homes with a new roof
GETTY
Making your home appealing to potential buyers is crucial when selling, but it it’s not always obvious which investments are worthwhile.
While major projects like loft conversions and conservatories yield significant rewards, it’s important not to overlook simple repairs.
A general roof replacement can make a surprising difference in attracting buyers to your property, experts at E-Architect have shared.
“Replacing an old roof with a new one can significantly increase your home’s market value,” they said.
Home improvements can boost property value
PA“According to real estate experts, a new roof can provide a return on investment of up to 70 per cent, depending on the type of materials used and the market conditions.
“Potential buyers are often willing to pay more for a home with a recently replaced roof, as it provides them with peace of mind of knowing they won’t have to worry about roof repairs or replacements for years to come.
“This added value is especially significant if your roof is nearing the end of its lifespan.
“For homes with roofs that are 20 years or older, a new roof can be a game-changer, turning a home from outdated to modern and secure.
“Whether you’re selling or refinancing, a new roof can be a valuable bargaining chip when negotiating a higher price for your home.”
Beyond adding a sense of security, a new roof is a crucial investment to protect homes from weather-related damage.
Experts therefore recommend upgrading to modern, weather-resistant roofing solutions, so homeowners can prevent costly repairs.
It comes as a new study by online estate agent Yopa has revealed that having a parking space can significantly boost the value of homes.
In a striking statistic, the research found that 80 per cent of the estimated 770,965 homes currently listed on England’s housing market come with a new parking space.
LATEST DEVELOPMENTS
Buyers are willing to pay more for homes with a new roof
PAYopa suggests that buyers may be willing to pay thousands of pounds extra for this luxury.
However, for those considering adding a driveway to increase their home’s value, there are important factors to consider.
While planning permission is often not required for a new drive in the UK, it’s advisable to check local regulations before proceeding with modifications.
The potential financial benefits of adding a parking space should be weighed against the cost and feasibility of such an update.
You may like
