Talk of The Villages Florida - View Single Post - New roof and resale value
Thread: New roof and resale value
View Single Post
 
Old 10-11-2024, 11:11 AM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,440
Thanks: 3,047
Thanked 16,615 Times in 6,565 Posts
Default
Assume that you have a house with a 15-year old roof that is worth $400K. Now, spend $20K on a new roof. Unfortunately, no one will pay you $420K for the house, and a bank appraiser will not increase the appraisal by $20K.