It’s springtime, which is the prime time to sell your home, or maybe you’re just thinking about it. While everything under the roof of your home might be ready to go, maybe your roof isn’t. If there’s been damage to the roof, or issues such as moss, or the roof is ending its useful life cycle, you could find it a lot harder to sell your home. A bad roof can have a negative impact on every part of the home-selling process, from reducing curb appeal, to affecting the house’s history, to preventing a buyer from getting a loan. It’s important to have your roof inspected to know if you should consider replacing your roof before you sell.
Assessing the Damage
First it’s important to access the damage. Many different factors can lead to a bad roof. These could be cosmetic, such as moss and algae on the roof, a few missing shingles, recent damage (perhaps the reason you’re selling the home), or the signs that a roof is at the end of its useful life. Depending on the severity of the roof’s condition, you may need to have it repaired or replaced before putting your home on the market. The best way to know the full extent of what your roof needs is to call a local roofer, many of them perform a free estimate of your roof.
Repairing or Replacing the Roof Before You Sell
Next, once the damage has been assessed, it’s time to act. If algae or moss hasn’t damaged the shingles yet, the installation of zinc strips can quickly eliminate the problem and prevent it from coming back. If you’ve got a few missing shingles or light damage, repairing is usually an option, although those signs might have larger root causes. If your roof is past the guarantee date from your last roof replacement, it’s probably time to replace it. Not sure about the age of your roof? Your roofer can help you check that too.
Roof Replacement Cost vs. Return on Investment
It’s expensive to replace your roof, but this is an expense you can pass onto the buyer. If you’ve got a roof that is worn out and past warranty, then they are buying the house plus the roof replacement, and that will force them to bargain with your price. If you install a new roof, this instead becomes a highlight of your home. You can also use the replacement as a time to replace gutters or consider skylight options. Replacing the roof not only makes your home more durable, but it can also add to the resale value of the home and help you sell it faster.
A new roof gives potential buyers one less thing to worry about after they purchase the house. They can feel at ease knowing that the house does not have any water damage or current leaking problems. Improving the roof can make your home a lot more marketable, giving you a bigger and better deal. Best of all, a GAF-certified roofer can provide a warranty that is transferable to the new owner.
If you have a great insurance provider and find a roofing contractor who is willing to work with your insurance company, you may even get this huge return on your investment at next to no cost. Of course, you have to check your insurance policy to see if this is possible, and make sure the roof damage has been caused by weather events that are covered by your insurance policy.
Selling Your Home “As-Is”
If you’re still thinking about selling your home “as-is,” you should consider two potential obstacles to the sale. The condition of your roof will be documented in any home inspection, so have the information and paperwork about the roof (such as previous installation and warranty) available. If you don’t have this information, it’s worth consulting with a roofer and obtaining the information from them. Also, if your roof is heavily damaged or in need of replacement, this can actually block lending to your buyer. Needed roof repairs can be a condition of loan approval, and generally falls on the seller to make before the loan will be approved.
If you’re selling your home and need to determine the condition of your roof, or need an estimate for repair or replacement, speak with a reputable roofing contractor who has the experience and reputation to help you make the right decision and properly document your roof’s condition for your buyer. Contact All Weather Tite for a free roof inspection.