Quick Question For Real Estate Professionals: How Much Does Roof Type Affect Home Value?

Industry survey. Two minutes. You will receive the results!

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* 1. Are you currently a licensed real estate professional involved in residential property sales?

Yes

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* 2. Where is your primary real estate market?

Florida

California

Arizona

Nevada

Texas

Oklahoma

Other

What State?

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* 3. In your experience, how much does roof material influence buyer perception of quality and perceived price of a new construction neighborhood?

Very significant influence

Moderate influence

Minor Influence

No influence

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* 4. Which roofing material do buyers most often perceive as highest quality and improvement of the home value?

Concrete or clay tile roof

Standing seam metal roof

Architectural asphalt shingles.

No difference.

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* 5. Assume a new construction neighborhood. The square footage of the homes are 4,000 square feet. 1/4 acre. Similar landscaping. Similar interior. The only difference is the roofing material required by the HOA.

Assuming the average home listing in the development is $1 million and is entirely architectural asphalt shingles. What would you expect the average home listing price would increase be if all homes were upgraded with concrete or clay tile?

No Change In Price

5% Higher

10% Higher

15% Higher

20% Higher

25% Higher

30% Higher

35% Higher

More than 35% Higher

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* 6. SAME ASSUMPTIONS. (A new construction neighborhood. The square footage of the homes are 4,000 square feet. 1/4 acre. Similar landscaping. Similar interior. The only difference is the roofing material required by the HOA.)

Assuming the average home listing in the development is $1 million and is entirely architectural asphalt shingles. What would you expect the average home increased listing price would be if all homes were upgraded to standing seam metal roofs.

No Change In Price

5% Higher

10% Higher

15% Higher

20% Higher

25% Higher

30% Higher

35% Higher

More than 35% Higher

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* 7. A home has an asphalt roof approximately 15-20 years old and therefore near the end of its typical service life based on insurance industry estimates. How does this typically effect market value?

No difference

Decrease value 1-3%

Decrease value 4-6%

Decrease value 7-10%

Decrease value more than 10%

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* 8. SAME ASSUMPTION. (A home has an asphalt roof approximately 15-20 years old and is highlighted by the home inspector as an issue.)

When buyers discover this, what is the most common buyer reaction?

Request price reduction

Request roof replacement before closing.

Request seller credit.

Proceed with no concern.

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* 9. SAME ASSUMPTION (A home has an asphalt roof approximately 15-20 years old and is highlighted by the home inspector as an issue.)

However, the homeowner has the roof refurbished (75% lower cost than replacement) with extreme weather performance similar to a roof replacment and comes with a 10 year transferable warranty, what would the likely value be?

Fantastic - increases buyer confidence.

Helpful - improves buyer confidence.

No difference - no significant value.

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* 10. How big of an issue is a 10 year or older asphalt roof in delaying or complicating residential real estate transactions?

Major issue

Moderete issue

Minimal issue

No issue

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* 11. Accuracy of these statements?

