Your Roof Could Break Or Make The Deal
You have decided to sell your home? Congratulations! One inquiry that surfaces a lot with regards to putting a home on the market is: What do I have to do about my roof? Would it be advisable for me to fix it, supplant it, or simply have a go at selling the house with no guarantees?
In all honesty… it depends. Not the exact answer you were searching for? Don’t worry, we will help you figure out the best approach for your situation!
What Will Happen If I Choose To Do Nothing About Replacing My Roof?
Most of us would rather not deal with the replacement of a roof when selling a house and rather sell the home as-is, but doing this can have the following negative effects:
Not as many offers
If your roof needs a lot of maintenance, has leaks, or missing shingles it has the potential of turning away buyers. The first thing new homeowners want to do is enjoy their new home, not fix a leak. Justifiably, you’d prefer not to need to stress over fixing or replacing your roof, but on the other hand, it’s important that you look at it from the homebuyer’s viewpoint. THEY would prefer not to stress over it as well! Also, a ‘DIY’ roof can cause the remainder of your home to look and feel like a ‘DIY’ project as well. Unless Chip and Joanna Gaines have effectively moved toward you about making an offer, it would be more intelligent for you to feel free to deal with your roof now so you can effectively showcase your home as being really “move-in ready.”
If the potential buyers are anticipating a full-roof replacement in the near future then they may not be willing to offer what you have your house listed for. You may have to knock down your asking price so the cost of a new roof to the homebuyer makes sense. It might help some potential buyers, but the offers typically wind up being lower than what you were expecting. Furthermore, regardless of whether you do bring down your asking cost fairly, numerous buyers will attempt to bring you down even lower. Offering your potential buyer a home with a sound roof in the first place will bring trust, ease, and a potential higher offer.
A slow closing process
It could be a longer closing process if you wait to do a roof inspection. The potential buyers could request a roof inspection and might discover that a new roof is needed. If this is the case, they may want to negotiate a lower price for the home or wait until there is a new roof on the home to close. In the event that you don’t do anything to address your damaged roof, not only will you get lower offers, it could slow down the closing process as well. Your potential buyer might stall and keep on wrangling with you over the last final cost. In another case, for the homebuyer to get financing, the lender might wind up expecting you to fix or replace t the roof prior to closing. If that ends of being the situation (which happens more often than not), you’d save yourself (and the homebuyer) a great deal by taking care of that ASAP!
Now That You Know Your Roof Should Be Addressed: Should I Repair Or Replace My Roof?
In the event that your roof needs some care, you truly just have two choices – either repair it or replace it. While making the decision to repair or replace look for the following:
- Damaged Shingles
- Missing Shingles
- If your roof is 15-20 years old
- Hail/Storm Damage
- Heat Damage
- Roof Leaks
Now, Let’s Talk Roof Replacement!
Eventually, settling on a decision about a roof replacement truly relies on the age of your roof, its condition, the roofing materials, and the quality of the last roof installment. In the event that your house is truly due for a roof replacement, you should just go ahead and have it replaced. A new roof can increase the value and curb appeal of your home. You may not see 100% return on investment, but not many home enhancements offer a full recover on cash spent with regards to putting a house on the market. Also, the exterior of your home is the first thing that your potential buyers see. A new roof can bring so much curb appeal to your home by updating the color or changing the roof material!
It’s ideal to search for a genuine, trustworthy, and local roofing contractor who can assist you with evaluating your choices, including offering minor fixes.
TUSK Roofing is the roofing company that you can trust to guide you through the roof replacement process and insurance process as well.
We also would be happy to offer our free, no-obligation roofing inspections to you! Reach out to us today.