If you’re thinking about putting your home on the market anytime soon, there are a few things to consider—namely the value of your home versus the price you’ll be asking for, as well as the things that factor into your home that might affect that asking price.
Any realtor will tell you that there are more possibilities out there for driving down the price of your home rather than increasing it, but that doesn’t mean there’s no way to build in value to the price of your home when you’re finally ready to bring it to market. In fact, there are two critical factors that, if improved, can cause the value of your home to rise substantially: your roofing and siding.
That’s right: the two biggest factors in the façade of your home are also two of the biggest boosters of home value in a seller’s market! Your roof and your siding in Calgary have a lot of inherent value to them—taking the time to improve upon these items will reflect on the overall value of your home and make it more appealing to homebuyers who are seeking a quality home without a lot of looming repair costs.
But how exactly will fixing up your roof and siding translate into better home value? Take a look at all of the ways these things will be assessed into the price of your home once it’s out on the market:
- First and foremost, an investment in a new roof or new siding is automatically assessed as a sustainable investment. Roofs and siding last for decades if maintained appropriately, meaning any prospective homebuyer is going to reap that value when they buy your home.
- Façade upgrades are usually considered quality of life upgrades, since they protect your home’s interior (your living space) and ultimately raise your quality of life. An investment in the roof or siding is going to be more heavily favored that convenience upgrades—like adding a home addition—because it protects your quality of life overall.
- Roofing and siding are huge proponents of energy efficiency within a home, which means new installations are also lending themselves to a home’s entire HVAC system! The energy savings and costs associated with this are tremendously appealing to new homebuyers.
- Roofing and siding inherently protect your home—which means a decreased chance of major home repairs if both are in good working order. This is hugely comforting to homebuyers because it signals that there won’t be many hidden costs or necessary repairs post-purchase.
The simple fact of the matter is that new roofing and siding in Calgary are going to be drivers of home value no matter how you present them. If you’re going to be putting your home on the market, it’s important to look and see if these factors are helping or hindering your asking price. Remember, while it might not seem conducive to invest in these items before you sell your home, these items might just be the key to selling your home faster and for a better price that you ultimately anticipated before updating them!