	Strongly agree	Agree	Disagree	Strongly disagree
Insurance companies generally view asphalt roof life expectancy to be 15 years or less; rarely 20 years or more.	Insurance companies generally view asphalt roof life expectancy to be 15 years or less; rarely 20 years or more. Strongly agree	Insurance companies generally view asphalt roof life expectancy to be 15 years or less; rarely 20 years or more. Agree	Insurance companies generally view asphalt roof life expectancy to be 15 years or less; rarely 20 years or more. Disagree	Insurance companies generally view asphalt roof life expectancy to be 15 years or less; rarely 20 years or more. Strongly disagree	Insurance companies generally view asphalt roof life expectancy to be 15 years or less; rarely 20 years or more.
Insurance companies generally view concrete/clay tile and metal roof life expectancy to be 30 years or more.	Insurance companies generally view concrete/clay tile and metal roof life expectancy to be 30 years or more. Strongly agree	Insurance companies generally view concrete/clay tile and metal roof life expectancy to be 30 years or more. Agree	Insurance companies generally view concrete/clay tile and metal roof life expectancy to be 30 years or more. Disagree	Insurance companies generally view concrete/clay tile and metal roof life expectancy to be 30 years or more. Strongly disagree	Insurance companies generally view concrete/clay tile and metal roof life expectancy to be 30 years or more.
Tile roofs are less likely to require an insurance claim from hail damage versus an asphalt roof.	Tile roofs are less likely to require an insurance claim from hail damage versus an asphalt roof. Strongly agree	Tile roofs are less likely to require an insurance claim from hail damage versus an asphalt roof. Agree	Tile roofs are less likely to require an insurance claim from hail damage versus an asphalt roof. Disagree	Tile roofs are less likely to require an insurance claim from hail damage versus an asphalt roof. Strongly disagree	Tile roofs are less likely to require an insurance claim from hail damage versus an asphalt roof.
Tile roofs are less likely to require an insurance claim from extreme wind versus an asphalt roof.	Tile roofs are less likely to require an insurance claim from extreme wind versus an asphalt roof. Strongly agree	Tile roofs are less likely to require an insurance claim from extreme wind versus an asphalt roof. Agree	Tile roofs are less likely to require an insurance claim from extreme wind versus an asphalt roof. Disagree	Tile roofs are less likely to require an insurance claim from extreme wind versus an asphalt roof. Strongly disagree	Tile roofs are less likely to require an insurance claim from extreme wind versus an asphalt roof.
Tile roofs have superior ventilation gaps and thermal mass that reduce energy transfer versus asphalt roofs. The result is up to 20% savings in utility costs and longer life expectancy of HVAC equipment.	Tile roofs have superior ventilation gaps and thermal mass that reduce energy transfer versus asphalt roofs. The result is up to 20% savings in utility costs and longer life expectancy of HVAC equipment. Strongly agree	Tile roofs have superior ventilation gaps and thermal mass that reduce energy transfer versus asphalt roofs. The result is up to 20% savings in utility costs and longer life expectancy of HVAC equipment. Agree	Tile roofs have superior ventilation gaps and thermal mass that reduce energy transfer versus asphalt roofs. The result is up to 20% savings in utility costs and longer life expectancy of HVAC equipment. Disagree	Tile roofs have superior ventilation gaps and thermal mass that reduce energy transfer versus asphalt roofs. The result is up to 20% savings in utility costs and longer life expectancy of HVAC equipment. Strongly disagree	Tile roofs have superior ventilation gaps and thermal mass that reduce energy transfer versus asphalt roofs. The result is up to 20% savings in utility costs and longer life expectancy of HVAC equipment.
Tile roof systems are safer for the family if there is a fire versus asphalt roofs.	Tile roof systems are safer for the family if there is a fire versus asphalt roofs. Strongly agree	Tile roof systems are safer for the family if there is a fire versus asphalt roofs. Agree	Tile roof systems are safer for the family if there is a fire versus asphalt roofs. Disagree	Tile roof systems are safer for the family if there is a fire versus asphalt roofs. Strongly disagree	Tile roof systems are safer for the family if there is a fire versus asphalt roofs.
Tile roofs require fewer repairs because they resist rot, insects and UV degradation better than asphalt roofs.	Tile roofs require fewer repairs because they resist rot, insects and UV degradation better than asphalt roofs. Strongly agree	Tile roofs require fewer repairs because they resist rot, insects and UV degradation better than asphalt roofs. Agree	Tile roofs require fewer repairs because they resist rot, insects and UV degradation better than asphalt roofs. Disagree	Tile roofs require fewer repairs because they resist rot, insects and UV degradation better than asphalt roofs. Strongly disagree	Tile roofs require fewer repairs because they resist rot, insects and UV degradation better than asphalt roofs.
Tile roofs age much slower than asphalt roofs; as a result, this positively improves appraisal value, lending approval and insurance eligibility.	Tile roofs age much slower than asphalt roofs; as a result, this positively improves appraisal value, lending approval and insurance eligibility. Strongly agree	Tile roofs age much slower than asphalt roofs; as a result, this positively improves appraisal value, lending approval and insurance eligibility. Agree	Tile roofs age much slower than asphalt roofs; as a result, this positively improves appraisal value, lending approval and insurance eligibility. Disagree	Tile roofs age much slower than asphalt roofs; as a result, this positively improves appraisal value, lending approval and insurance eligibility. Strongly disagree	Tile roofs age much slower than asphalt roofs; as a result, this positively improves appraisal value, lending approval and insurance eligibility.
