Should You Repair Your Old Roof or Sell Your Home As-is?
If you’re thinking about selling your home, knowing when to replace your roof is critical. To help you, here are some factors to consider.
First, when buyers are paying a premium price for homes, they expect to receive a pristine property in return. And, according to a recent study of Millennial buyers, around half of them are looking for move-in ready homes that won’t require any kind of maintenance for at least the next 10 years (meaning they’re likely to pass up a home that needs a new roof).
Your roof is a component of your home that can significantly impact the final sales price, as well as your ability to sell your home quickly, so it’s a good idea to get an expert opinion. If your roof is more than 10 years old, and there aren’t obvious issues with leaks or missing shingles, hire a vetted professional to inspect it before listing. It is better to have this information up front, rather than learning about it upon seeing the buyer’s home inspection report.
Get a Better ROI
After safety and function, the number one reason to replace a roof is that it can leverage your ability to recoup that investment. A roof in serious disrepair can easily become a negotiating point in a home sale. Savvy sellers know that if they don’t fix their roof and it needs it, buyers will expect to pay less. Fortunately, there are a few types of renovations that reliably earn every dollar back when the home does sell, and roof replacement is one of them.
A home that needs significant roof repairs will appeal to fewer buyers, namely those who are looking for a fixer upper. Keep in mind that the harder it is to find buyers, the longer it will take to sell your home.
How to Decide
Your best bet is to figure out where you stand by reviewing your home’s condition, the current market, and any nearby sales activity. You should know everything you possibly can before listing your home for sale.
To help you get a clearer picture of what might be a roofing issue for potential buyers, contact Storm Guard Roofing and Construction of Chantilly to schedule your FREE, no-obligation roof inspection today or call us now at 703-421-7340!
You can count on Storm Guard for all your roofing and construction needs. See what a few of our clients have to say about our beautiful builds.