It’s no secret that roof repairs can kill the sale of your current home or the purchase of a new home. If you are the seller, a prospective buyer may be willing to overlook bad landscaping, dirty carpet, and other inexpensive repairs. However, a home that needs a roof replacement or significant roof repairs is more than likely a deal-breaker for the majority of prospective buyers. Given the expense and headache involved coupled with the fact that there may be water damage in the home caused by the damaged roof, a good majority of buyers will walk away from a deal if the roof needs to be replaced; no matter how much they have fallen in love with the home. Below we will discuss a few ways that a property’s roof can affect the sale or purchase of a home.
If You are a Seller, it Can Lower the Return on Your Home (ROI)
Even if the seller doesn’t initially disclose the age of the roof, this information typically comes out during the buyer’s home inspection. Particularly, a reputable and professional home inspector will conduct a comprehensive examination of the roof as a part of the standard home inspection. After the prospective buyer receives the home inspection results, they will either walk away from the deal or negotiate. When buyers start negotiating, this means they want a lower price. Essentially, a roof that needs to be repaired reduces the sales price of the home to reimburse the buyer for the cost of the roof repairs or full replacement.
As a seller, if you want to avoid lowering the price of your home, you may want to consider replacing your home’s roof before putting your home on the market. Basically, if the roof needs, you will end up paying for the cost to replace the roof in one way or another.
Replacing Your Roof Increases Your Curb Appeal
When a roof shingles or ceramic tile roofing is nearing the end of its life expectancy, it is quite noticeable.
A visibly degrading roofing is an instant sign to prospective buyers to “stay away” from this home. Even if a prospective buyer doesn’t see the degrading roof when viewing the property online, they’re bound to see it when they view the residence in person.
On the other hand, a new roof that looks well-cared and clean sends a message that your home is valuable and enhances your home’s curb appeal.
A New Roof is One of the Best-Selling Points, Especially a Ceramic Tile One.
The importance of a new roof to a home cannot be overstated, especially when dealing with an older home. A recently replaced roof increases the overall value of your home. Essentially, you are giving buyers years of peace of mind and security.
Professionals agree that adding ceramic tile roofing is one of the most economical home improvement projects available. Tile roofing systems are an environmentally friendly building choice. This fashionable roofing systems can withstand several of harsh weather conditions and has a life expectancy of 50 to 100 years, which prospective buyers love. Additionally, tile roofs typically carry a somewhat longer warranty than various other roof types.
Tile has actually been Europe and also Asia’s preferred choice for centuries, with many tile-roofed structures requiring little or no maintenance. In general, replacing your roof with a ceramic tile roofing system can be a good selling point for prospective buyers in your market.
A New Roof Simply Selling Your Home
No matter your local market, a home that needs a new roof will be tough to sell. As such, to avoid having your home sit on the market for a significant amount of time and having to lower your price, it’s probably better to just replace the roof before putting your home on the market.