Should You Invest in a New Roof Before Selling Your Home?
If you are one of the millions of Americans looking to sell your home in the new year, you likely have a lot on your mind. Chief among these will be how you can get the best possible asking price for your home without having to invest more money than you can afford on home improvements.
There are many factors that affect the listing price for a home, with curb appeal and structural soundness being among the most important factors that realtors look at.
That’s why many people ask whether or not a new roof will improve the listing price of a home. The answer, as with many facets of real estate, depends on several factors. If you are wondering whether the new roof cost is worth it when selling your home, read on to find out more.
1. When You Should Get a New Roof
There are a number of situations in which a roof replacement is the right decision if you are trying to sell your home. If your roof is dilapidated or clearly in need of a lot of maintenance, you will probably need to replace it if you want to get a decent price. Furthermore, homes that need a lot of maintenance will stay on the market for a longer period of time and are more likely to receive low-ball offers.
Always have your house fully assessed and surveyed by a qualified professional prior to listing. They will tell you whether the condition of your roof is truly dire. If there are serious structural weaknesses or widespread rot in your roof, you should pay to replace it entirely.
In addition, if you are particularly concerned about curb appeal, you might want to consider getting a new one. However, this is not always necessary. Instead, you can just find a qualified roofer to make the right repair and visual improvements for your roof. This will cost significantly less than a roof replacement.
2. When You Should Not Get a New Roof
There are also situations where it is definitely not necessary to replace your roof. A roof replacement can easily cost tens of thousands of dollars. Therefore, it should only really be done if this investment has a good chance of paying off. This is only likely if your roof is severely delapidated. If your roof has some holes in it or minor damage, then simply Google “roofer near me” and find a qualified professional to fix it for a couple of hundred bucks.
In addition, if you are worried about curb appeal, as mentioned above, a roof replacement is not always necessary. Instead, you can repaint the roof or replace the shingles, both options that cost significantly less time and money. In addition, if your realtor straight-up tells you that replacing your roof will not affect the sales price by much, then listen to them and do not bother.
Smart Renovations Are They Key to Success
Just as deciding when to get a new roof requires knowledge of the pros and cons, so does every other real estate decision you will make. If you want to make targeted, smart home renovations that will deliver maximum value, we have got you covered. Make sure to consult our expertly-curated Renovate Section today for the latest tips on smart, successful renovations you can make.
