You may have overlooked the condition of your roof for many years. When the time comes to sell your home, you must be ready to invest in the required repairs or even a replacement if need be. Home buyers will consider the exterior of the home just as much as the interior when making a decision on which property to settle for. They expect a reliable roofing system that has been well maintained over the years. If your roofing system is not in good condition, it may be time to consider re-roofing before putting that property on sale.
Common signs of a dilapidated roofing system
The most visible signs of a damaged roof include:
Soggy spots on the ceiling
Buckled or missing shingles
Dirty and clogged soffits
Presence of mold at the section where the roof and exterior wall meet
Issues on the roof vent
Presence of mold on the exterior wall
Before you make the decision to replace your roofing, it’s important to hire professional roofers who will perform an inspection and advice on whether a full replacement is necessary. Some common roofing problems can be fully addressed with good repairs. However, if you have an old roof with a myriad of issues, chances are that you’ll have to replace it.
What to do after a home inspection
If an inspection of your home is done and one of the issues that come up is the condition of your roof, you’ll be forced to reduce your asking price or invest in repairs that will increase the value of your home. An option that many home sellers consider is to reduce the asking price and offer the buyer a repair credit for the roof. Other sellers promise to make the repairs before the closing date.
Investing in a new roof before you list is sometimes beneficial because it becomes one of the top selling points for that property. Reroofing is one of those home improvements that’s known to have a 105% ROI. Furthermore, most buyers don’t want to receive credit after buying property. Homes that have a nice looking roof that’s in good condition are always a hit in the market. You even stand a chance of getting away with a higher asking price by investing in a roof replacement before listing the property.
Should you consider re-roofing or repairs?
If your roofing is more than 25 years old, you may want to have it replaced. Additionally, if the roof appears damaged from the exterior with recognizable signs like missing shingles, cracks on the structure, and algae growth, it needs to be replaced. You can work with your roofer and real estate agent to determine what needs to be fixed before listing the home. Don’t let your home be a deal-breaker for a good buyer because of its old roofing. In fact, many buyers who’ve taken a loan aren’t allowed by the lending company to settle for homes with damaged roofing.