As winter comes to an end, you may be considering selling your home. Before you decide, what is the status of your roof? This article will review some of the considerations to think about with your roof and how affects the selling of your home.
Better Roof = Higher Asking Price
Seeing a house with a recently-replaced roof is a huge bonus to potential buyers. A new roof can have a lifespan of 20 years for asphalt shingles or more than 50 years for slate, copper, or tile roofs. Buyers view a new roof both as good curb appeal and as one less thing to worry about with their new home and are often likely to pay more for the house.
An Old Roof is a Deterrent
If you decided not to replace or even repair your roof, you considerably lower the chances that someone will buy your house or at least in a timely manner. An aged roof offers much less curb appeal and gives potential buyers the idea that there are more repairs that need to be done.
Compare Your Home with Nearby Sellers
Are any of your neighbors also selling their homes? How is the housing market in your community? Take a look at how your house and roof status compares to others in your area. Replacing a roof is often ignored by many home sellers, so taking the time to improve the quality of your roof and overall home can put you higher up on the line than sellers nearby.
When to Repair vs. Replace
Are you trying to sell your home fast? Sometimes it can be time-saving to simply repair your roof, as opposed to fully replace it. It also could be a difference in thousands of dollars, which could be a big decision when it comes to loan approval or available money.
Loan Approval Status
Regardless if you decide to replace or repair your roof, some financial lenders require sellers to make major repairs (such as roof replacement) before the sale is closed. If your roof is in relatively good condition, lenders could still require you to make repairs to it if your house has trouble selling.
Get your Roof Repaired or Replaced
Have you made a decision on if you want to repair or replace your roof before selling? Contact Exterior Remodel & Design, Inc., for our top roofing professionals to help your roof improve your home’s curb appeal before you put it on the market.