As we all know the Nashville housing market is hotter than it’s ever been. Whether you’re in Nashville or one of the suburbs like Franklin, College Grove or Mt. Juliet, all you need to do is put a sign in your yard that says, “coming soon” and your house will sell. Before you make any changes to your home, you’re likely evaluating its return. One of those elements is your roof. Even if you know it will be a few years before you move, but you know you need a new roof, you may wonder what the ROI of a new roof in the Nashville area would be.
Return of Investment on a Nashville Roof Replacement
Again, because of our insane housing market, the RIO of a new roof in our area is less than the national average by about 8 percent. Nationally it’s almost 61%, locally it’s just about 53% for an asphalt shingle roof. And, if you’re considering metal roofing, the return locally is just about the same.
Other Benefits to Consider
If you’re planning on selling your home now, we wouldn’t recommend a roof replacement in Nashville. If you’re planning on staying in your home for a few years, it may be a very good investment. We recommend looking at the entire ROI of a new roof – not just the monetary ones. Here are other benefits to consider:
- No more roof repair bills – If you find yourself spending money on roof repair every year, it can add up. If your roof is more than 10 – 15 years old, you may be better off putting that money into the cost of a new roof.
- Reduced energy costs – Because most homeowners have 3-tab shingles but replace them with architectural shingles, there is some increased insulation that comes with a new roof. Also, choosing a lighter color that’s more reflective will reduce cooling costs.
- Nicer looking home – It’s hard to put a dollar value on this, however, curb appeal can make you feel better about your home overall.
We’ll help you see that the ROI of a new roof is more than just in resale. You’ll get a return while you’re still living in the home.
Mobley Brothers Roofing and Renovation Can Help
We offer roof replacement in Nashville as well as east Tennessee. We’re A+ rated by the Better Business Bureau and fully licensed and insured. If you’re considering a new roof, call us today for your free estimate at (615) 645-4500 or fill out our contact form.