It’s decided: You’ve done the math. You’ve checked out the school districts and you’re ready to move. And that means you need to put your house on the market. Selling your home can be stressful, and making the right decisions regarding updates and staging are crucial to getting top dollar for your house. Certain projects, like redoing your kitchen, are almost guaranteed to significantly increase your final sale price, while others are more of a gamble – like roof work. So, will replacing your roof or doing extensive repairs really pay off when selling your home? Yes and no. Let us explain…
Simply having a new roof doesn’t greatly increase the reasonable asking price of your home – the same goes for other less glamorous, but necessary house items such as electrical and plumbing needs. BUT, if your roof is in need of work or due to be replaced soon, many potential buyers won’t even consider putting in an offer, regardless of other perks in your home.
A solid, attractive roof will make your home much more desirable to buyers, especially compared to similar homes on the market. Even if you can’t necessarily add the cost of a new roof or repairs to the listing price, the money and time saved by selling your house sooner is definitely a gain. And with all the new shingle design and color options, replacing the old shingles can definitely give your older home a more modern look.
Deciding whether or not to invest in your roof before selling takes careful consideration, and we suggest a consultation from a professional. If you have a decent roof, the payout from replacing may be hard to see, but the older your roof is and the worse shape it’s in, the more a new one will increase the value of your home.