Welcome back to Part 3 of our series which details the ROI for a Mid-Range Roof Replacement project in three specific regions. According to the two most recent Remodeling Cost vs. Value Reports, published in January 2017 and January 2016, below please find the respective annual cost/resale estimates for this popular remodel project. We have included both years for comparison purposes.
Roofing Replacement – Remove existing roofing to bare wood sheathing and dispose of properly. Install 30 squares of 235-pound fiberglass asphalt shingles (min. 25-year warranty) with new felt underlayment, galvanized drip edge, and mill-finish aluminum flashing. Assume a 5-square hip roof; custom flashing at two average-size skylights; and custom cap treatment at vented ridge.
| 2016 Annual ROI (Published January 2017) | |||
|---|---|---|---|
| Location | Job Cost | Resale Value | ROI |
| Tampa | $19,478 | $15,132 | 77.7% |
| South Atlantic | $19,417 | $13,456 | 69.3% |
| National | $20,664 | $14,214 | 68.8% |
| 2015 Annual ROI (Published January 2016) | |||
|---|---|---|---|
| Location | Job Cost | Resale Value | ROI |
| Tampa | $19,065 | $14,563 | 76.4% |
| South Atlantic | $18,898 | $14,338 | 75.9% |
| National | $20,142 | $14,446 | 71.7% |
We hope you found our 3-Part Series helpful, informative and interesting … Watch for our next BLOG POST on March 23rd. To learn more about Tampa Bay area homes for sale in Spring Hill and Brooksville, located in Hernando County, Florida, visit us @ www.GailSellsFloridaHomes.com … Be sure to check out our custom, state-of-the-art, MLS Map Search Feature, which you’ll find to be fully functional on any and all of your devices!
Until then… it’s all about YOU!
Source: Remodeling Magazine, 2016 AND 2017 Cost vs. Value Reports, Mid-Range Projects
Copyright 2017 Hanley Wood Media Inc. Complete data from the Remodeling Cost vs. Value Reports can be downloaded free at costvsvalue.com