If you’re getting your home ready to sell, you suddenly notice all its problems. Will a prospective homeowner like your kitchen’s colors? Will he or she turn away because of your outdated windows? Will your unfinished basement cause buyers to look elsewhere?
As you consider your home’s features, one of your biggest considerations should be your roof. The roof is one of the first things prospective home buyers consider. After all, the roof is arguably the home’s most important feature, as it protects you each day from the elements. Plus, a leaky roof can cause costly damage to walls and ceilings.
Some people leave their roof as it is, assuming the next homeowner will take care of repairs. But a poor roof can prevent you from selling your home in the first place. Here are some reasons why you might replace your roof before moving.
1. Your Roof Is Severely Damaged
If your roof needs only minor repairs, you may be okay leaving it as it is. However, home buyers look for certain roof problems that tell them the roof needs immediate repair or replacement. These problems include:
- Sagging and crumbling
- Cracked or curling shingles
- Missing shingles
- Moisture in insulation
With problems as severe as these, it’s probably in your best interest to get your roof repaired or replaced. Otherwise, home buyers won’t give your home a second glance.
Your roof’s age also plays a factor in buyers’ interest. Most roofs have a lifespan of 20 to 25 years. If your roof is older than this, ask for a roofer’s opinion about whether it’s time to replace your roof.
2. The Market Isn’t Competitive
Even minor roof problems decrease the likelihood of selling your home. If you live in a good neighborhood and many people are looking to buy, you might not have a problem getting an offer. But if you need to sell quickly and nobody’s buying, you should work hard on making your home stand out. A new roof can really make a difference in selling your home within a good time frame.
3. Insurance Covers Your Repairs
If your roof was damaged in a natural disaster, your insurance may cover some or all of the repairs. In this case, repairing your roof is a no-brainer. You can make your roof more attractive to home buyers without spending your savings.
4. You Get a Return Investment
In most cases, you’ll get a good chunk of your roof expenses back. With a brand new roof, your home will sell for much more than it would otherwise. It’s estimated that you’ll get about 63% back for upscale replacements and 72% back for standard replacements.
Unfortunately, you likely won’t get 100% back in selling costs. But many sellers believe the quicker selling time makes up for what they spent on repairs. And if you don’t repair your roof, you may end up selling your home for much less than you had hoped.
5. The Lender Requests Repairs
Even when you want to avoid roof repairs, you may have no choice. Some lenders require major roofing repairs before they close on the house sale. You could wait to see what the lender says, or you could get the repairs done now to avoid the hassle.
You may hesitate investing in repairs or replacements that you won’t get to enjoy yourself. But if any of these reasons apply, you’ll benefit from getting your roof repaired or replaced.
The professionals at Mid-Miami Roofing, Inc. would be happy to examine your roof and give you a free quote. Call us today and prepare your home for a faster, higher-cost sale.