Tile roofs enjoy an insurance discount because of the lower risk versus asphalt roofs; the result is insurance premiums 15% lower and even up to 30% lower.	Tile roofs enjoy an insurance discount because of the lower risk versus asphalt roofs; the result is insurance premiums 15% lower and even up to 30% lower. Strongly agree	Tile roofs enjoy an insurance discount because of the lower risk versus asphalt roofs; the result is insurance premiums 15% lower and even up to 30% lower. Agree	Tile roofs enjoy an insurance discount because of the lower risk versus asphalt roofs; the result is insurance premiums 15% lower and even up to 30% lower. Disagree	Tile roofs enjoy an insurance discount because of the lower risk versus asphalt roofs; the result is insurance premiums 15% lower and even up to 30% lower. Strongly disagree	Tile roofs enjoy an insurance discount because of the lower risk versus asphalt roofs; the result is insurance premiums 15% lower and even up to 30% lower.
Tile roofs are less likely to have issues with insurance approvals versus asphalt roofs.	Tile roofs are less likely to have issues with insurance approvals versus asphalt roofs. Strongly agree	Tile roofs are less likely to have issues with insurance approvals versus asphalt roofs. Agree	Tile roofs are less likely to have issues with insurance approvals versus asphalt roofs. Disagree	Tile roofs are less likely to have issues with insurance approvals versus asphalt roofs. Strongly disagree	Tile roofs are less likely to have issues with insurance approvals versus asphalt roofs.
A disadvantage of metal roofs is that negative aesthetic affects including fading, dimpling and hail marks; these are typically excluded in insurance coverage.	A disadvantage of metal roofs is that negative aesthetic affects including fading, dimpling and hail marks; these are typically excluded in insurance coverage. Strongly agree	A disadvantage of metal roofs is that negative aesthetic affects including fading, dimpling and hail marks; these are typically excluded in insurance coverage. Agree	A disadvantage of metal roofs is that negative aesthetic affects including fading, dimpling and hail marks; these are typically excluded in insurance coverage. Disagree	A disadvantage of metal roofs is that negative aesthetic affects including fading, dimpling and hail marks; these are typically excluded in insurance coverage. Strongly disagree	A disadvantage of metal roofs is that negative aesthetic affects including fading, dimpling and hail marks; these are typically excluded in insurance coverage.
A disadvange of metal roofs is that the weatherproofing is under the metal; if the protection system under the metal uses inferior product, system design or installation, the roof life expectancy can be 15 years or less.	A disadvange of metal roofs is that the weatherproofing is under the metal; if the protection system under the metal uses inferior product, system design or installation, the roof life expectancy can be 15 years or less. Strongly agree	A disadvange of metal roofs is that the weatherproofing is under the metal; if the protection system under the metal uses inferior product, system design or installation, the roof life expectancy can be 15 years or less. Agree	A disadvange of metal roofs is that the weatherproofing is under the metal; if the protection system under the metal uses inferior product, system design or installation, the roof life expectancy can be 15 years or less. Disagree	A disadvange of metal roofs is that the weatherproofing is under the metal; if the protection system under the metal uses inferior product, system design or installation, the roof life expectancy can be 15 years or less. Strongly disagree	A disadvange of metal roofs is that the weatherproofing is under the metal; if the protection system under the metal uses inferior product, system design or installation, the roof life expectancy can be 15 years or less.
A disadvantage of metal roofs is that they can be loud when there is extreme rain and wind events.	A disadvantage of metal roofs is that they can be loud when there is extreme rain and wind events. Strongly agree	A disadvantage of metal roofs is that they can be loud when there is extreme rain and wind events. Agree	A disadvantage of metal roofs is that they can be loud when there is extreme rain and wind events. Disagree	A disadvantage of metal roofs is that they can be loud when there is extreme rain and wind events. Strongly disagree	A disadvantage of metal roofs is that they can be loud when there is extreme rain and wind events.
When reselling a home, a metal roof with cosmetic damage can will likely reduce the perceived value of the home.	When reselling a home, a metal roof with cosmetic damage can will likely reduce the perceived value of the home. Strongly agree	When reselling a home, a metal roof with cosmetic damage can will likely reduce the perceived value of the home. Agree	When reselling a home, a metal roof with cosmetic damage can will likely reduce the perceived value of the home. Disagree	When reselling a home, a metal roof with cosmetic damage can will likely reduce the perceived value of the home. Strongly disagree	When reselling a home, a metal roof with cosmetic damage can will likely reduce the perceived value of the home.
The repair costs of a tile roof is usually less than metal. That's because tile roofs can usually be fixed by replacing a few damaged tiles. Metal roof repairs often require large panel replacement.	The repair costs of a tile roof is usually less than metal. That's because tile roofs can usually be fixed by replacing a few damaged tiles. Metal roof repairs often require large panel replacement. Strongly agree	The repair costs of a tile roof is usually less than metal. That's because tile roofs can usually be fixed by replacing a few damaged tiles. Metal roof repairs often require large panel replacement. Agree	The repair costs of a tile roof is usually less than metal. That's because tile roofs can usually be fixed by replacing a few damaged tiles. Metal roof repairs often require large panel replacement. Disagree	The repair costs of a tile roof is usually less than metal. That's because tile roofs can usually be fixed by replacing a few damaged tiles. Metal roof repairs often require large panel replacement. Strongly disagree	The repair costs of a tile roof is usually less than metal. That's because tile roofs can usually be fixed by replacing a few damaged tiles. Metal roof repairs often require large panel replacement.
Tile roofs are less likely to have damage versus metal roofs in extreme wind weather events.	Tile roofs are less likely to have damage versus metal roofs in extreme wind weather events. Strongly agree	Tile roofs are less likely to have damage versus metal roofs in extreme wind weather events. Agree	Tile roofs are less likely to have damage versus metal roofs in extreme wind weather events. Disagree	Tile roofs are less likely to have damage versus metal roofs in extreme wind weather events. Strongly disagree	Tile roofs are less likely to have damage versus metal roofs in extreme wind weather events.

