As a buyer, the first thing that is noticed is the home’s exterior — the roof is a crucial part of the first impression. Often, the way the home’s exterior looks is the deciding factor if the buyer wants to pursue looking through the inside of the home. Most buyers may not be deterred from purchasing a home if it has just a few broken shingles, but if the entire roof appears to be in poor condition, as the homeowner, you may want to tend to that before your home goes into the listing.
When you need roof replacement, Indianapolis, make sure to contact a contractor with expertise, knowledge, and unparalleled experience.
A new roof can be quite pricey, but ultimately worth it, considering the current condition of your roof that could negatively impact the sale:
Longer Sale Process: It may take longer for your home to sell as buyers may want to negotiate the sale price. Before closing, they may also request a roof repair or an entire replacement.
Fewer Offers: If your home requires a lot of maintenance, it will not be attractive to move-in ready buyers. This may result in less interest in your property.
Reduced Offer Price: As they anticipate they will have to pay for the replacement of the roof in the near future, due to its current state, buyers may not be willing to pay as much for your home.
Roof Repair and Replacement Options
Depending on your budget and the current condition of your roof, there are varying degrees and roof repair that is best suited for your home:
- Partial Re-Roofing: Only a certain section of your home’s roof needs repair? A partial re-roof is doable. A partial re-roofing is only applicable a few times before it is likely that the roof will begin to slope. If the home already has multiple layers of roofing, you will have to obtain a whole new roof, which will be more expensive as the old roof needs repairing first.
- Shingle Replacement: Replacing individual shingles can be relatively inexpensive, but it is necessary if they are damaged.
- New Roof: Based on climate, age, and wear, Your home might be due for a full roof replacement.
Tear-Off: Tear-off roof replacement requires the old roof to be completely removed and replaced with a brand new one.
Roof-Over: As a less expensive option, the process requires putting a new roof on top of the existing one. Cosmetically, it will look the same, and you will be able to market to buyers as it being a new roof.
How Much Does A New Roof Increase Home Value?
You may not see a 100% return on investment — very few improvements offer a full recoup of money spent, but a new roof increases the home’s value. It is more likely to get the full asking price for a new roof, even if you don’t see a huge financial return.
Will Replacing My Roof Before Selling Affect My Sale?
If you have an inkling that your roof may be a detrimental factor during your home sale, then you may want to replace it before listing. As a roof replacement is expensive, be sure that it is necessary before making that decision.