A new roof can add years to the life of your house, but does it also increase its value? If you want to sell your property soon, then a new roof could be a worthwhile investment for you.
Can a new roof be beneficial in selling your home?
The 2017 Remodeling Impact Report, a survey conducted and published by the National Association of the Remodeling Industry (NARI) and the National Association of Realtors (NAR), states that 45% of Realtors suggested sellers add new roofing before attempting to sell and 32% said roofing is what helped them close the deal. The organization argues the recovered cost is more than the spent cost (109%).
Here are a few more ways a new roof can boost your home’s value:
Resolves Leaks and Water Damage
A leaky roof can be a headache, especially if you’re trying to sell your home. Before you list your home on the market, you’ll want to take care of any leaks and water damage. Prospective buyers can be turned away by issues like these.
A leaking roof can cause visible damage to walls & ceilings and possibly even mold or rotting inside the walls. Replacing your roof as soon as you notice leaks can prevent these issues and save you (or your potential buyers) money in costly repairs in the future.
Increases Curb Appeal
If the foundation and structure of a house are in perfect shape, a degrading roof can be a huge distraction from that. This is problematic if you’re considering selling your home or if you need a home inspection of any kind.
A new roof can give your home a facelift and increase its curb appeal. If you’ve lived in your home for quite a while, you might be ready to give it this type of facelift. Or, if you’re selling your home, a new roof can make a great impression on a future buyer and give them the confidence they need to make the purchase.
Implements Manufacturer’s Warranty
Homebuyers love a solid guarantee about the lifespan of their investment, and when you put a new roof on your home, you’ll know that the manufacturer’s warranty is covering you. This can sweeten the deal for buyers and offer them the peace of mind they’re looking for in their purchase.
Avoiding Home Inspection Issues
A roof in poor condition can stop a home sale in its tracks. If you have concerns about your roof, you may want to get a pre-listing home inspection to see if any issues arise. Or, you could consult with a real estate agent or roofing contractor to determine what your next steps should be in order to avoid home inspection issues after the sale is in motion.
Signs you should repair or replace your roof before selling
Your home’s curb appeal and the home inspection can be negatively impacted by signs like:
- Buckling or cracked shingles
- Sagging roof
- Ice dams (in the winter)
- Recent wind or hail damage
Consider a roof repair or roof replacement if you notice any of these signs in your current roof.
Ready to Get Started?
Getting an estimate from a roofing company before you list your home can allow you to weigh your options during the selling process. Tristate Roofing & Remodeling has over 60 years of combined experience, and we’re here to help. Call us today to set up an appointment for a free estimate!