Is a New Roof a Good Investment When Selling a Home?
When you are looking to sell your home, a common question can be ‘is a new roof a good investment?’ The answer depends on the current condition of your roof. This will be known once an inspection is done for your home, and a roofing expert gives you an estimate.
What Happens After the Inspection?
It is important to note that an inspection will let you know if there are issues with the roof, but usually does not go in depth. This is why it is important to have a roofing expert come after the inspection. This is because the inspector will look for things that are visually wrong that are indications for more serious issues. They will look at the condition of the shingles, any visible repairs that have been made, make sure the vents are clear and the gutters drain properly. A roofing expert will be able to tell you exactly what is wrong and if a new roof is a good investment.
Receiving an Estimate
After you receive an estimate, a decision needs to be made on how to proceed. The first thing to consider when looking if a new roof is a good investment is the cost. If you are unable to afford it, it may be better leave it be and lower the price of the house. This way the new buyers will purchase the roof after the house. However, if the roof is beyond its useful life and it is necessary to replace, look into the financial assistance that roofing companies can provide.
If you want to sell the home faster, it is a good idea to invest in a new roof since you will be able to pay it off quickly. If you do not get a new roof, the buyer can use that during negotiations for a lower price. There is no telling if they will use the money saved to invest in a new roof. If the buyer is rushing to purchase a new home, they may not want to deal with having to purchase a new roof. Instead they will settle for something more move in ready making a new roof a good investment.
Deciding if a New Roof is a Good Investment
When advertising your home on the market, you are able to use ‘Brand New Roof’ as a key selling point. Also, if a potential buyer questions the reason for the pricing, a new roof is a great reason to have. It is because they will not have to worry about replacing it for years to come. The curb appeal is another reason that a new roof is a good investment. The outside of your home is what people first see. Consider it like judging a book by its cover, you try not to do it but sometimes you can’t help yourself. If you see a brand-new roof, it sets the stage for the rest of the tour. A roof needing noticeable repairs alerts the buyer to be on the lookout for more issues on the inside.
Selling your home can be stressful, especially when you know the buyer can hold something over you during negotiations. If you are ready to get your home prepared for sale, a new roof is a good investment. Give us a call to set up a free estimate today at 800-303-8392.
Posted by Leona Burton