If you’ve been planning on improving your roofing in Winston-Salem NC and the surrounding areas, here’s some good news: house prices are up. This means your planned improvement can bring more value to your property since prices are on an upswing.
Result of Improving Housing Market
In a study conducted by CoreLogic, Inc., home prices were found to have increased by 0.6% in October alone. If you include figures for distressed sales which have something to do with short and real estate owned transactions, the gain was at 0.5%.The overall yearly increase in house pricing was around 5% to 6% in 2014.
You may remember how house prices plummeted just a few years ago. According to CoreLogic, prices are rising now because the housing market is recovering. This slow but steady recovery seems largely to be a result of improved employment, better buyer and seller confidence, and even increased investor demand.
If the market continues in this manner, prices are expected to look even better in 2015. “[By 2015], home prices in over half the country will have reached or surpassed levels last seen at the height of the housing bubble,” said CoreLogic CEO Anand Nallathambi.
What it Really Means for You
Several services and energy-efficient options are now available for almost every part of your home. If there are home improvement projects you’ve been planning to do, now is the perfect time to put them in action.
A better quality roofing system not only protects your home superbly, it can also increase your home’s value significantly. Installed expertly, it adds a good deal of curb appeal, making your home stand out in the neighborhood as well as the housing market.
We at Cooley Roofing are no strangers to house pricing changes. In fact, we believe in making the most of the house market’s growth by investing in home improvement projects – like placing a better quality roof over your head.
As your expert roofers in Winston-Salem NC and the surrounding areas, you can turn to us for an array of excellent roofing projects for your home. We can help you get rid of old faulty roofs or give your current one a much needed upgrade.
