4 Reasons to Fix Your Roof Before You Sell Your Home
It is not a matter of if you will need to fix your roof, but when. Every homeowner faces the challenge of maintaining their roof. Though there are many expenses when it comes to selling your home, it is essential to know that in most circumstances, repairing your roof is one of the most beneficial repairs you can perform before putting your home on the market.
In today’s market, your roof is your home’s first impression and a significant indicator of an excellent potential offer. If you don’t want to lose money on a prospective lead, it’s always a good idea to have it looking its best. Here are a few reasons why you should fix your roof before you sell your home and how it is beneficial for you and the new buyers.
1. Increase the Resale Value of Your Home
A new roof significantly increases the resale value of your home. On average, this home improvement project can increase your home’s overall value by $15,000 or more. This means that you can potentially receive around 60% or more of the investment cost into the new roof back upon selling your home.
Although many homes might not need an entirely new roof, it is always best to fix any issues that might arise before the new owners move in. Getting a thorough inspection done to determine the need for a new roof can help you decide whether or not to go through with this extensive project before placing your home on the market. It can also help to point out potential issues that the new buyers might have to deal with and properly disclose that information to them or the realtors.
2. Avoid Building Inspection Issues
Building inspections are a necessity when purchasing a new home. Homeowners want to ensure that the house they are placing their hard-earned money in is safe, and they are getting what they have been promised. The worst-case scenario for anyone selling their home is to get an offer later to find out the roof is deemed in bad condition.
Not only can this cause buyers to back out of an offer. It can also decrease the value of the homemaking room for price negotiations. To avoid inspection issues that may arise, getting your home fixed up and in good condition will benefit both you and the new buyers in the long run.
3. Provide Less Work for Buyers
Home renovations take time and can increase the stress that new homeowners feel when moving. Therefore, many homeowners, especially new ones, want a home that is turnkey-ready. This means that little work needs to be done upon move in. The safer the buyer feels investing their money into buying this home the better it will work out for you in the end; by leaving fewer projects for your new buyers to do when they move in, the more perceived value your home will have.
4. Avoid Cost Negotiations
As we stated above, having your home in good condition when you place it on the market will leave little room for price negotiations. However, failure to maintain certain aspects of your home can create leverage for buyers to use against you when discussing a price point.
To avoid these situations, it’s best to maintain or fix any areas of your home that a new buyer can use to justify a lower price point for your home. It’s also best to determine the long- and short-term investment of repairing damage to your home vs. the potential decrease in your home’s overall value. In some cases, it may not be the best financial move to repair the minor damages but leave it to the new homeowners to fix when the time comes.
Selling your home is enough of a headache; however, you want to make sure you get your money’s worth. Sometimes that means investing in some home maintenance before you put up that for sale sign in your yard. The reasons that we have outlined to fix your roof before you sell your home are different for each homeowner. Therefore, consider each when the time comes.
Here at Rosser Roofing Solutions, you can rest easy knowing that your roof replacement or repairs are in good hands. We treat each of our customers like family and give you competitive pricing and a 2-year warranty on all roof replacements. Schedule a free roof inspection with us today, and let us help you determine the best course of action to take before you sell your home.