Based on the 2009-10 Remodeling Cost vs Value Report by Hanley Wood, LLC, a roofing upgrade for mid-range houses can yield impressive returns. For a certain type of project, the report pegged the replacement cost at $20,284 but pointed out that work offered a resale value of $14,867 and a recouping rate of 73.3%. A roofing project for an upscale house, which involved fiberglass asphalt shingles and mill-finished aluminum flashing, among other materials, cost $39,561 and earned a resale value of $23,549 and a 59.5% cost recoup rate. Overall, the report shows the great potential of increasing the value of houses through quality roof installations.
Roofing systems in different types of houses all share the same function of protecting the homeowners from rain, extreme heat, and other elements. Furthermore, they increase the aesthetic value of houses. A trusted roofing contractor can help homeowners select the right systems that will prove durable and therefore yield exceptional results and returns on investment.