A roof over your head is just one of your basic needs. It keeps the elements out and your home safe, warm, and dry. But what if there is another aspect to the roof on your home? Does the roof you choose affect the value and curb appeal when selling your home? The answer is yes. Here are a few things to consider before you put your home on the market to ensure that you get top dollar and sell quickly.
We see it so often. Homeowners will know their roof needs to be replaced but won’t do it prior to selling. Since a roof costs so much money, why make such a huge investment when the buyer can handle that themselves?
As this infographic shows, the perceived cost of replacing a roof is much higher than the actual cost for a buyer. But for a seller, the cost of not replacing the roof can be significantly more than the cost of replacing it. Refusing a $5000 replacement, for instance, could ultimately cost a seller $12,000 for the added time, money and effort to sell the home, including a reduced offer from a buyer.
Don’t underestimate the value of a nice, shiny roof when it comes to the curb appeal that will draw a potential buyer in to begin with. It starts with the photos on the listing and then as they pull up your driveway for the first time. This impression will influence how they see the entire home and picture themselves living in it. The better the quality of the materials that you use, the more attention your home listing will get. People like to see things like “updated” and “state of the art.”
Buying a home is often an emotional decision. As a seller, you need to let go of your own emotional attachment to the home and allow someone else to see the potential.
Also keep in mind how a home inspection will affect your ability to sell a home. Even if a buyer falls madly in love with your home, if there is damage to the roof area, it will be caught by an inspector, and the sale will fall through.
This is a true story. A home buyer was very interested in a 1500 square foot home that appeared in good shape by the naked eye. However, the home had been on the market for quite some time and the price reduced more than once, so the buyers were concerned about what the inspection may show. A qualified inspector took one look at the roofing and determined there was a serious problem. Fire damage in the rafters had simply been covered up rather than repaired. The buyers did not buy the home. The house was taken off the market, the price reduced again, and put back on the market still without addressing the issue. The home ultimately sat vacant for years.
While it’s not likely your roofing needs are that dire, avoiding the process can lead to issues with the inspection and ultimately the ability to help yourself sell your home.
Do you want more information on how a new roof can impact your home sale now or in the future? Contact the experts at Core Exteriors today.