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Replies (8)
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
Ask a local Realtor how those improvements will add to the value of your home. If you are considering selling your home, ask that Realtor what other improvements you should make to prepare your home for the market.
- Arbi Baghoomian, "soldbyarbi"
- Contributions:4
Hi Clayton,
It's a hit or miss scenario. These questions frequently come up and I consistently discuss "cost effective repairs" with all of my clients. These repairs include your basic paint, carpet, minor landscaping, and clean-up work. In regards to the heating and roofing, I highly suggest installing a standard roof in today's market to show that "its new". (don't go overboard as you'll lose money). Same goes with the heating. Heating should add $2-4k, roof should add $4-7k.
I hope this answers your question.
Best,
Arbi
The Sold By Arbi Team
It's a hit or miss scenario. These questions frequently come up and I consistently discuss "cost effective repairs" with all of my clients. These repairs include your basic paint, carpet, minor landscaping, and clean-up work. In regards to the heating and roofing, I highly suggest installing a standard roof in today's market to show that "its new". (don't go overboard as you'll lose money). Same goes with the heating. Heating should add $2-4k, roof should add $4-7k.
I hope this answers your question.
Best,
Arbi
The Sold By Arbi Team
- John Stewart, "nwhome.us"
- Contributions:2166
Check out Remodeling Magazine's Cost vs Value Report.
- Kellee and Debbee Heldoorn, "Heldoornteam"
- Contributions:154
Ask a local realtor for the valuation of your home today vs the potential improvements you are considering.
- wetdawgs
- Contributions:26854
On Zillow, you can use the "my estimate" feature on the home details page. It will give a rough estimate on the value added for new roof & new heating, as well as remodeling and other upgrades.
- Dan, "the_country_hick"
- Contributions:4700
It will add very little. A house is expected to have a roof and heating system. The big difference is if the house has those things needing replacement the cost of replacement and some extra gets taken off. It does add to desirability as new roof and efficient heating systems mean fewer costs to arrive quickly.
- ProfessorBaron
- Contributions:303
Yes, $0.00.
The roof will add almost no value, unfortunately, because most buyers only regard that as an issue if the roof is clearly old and needs to be replaced...otherwise it is not even noticed or considered.
Heater might add a small bit of value if it is high high efficiency....but probably not due to same reason above per roof issue.
Paint, carpets, wood decks, and front yard minimal landscaping probably add as much or a little more value than the cost.
Sorry!
The roof will add almost no value, unfortunately, because most buyers only regard that as an issue if the roof is clearly old and needs to be replaced...otherwise it is not even noticed or considered.
Heater might add a small bit of value if it is high high efficiency....but probably not due to same reason above per roof issue.
Paint, carpets, wood decks, and front yard minimal landscaping probably add as much or a little more value than the cost.
Sorry!
- Dennis Knight, "The NJ Realtor"
- Contributions:58
Value is based on what an actual buyer will pay. That said, a roof, unless architectual in design like spanish tile, is like paint. It creates an attractive sfeature. Any house with an unattractive exterior is valued lower on a buyer's view point. The real cost advantage comes with no request for deductions from the buyer and "if you needed it anyway, you won't have to worry about leaks to repair on the interior".
As to the heating system, unless you change the type, ie. electric baseboard to HWBB or Central Air, you are mostly avoiding the buyer's request for a deduction again. Higher efficientcy will give you a minor perk for the buyer.
home improvements
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