Between searching for a listing agent, beefing up your cleaning schedule and deciding on a listing price, it’s needless to say that selling your home can be quite stressful. Being blindsided by major necessary repairs is the last thing you want as a seller. One of the most common issues that affect sellers is roof replacement.
Before listing your home, it’s wise to have your home’s exterior inspected and go from there. After finding out that your roof is in less than great condition, it is time to consider roof replacement. We’ve outlined several key points that demonstrate why roof replacement is the right choice.
1. Avoid point of negotiation with a buyer
By taking care of the roof replacement on your own, you’ll have the upper hand when it comes to negotiating with potential sellers. You can use the new roof as leverage to justify and stick by your pricing. If the roof was not repaired, the potential buyer would have the upper hand in negotiating a fair price based on the home’s need for repairs.
2. Avoid buyers choosing other homes over yours
Curb appeal attracts buyers. Homes listed with terrible curb appeal get passed right by. With a roof that has missing shingles, ugly staining or serious wear and tear, your home could be on the skip list. Unless your home is so lowly priced that potential buyers overlook the bad roof, you’re likely to get no inquiries or offers unless you repair your roof.
3. Gain more marketable property
Your property is much more marketable in good condition. You can use the new roof as leverage to attract potential buyers and convince them to choose your home. Consider placing the new roof factor in the description of your home’s listing. The visible curb appeal will attract buyers and the new roof will serve as an added bonus.
4. Leave less work for the buyer
Buyers often want a turnkey home. A new roof gives them peace of mind that the home is in good condition. As a result, they’ll have less work in the long run. The more peace of mind the potential buyer has, the more likely they are to buy your home, the quicker the process for all.
5. Add personality to your property
New technologies make it possible to have asphalt shingles that have a slate-like appearance. Some shingles even reflect solar heat, boosting the home’s energy efficiency – another great selling point. A new roof gives you the opportunity to set your home apart from other homes in the area by adding your own unique flair.
6. Dodge building inspection issues
You don’t want to bypass replacing your roof just for an inspector to deem your roof in bad condition. If someone has placed an offer on your home, they may back out after finding that the roof isn’t in the best condition. Or in other cases, you’ll give them the upper hand as mentioned earlier.
7. Improve resale value
According to Remodeling Magazine’s 2013 Cost vs. Value Report, a new roof increases home resale value by a national average of nearly $12,000. The survey also revealed that homeowners who install new roofing can expect to recover an average of 62.9% of the installation cost through increased home value. There’s no better incentive than to know that the hard work you put into your home will financially pay off in the long run. With $12,000, that puts the ROI of a roof installation ahead of installing a new bathroom or a backup power generator.
There are several benefits to repairing your property’s roof before putting it on the market. When the time comes to have your roof looked at, call Aspen for a free inspection and estimate. Our service representatives are friendly, knowledgeable and ready to help improve your property.