Prior to listing a home for sale, many sellers find themselves with a dilemma: invest a considerable amount of money in a house you plan to sell by replacing the roof and hope to recoup the cost in the final selling price or forgo replacing the roof and hope that the buyers don’t negotiate a much lower selling price as a result.
There are a number of variables that factor into a decision. This includes how motivated you are as a seller, the cost of replacing the roof, current market conditions, and comparable home sales.
The Pros for Replacing a Roof Before Putting the Home on the Market:
Some realtors might argue that if a roof needs to be replaced the smart thing to do is to replace it before putting the home on the market. Buyers are attracted to homes with curb appeal and their first impression will likely be online photos.
An old roof in poor condition is going to be fairly obvious in photos and has the potential to deter buyers. On the other hand, a new roof will look great in photos. It certainly wouldn’t hurt to include that the roof was just replaced in the listing.
Those in favor of replacing a roof prior to listing may also argue that homes in good condition sell faster and for a higher price than those requiring extensive and costly repairs. In addition, having the roof replaced ahead of time eliminates a point of negotiation that can, in turn, serve to expedite the sale.
Cost vs. Value
It may be helpful to take a look at statistics to evaluate what the cost recoup value is. According to the Remodeling 2019 Cost vs. Value Report (www.costvsvalue.com), the cost recoup the value of replacing a roof for a midrange home is as follows:
* Orlando Area: 76,9%
* National Averages: 68.2%
Perhaps your roof isn’t brand new, but it isn’t falling apart at the seams either. In this case, it might be wise to call us at HD Roofing and we will inspect your roof professionally, we will come out to assess the condition of the roof and we could also do maintenance service for your peace of mind.
Before selling call HD Roofing and Construction can inspect your roof and help you choose the best course of action.