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* 12. Other comments you'd like to share?

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* 13. About You (Especially if you want the results)

First Name

Last Name

Title

City & State

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Agency Name (optional)

Quick Question For Real Estate Professionals: How Much Does Roof Type Affect Home Value?Industry survey. Two minutes. You will receive the results!

Question Title

* 1. Are you currently a licensed real estate professional involved in residential property sales?

Question Title

* 2. Where is your primary real estate market?

Question Title

* 3. In your experience, how much does roof material influence buyer perception of quality and perceived price of a new construction neighborhood?

Question Title

* 4. Which roofing material do buyers most often perceive as highest quality and improvement of the home value?

Question Title

Question Title

Question Title

* 7. A home has an asphalt roof approximately 15-20 years old and therefore near the end of its typical service life based on insurance industry estimates. How does this typically effect market value?

Question Title

* 8. SAME ASSUMPTION. (A home has an asphalt roof approximately 15-20 years old and is highlighted by the home inspector as an issue.)When buyers discover this, what is the most common buyer reaction?

Question Title

Question Title

* 10. How big of an issue is a 10 year or older asphalt roof in delaying or complicating residential real estate transactions?

Question Title

* 11. Accuracy of these statements?

Question Title

* 12. Other comments you'd like to share?

Question Title

* 13. About You (Especially if you want the results)

Quick Question For Real Estate Professionals: How Much Does Roof Type Affect Home Value?

Industry survey. Two minutes. You will receive the results!

* 8. SAME ASSUMPTION. (A home has an asphalt roof approximately 15-20 years old and is highlighted by the home inspector as an issue.)

When buyers discover this, what is the most common buyer reaction?