Are you planning to sell your home? You might want to repair or replace your roof first. After all, first impressions last, and the first thing a prospective buyer will see is your home’s exterior. While a few missing or cracked shingles may not discourage most buyers, a roof in poor condition can put your home on the skip list.
In this article, State Roofing, a top roofing company, shares the benefits of repairing or replacing your roof before selling your home.
Get an Upper Hand in Negotiations
If your roof is old and showing signs of wear and tear, a homebuyer may back out. In other cases, they may get the upper hand in negotiations. Most people try to get something for less than the asking price, especially when buying a new home. However, if you take care of roof repairs or replacements, you save a lot of time and effort for potential buyers. You can even use the new roof as leverage to justify your pricing.
Make Your Property More Marketable
To attract homebuyers, you need to make your property more marketable. One way to increase the curb appeal of your home is by replacing a roof with ugly staining or serious wear and tear. If you’re replacing your roof, you can also benefit from the many new technologies available. For instance, some roofing shingles reflect solar heat, which helps boost the home’s energy efficiency. By replacing your roof, you have the opportunity to set your home apart from the rest.
Avoid Building Inspection Issues
When homebuyers check out your home for the first time, the roof is one of the features they may want to investigate. No homebuyer wants to move into a house with a leaking roof, after all. As such, they may hire a roofer to have it inspected before they sign the contract. If a roofer deems your roof to be in poor condition, however, the homebuyer may look for another house, or as previously mentioned, get the upper hand in negotiations. To avoid inspection issues, take the time and spend the money to put on a brand-new roof.
Increase the Resale Value of Your Home
Replacing your roof is a great way to increase the resale value of your home. According to Remodeling Magazine’s 2022 Cost vs Value Report, an asphalt shingle roof replacement can give you a return on investment of about 60%, while a metal roof replacement can provide a 55% return. While a home improvement project cannot give you a full 100% return on investment, a new roof can get you a full asking price, smoother negotiations and a shorter time on the market.
State Roofing is a leading roofing contractor of choice among homeowners in Kirkland and Tacoma, WA. We offer a wide variety of composite, metal and recycled (green) roofs to match your home’s aesthetic. Call us today at (360) 794-7164 or fill out our online contact form to set an appointment.