Why is it important to replace your roof before listing your home?
“It costs money to make money” Is that why a lot of us wait until we are selling our home to make improvements? Well, yes! Certain home improvements can help us sell our home faster, and get more out of our investments, one of the most important being the roof!! The condition of the roof can not only make or break a sale, but if it is taken care of before listing your home, it can ensure success in today’s housing market.
Reasons you want to take care of your roof before listing your home.
Sell Your Home Faster.
Having a well maintained or newly repaired/replaced roof not only adds curb appeal to your home, but it provides peace of mind. Knowing that they do not have to worry about a potentially expensive project on their new home brings motivation to prospective buyers to move fast!
Ensure the Sell of Your Home.
If you decide to not take on your roof project prior to listing, you will have to lower the price of your home to make up for it. This may seem like a good idea, and you may even get several bidders, as a lower price is more attractive. But the fact of the matter is, getting a lender to agree on the terms of a necessary project will be difficult. If the roof is in need of a major project, the lender will make repairs/replacement a condition of the loan or may not fund at all, and that responsibility usually falls on the seller. At that point, the buyer can back out, and if they don’t, at the very least, the closing date will be extended to accommodate the completion of the project(s). So even if you lower the price, the repairs/re-roof will need to be done anyways, and now the sell of your home is delayed and made more complicated.
Return on Investment.
An instant return on investment is again of course peace of mind, but this time, yours. The peace of mind that there will be no complications added to your sell due to an outdated roof. You can also use can the new roof as a selling point, and as such, the price can be higher, recouping a large percent of the cost of the roof itself (up to 75%!).
Where to Start
Get a Home Inspection.
You will want to start by hiring a local home inspector to evaluate your home. He/she will be able to tell you about all the issues of your home, not only your roof. That way you can prioritize which repairs you will want to tackle. This will give you an accurate idea of what needs to be done on your roof, and if it is something that needs to be taken care of right away. You may even be able to file a claim with your insurance if it is damage done by a storm!
Gather Roofing Estimates.
If the inspector does find issues with the roof, you will want a roofing professional to take a look at it. Since there will be a range in price, depending on what you need done, you will want to gather at least 3 estimates (which are usually free) to make an informed decision. It’s never a good idea to simply choose on price, so you will want to do your homework on what contractor you will want to hire. Are they licensed, bonded, insured? Do they have a good customer rating? Can they offer extended warranties? Have they been in business long? Will they give you references? If the answer is no on any of those questions, move on to the next and save yourself the headache. Here is a link to How to Safely Hire a Roofing Contractor for more information.
What will you choose?
Your roof doesn’t have to be another issue to think about when trying to sell your home! Let Chase Construction NW, Inc. take care of it for you! We are Master Elite® Certified, licensed, bonded, insured, and experienced! Whether you need a minor repair, or a major overhaul, we have the expertise to complete the job right! But why wait until you are leaving your home? Why not enjoy the benefits of a beautiful new roof now? Contact us today for your free estimate! Fill out our free estimate form or call us today at 253-445-8950. Thank you for considering us for your next project!