If you’re looking to sell your home in the near future, you may have a running checklist of home projects to complete before you officially go on the market. Updating your landscape, freshening up the paint, and decluttering your living space are easy economical improvements, but what about replacing or repairing your roof?
When people are looking to buy a new home, one of the main areas of concern is the status of the home’s roof. According to Remodeling Magazine, homeowners in Florida can expect to see on average a 69.3% return on a full roof replacement and 61.7% for minor rehab. That’s a lot of capital to miss out on if you choose to ignore your roof. Of course, there are other factors that can come into play with that number. How old is your roof? Has it been properly maintained? And how’s the current housing market in your area?
The first thing you want to do before making any major decision is get a full roof inspection from a licensed roofing contractor. The inspection will reveal any potential issues with the roof and a roofing contractor can provide recommendations on whether a full roof replacement or minor repairs would suffice.
The age of your roof is also a major factor when selling a house. If your roof is nearing the end of its life, the buyer will take that expense and burden into consideration when making an offer. If you’re unsure of the age of your roof, consult with a roofing professional to help pinpoint the age based on roofing materials and how long you’ve lived in the home.
Before selling, you should review your local housing market and what conditions similar houses in your potential price range are in. If the market is flooded with similar houses and conditions, then a new roof may be a major incentive to potential buyers. If the market is quiet, without a lot of inventory available, then the better option may be selling the house as-is and pricing your home accordingly. In the right market, selling your house as-is at a lower price point may work in your favor and could attract multiple buyers in a bidding war.
When you’re ready to sell your home, don’t hesitate to reach out to Handyman Roofing to assist you with your needs. From comprehensive roof inspections to roof repairs to full roof replacements, we’re here to make sure your roof is in the best shape possible before going on the market. Contact our team today and get started with your free estimate.