Should you replace your roof before selling?

Selling

Are you thinking about putting your home on the market for sale? It doesn't matter if you've been living there for 50 years or five, you want to do everything you can to get the most out of your investment. Here's why a residential roof replacement might be a great choice to boost your ROI if your existing roof is 15 years old or more, or at least save you time and effort during the sale process.

Increase Your Sale Price
While it's a significant investment, a new roof is likely to recoup most of its upfront cost, as it's a top factor that home buyers look at when deciding on a home.

Save Time on Roof Repair Negotiations from Buyers
Many buyers will look for any excuse to offer less on your home than what you're asking, and an aging roof could reduce your sale price by thousands. Dedicating the time and money to a new roof now will save you the headache of a lengthy back-and-forth over purchase price later.

Maximize Eyes on Your Home and Speed Up the Sale Process
People don't want to put major improvements into a home they're just moving into. When buyers notice an older roof, they are more likely to skip seeing your home entirely. The more eyes on your property, the better, and likely the sooner you'll get the final offer settled.

Keep Lending Companies Satisfied with Adequate Roof Repairs
You might not care about the age of your roof when you list your home – let the next person deal with it. But you may come to care when the next person's mortgage company comes to do their own inspection of the property. If roof repairs are required, they may refuse to approve the loan or request the necessary fixes be completed before they will move forward with loaning any money.

Looking for other pre-sale repairs to help smooth your sale and increase your value? Call Sarah Marrinan for a personal home sale analysis.