When preparing to sell your home, you won’t attract a lot of potential buyers if it isn’t in its best condition. Even if your home looks visually good, it’s still highly likely that there’s hidden damage somewhere within the plumbing or exteriors. Of course, some people may be willing to undertake additional renovations for your home, but that also gives them the advantage of haggling for a price you might not settle for. So, if you want to sell your home for a good price, you need to increase its property value. The best way to do this is to invest in renovating your home, which can include working with professional roofing companies in repairing or replacing your roof.
Is a New Roof Worth Investing?
When potential buyers check out your home for the first time, they’ll first notice the exteriors. Your roof makes a big part of this, which means it can make or break that first impression. If it looks mostly intact save for a few cracked shingles in some areas, it can still attract several buyers. However, A roof that looks too old or deteriorated isn’t appealing for most, so this needs to be resolved to make your home more presentable.
But whether you need a full roof replacement or just extensive repairs can depend on several factors. In some cases, you won’t need to fully replace the roof if the damage and deterioration are relatively minor. But then it may also be more cost-effective to tear off the old materials and install a brand new roof before listing if the repairs become too costly. Either way, this will help increase your asking price when you sell your home.
How Much a New Roof Increases Property Values
Many major home improvement projects can increase your property value and your asking price. But you should also keep in mind that not all can give a 100 percent ROI (return on investment). The same goes for roof replacements, but the amount of ROI can be higher if you invest in better-quality materials. For example, asphalt shingles offer the best in beauty and performance while having a lifespan of around 20 years with routine maintenance. But if you upgrade to better quality materials, it can go for 25 years or more, which can help increase your property value.
Choosing Between Repair and Replacement
With a new roof, you can still get a full asking price when you resell your home. And since it’s newly installed, it won’t stay long in the market since you’ll attract more buyers. This also helps make the negotiations smoother as both parties can settle on a comfortable selling price. However, a full replacement is a big investment that should only be considered if your current roof may affect your home sale otherwise.
The best way to decide whether you should get your roof repaired or replaced is to get it checked thoroughly by trusted roofing companies. This should be done before listing your home, of course, and they’ll give you a detailed assessment of your current roof’s condition. If you only need repairs and your roof still has a long lifespan, make sure to get them done immediately and preferably by the same contractor who did the inspection.
Even if you only need repairs, some buyers may not be willing to pay the full asking price for your home, especially if your roof is over ten years old. This is because they know that the age of the roof can affect the selling price as they may expect to pay an additional replacement after a few years. This won’t be a problem if your roof was newly-installed, which means you can still stick to your favored price point when a potential buyer is interested in purchasing your home.
If the roof damage and deterioration are already hard to miss, then don’t think twice about getting it replaced. For instance, a sagging roof isn’t reassuring buyers that the home has been well-maintained by the seller. Active leaks and visible wind/hail damage can also affect your home’s visual appeal and may even take longer for it to get sold. So, if you want to sell your home quickly and are willing to pay more in improving your home, call your trusted roofers for a replacement!
Other Reasons to Update Your Roof
- Avoid building inspection issues. Some buyers may hire a third-party inspector to check your roof before placing an offer on your home. If you didn’t invest in repairs because it looks intact, they may still back out after finding that the entire structure isn’t in good condition. This is why a proper replacement can save you the trouble of having an inspector deem your roof in bad condition.
- Better peace of mind. A new roof is always worth investing in as you won’t have to worry about buyers being iffy about your asking price. Just make sure that it’s done by experienced roofers as this can be reassuring to future homeowners. It’s also a big indication that the rest of your home is also in good condition which gives them better peace of mind. However, that doesn’t mean you don’t need to spend on other renovations to make it more presentable. You can still choose to invest in other renovations (especially your interiors) to make the buyers fall in love with your home and purchase it!
- Quicker negotiations upon purchase. Keep in mind that a home that’s ready to move in will make for a quick purchase and transaction process. A fully renovated home along with a sturdy roofing system gives you an advantage when the buyer wants to negotiate a price for your home. Simply put, you can use your new roof along with the other renovations you made as leverage that your asking price is justified.
When you work with Next Level Roofers, you can be sure that your summer roof replacement project is completed with your best interests in mind! To get started, call us at (407) 237-7960, or fill out our contact form. Our Florida service areas include The Villages (Leesburg) and the whole of Sumter County.
