Increase Your Home's Equity with Simple Home Improvement Projects

As of January 2021, the average home in the US had a value of $266,000. That means that if you want to get the most out of your home and its equity, it's impoant to take care of your home and make improvements when necessary. While there are many different home improvement projects that can increase your home's equity, there is one in particular that could provide you with more equity in 2023 - installing a new roof.

Why a New Roof? 

Installing a new roof is an investment that will pay off over time. A new roof could help protect your home from damage due to weather or other elements like wind, hail, or extreme temperatures. In addition to helping maintain the integrity of your home’s structure, it also increases your property value and can improve energy efficiency. All these factors combine to create a more enjoyable living environment for you and increase the amount of money you can get back when you sell your house. 

The Benefits of Investing in Your Roof Now 

If you're thinking about selling your house in 2023 or later, now is a great time to start planning any improvements you want to make before then. Installing a new roof adds immediate value to any home and can help increase the sale price. A quality roof replacement may even be covered by homeowners insurance if something like severe weather has damaged it beyond repair or if it needs major repairs due to age or normal wear and tear over time. Additionally, some companies offer warranties on their work so you know that if anything goes wrong with the installation process, they'll be able to help you fix it quickly and easily without additional cost. Also, another way to afford the cost of a new roof is to get the replacement covered by homeowner's insurance. However, it is always important to get a professional inspection report done by an industry expert before deciding if it is the right time to file a claim.

Whether you're looking for a way to add value to your property now or are planning for future sales prospects in 2023 or later, investing in a new roof is one of the best ways to get more equity out of your house while protecting its integrity at the same time. Not only does this type of project add immediate value but it's also an investment that will pay dividends down the road as well since it increases energy efficiency and helps maintain structural integrity while providing an aesthetically pleasing look as well. With all these benefits combined, investing in a new roof now could be one of the best decisions you make for both short-term gain and long-term protection of your property’s value!

Curious about your home's current value? Get a free market value of your property here!

Photo from Canva.