Before Putting Your Home on the Market, You Need to Consider What Needs Fixing
A Roof Repair Is One Fix That Increases Both Market Value and Curb Appeal
What Should You Consider Before Selling Your Home?
If you're planning on putting your home on the market, you may be considering some improvements to garner a higher price. While roof replacement is a considerable expense, a new roof will not only make your home look more appealing to prospective buyers but can also increase your overall market value.
Here are some considerations that you should keep in mind when deciding whether or not to fix or replace your roof.
Get a Home Inspection
First, hire a local home inspector to evaluate your home for possible issues. The inspector will check your foundation, electrical and plumbing systems, appliances and roof. If he or she finds any roofing problems, you’ll need to delve into the issue further.
Determine the Return On Investment
To help decide, figure out about how much of the roof expenses you’ll recoup when you sell your home. You can expect to get back about 72 percent of a midrange roof replacement and nearly 63 percent for an upscale replacement, according to Remodeling Magazine.
So, why make repairs if you won't get the entire cost of the investment back? Fixing your roof will help sell your home faster. A well-maintained home looks more appealing to prospective buyers and many like that the roof has been recently repaired or replaced.
If your roof’s at the end of its useful life, the best bet is to replace it before selling.
Selling Without Roof Repairs
If you can't afford roof repairs or don't want to put in the time and effort, you’ll need to sell without the fixes. Know that this will affect the sales price.
Sometimes selling a home at a low price compared to other neighborhood homes for sale works in your favor. In competitive markets, buyers might jump at the chance to score a home at a lower cost and may overlook minor roof problems.
However, keep in mind that major roof issues may cause problems with your buyer's lender. Many lenders require major repairs be made before closing. If this happens, you may have to make the repairs anyway.
The Information Above was Found On angieslist.com
Franciscus Incorporated Can Repair or Replace Your Roof!
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As the largest residential roofing contractor in the state of Ohio, we offer the best value in home exterior renovations. One of the many things we are proud of is the fact that we utilize the best labor force combined with the best product available, and our Northern Ohio Roofing customers love it!
We offer our customers in Northern Ohio - new roofing, re-roofs, tear-offs, new construction, insulation, windows, siding, gutters, leaf protection, roof repairs, ventilation, storm/hail insurance consultation, and ice dam removal and consultation. If you would like to get started today, give us a call at 1-800-STAY-DRY!