We’re getting ready to sell our place and the roof is functional, however we’re weighing the pros/cons of reroofing before selling. Would a new roof add anything to the resale value of the property?
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As a homeowner, the money you put into your homes upkeep is an investment in one of your most valuable assets. Even before you own your home outright by paying off your mortgage loan, you have a financial stake in your home that makes it worthwhile to spend money on improvements. A major improvement such as a new roof, can quickly add value to your home.
It actually increases curb appeal and also helps with your insurance company. upgrading your roof might reduce your premiums
A new roof DOES in fact add value to your house. Its a major part of the house and some realtors will even put on the listing that it has an updated roof. Also adds curb appeal to the house.
A new roof adds value. just as all cosmetics on your house. I.E. painting the exterior, updated countertops and backsplash inside the home. Look at how the realtors list properties, look at what they all highlite. New roof, granite countertops, etc.
Yes,
your home is an investment, , a new roof will not only give you security but
will also go along way if trying to sell your home when when it comes to inspections, a roof in poor condition many time the buyer will start asking for concessions for repairs
Let’s be honest. If your roof is functional why replace. The curb appeal factor is nice for selling but as new owner their choice of roofing are different then yours so let them decide what to do with it. Always take care of your home however the return isn’t as great as one may think on re doing the roofing when selling the home.
A bad looking roof can narrow down the field of prospective buyers. It can also hold up a sell. The last thing you want. The more buyers interested the more you can ask for the selling price.
In today’s market many of the warranties, labor and materials, are transferable to the new homeowner. That is a great selling point.
I think the question should be how much is an old roof going to lower the value of the home? Quite a bit for sure. I feel an old roof gives more bargaining power to the new buyer than the seller.
So, re-roof
It increases the curb appeal, so you will attract more buyers. In California, an inspection necessary for the buyer to acquire a mortgage. The inspection results will be a very important part of the negotiation process. If you fix the roof you can ask for more than the discount you would give by selling the house with a sub-par roof. Many home-buyers want their new homes to be move-in ready. They would often prefer that essential and expensive improvements are wrapped up into their mortgages, rather than having to pay a lump sum of $10,000 or more.
Absolutely, in fact new roofs can come with 50yr warranties. As a new homeowner you would find it appealing that it was just replaced and not having to worry about it is something that puts a persons mind at ease. A roof is a very important part of your home as water can leak through and cause further damage. One of the things most homeowners want to know about when having the home inspected is the condition of the roof, if its in bad shape a purchaser may ask seller to take the cost of the roof off of the house. Another reason would be for curb appeal, its like giving a house a face lift, sometimes changing the roof and siding can change the entire look of a house and bring it from run down to top notch. Definitely a good idea to get the roof done before sale.
A new roof, under the new title 24 requirements, saves home owners money and adds value to the sale, as long as the realtor understands how to present it. It used to be that any necessary attic work was done in the early mornings due to the amount of heat build up by 10am in Southern California. With these new, required roofing materials, the attic is palatable throughout the day which means that both of the home owner’s heating bills and A/C bills are significantly reduced. The savings are significant and this is a huge selling point if recognized and properly presented by a realtor.
Yes, it improves the cosmetics of the home. It will also be a key selling point for the new potential owners.