CINCINNATI (WKRC) – According to new data from the National Association of Realtors. a roof replacement should actually more than pay for itself.

The group’s research finds the average cost of installing new roofing is $7500, but the estimated cost recovered at sale is $8000. That means a 107% return on investment. That’s the highest payoff of any single renovation project studied. About a third of realtors surveyed also said that a new roof helped close a sale.

Of course, your home may not need a new roof. If yours was properly installed and is younger than 15 or 20 years old, you may be able to get by with repairs.

Keep in mind a lot of factors go into what a new roof could cost you. The size of your home, and materials you choose, for instance. When you get that new roof matters, too. Roofers are busiest late summer and fall, so getting yours installed then likely means you pay a premium.

To keep costs under control make sure to shop around, and get quotes from several companies. Make sure to check references, and sites like Angie’s List, too.

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