When you first consider selling your home, it’s natural to look around and see all the things you wish were different about the house. If you’ve been putting off repairs and upgrades, these may catch up with you now. For example, getting a new roof may be a necessary but big investment. Learn why you should replace your roof prior to putting your home up for sale.
A New Roof Can Be Reassuring to Buyers
Potential home buyers want to know that the house has been well-maintained through the years. A poorly maintained home can be vulnerable to a host of long-term issues. So if home buyers show up at your house and see that something as important as the roof has been neglected, they may be scared off.
On the other hand, if you are proactive about replacing the roof before listing your home for sale, the new roof can reassure buyers that you are a conscientious homeowner who has taken excellent care of the property. That can go a long way to increase buyers’ confidence that they are purchasing a house that won’t turn out to be a money pit.
A New Roof Adds to the Home’s Curb Appeal
The curb appeal of a house plays a vital role in attracting potential home buyers. If a buyer drives by a home and perceives that its exterior is in disarray, they aren’t likely to give it a chance. Who wants to live in a house that hasn’t been cared for? On the other hand, if the outside of a home is well-maintained, it encourages potential buyers to check out the rest of the house.
A roof generally comprises around 40 percent of the average home’s exterior, as reported by Better Homes and Gardens. A high-quality, aesthetically appealing roof can even draw people’s attention to the house.
In addition, a change in the color of a roof and the materials it’s comprised of can transform a home’s curb appeal from drab to beautiful.
A New Roof Increases Your Property Value
Getting a new roof for your home can increase its property value by over $10,000. Unfortunately, buying the new roof may cost more than the value it adds to your property. Even so, the benefits of a higher property value can be worth the investment. Also, if you need to get a new roof for other reasons anyway, having a greater property value makes this a total win.
If for some reason you are unable to sell the home in a timely manner, having the increased property value from the new roof can still help you sell the property later. It will also offer short-term benefits while you own the home. For example, if you have a home loan, you may even be able to cancel insurance premiums if your home reaches a certain loan-to-value ratio.
A New Roof May Help You Avoid Legal Problems
If you sell a home and don’t fix the roof or disclose issues with it, you may get in trouble later. Homeowners should never knowingly sell a home that has serious problems like a roof in need of repair, without fully disclosing that to the new buyers. Otherwise, the new buyers may file a lawsuit against the seller.
Here’s the tricky thing. According to U.S. News & World Report, seller disclosure law says the home seller may be responsible for a faulty roof even if they didn’t know there was a problem. This means that if the seller should have known about the issue, they can be held responsible for it. If you aren’t sure whether or not you need a new roof, make sure you have the roof assessed.
A New Roof Can Give You the Upper Hand in Negotiations
When it’s time to negotiate with an interested home buyer, having a new roof can give you the upper hand. After all, you may point to the careful maintenance and care you’ve put into the home, including the installation of a new roof. The opposite is also true. If you don’t get a new roof, the buyer can point out that they’ll need to make costly roof repairs.
The new roof can also help you avoid issues with the home inspections of your house. If an inspection reveals that you need to replace the roof, the buyers may start to have second thoughts. Even if they thought the roof looked great and wouldn’t need that much work, learning that it needs to be replaced may scare them into thinking they’ll discover a lot of other problems with the house.
Contact Acoma Roofing, Inc., today for a free initial consultation and roofing estimate. We have been providing the highest quality roofs and roof repairs to residents of the Tampa Bay area since 1952. We offer roofs that are aesthetically pleasing and made to last, and they are also sure to increase the value of your home. That’s something that’s sure to please every home seller.