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10-13-2024, 10:50 PM
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Sage
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Join Date: Dec 2012
Location: Somewhere over the rainbow
Posts: 15,173
Thanks: 7,626
Thanked 6,268 Times in 3,237 Posts
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Quote:
Originally Posted by midiwiz
Putting a new roof on, assuming it's asphalt shingles will only improve your ability to sell quicker as a 15 yr old roof will hesitate if not turn away quite a number of buyers. If you replaced the roof with a metal roof, then you increased value, and no you never get back what you pay for it.
For example, when doing comps, you put in a pool for $100,000. Your value adjustment might only be 40,000. It will never be 100,000 or higher.
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For most districts only the developer properties can have metal roofs.
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