Whether you should replace your roof before selling your home depends on several factors such as the condition of your roof, your ROI for a replacement, and how sellable your home is without an upgrade. Before you repair your roof, you should consult a roofing company in Florida.
A certified roofing contractor can perform a comprehensive roof inspection to determine if you need to replace your roof before you put it on the market. Let’s take a closer look at what you should consider before you contact your real estate agent to sell your home. If you have any further questions, feel free to contact Quality Roofing today.
What Type of ROI Can You Expect?
When it comes to listing your home on the market, the most important issue on the table is what return on investment (ROI) you can expect if you replace your roof. If a roof upgrade increases your profit, then it is worth it. If it doesn’t necessarily increase your profit but, helps the home sell faster, it may be worth considering, depending upon your situation and the market conditions. However, if you are looking at taking a significant loss, you may want to consider keeping the roof as is, even if your home stays on the market a bit longer.
When analyzing ROI on a roof replacement, keep these four points in mind:
- Structural Integrity
Will a new roof improve the structural integrity of the home? If so, then this can be a major selling point with home buyers.
Homebuyers look for structures that are well-insulated and provide an energy-efficient environment. A new roof provides insulation value and can help homeowners save up to 50% on their energy costs. This attractive feature may give your property value a boost when pricing your home.
- Life Expectancy
A brand-new asphalt shingle roof can last up to 30 years. A new metal roof can last 50 years, and a tile roof can outlast a house. Therefore, you are more likely to get offers when you put your home up for sale if you have a new roof. Buyers are more likely to purchase a home if they do not have to replace the roof for at least a decade.
- Replacement Costs
Advanced roofing systems can cost you quite a bit of money, eating into your profits when selling your house. As such, you may have to adjust your sales price to reflect the roof replacement. However, you also have to stay in the real estate market in your area. Your roofing contractor in Florida can help you establish a workable budget when replacing your roof. They can also help you find the right materials and show you ways to save money on roof replacement.
Will Your Roof Pass a Home Inspection?
It is not uncommon to find homeowners who are shocked when the inspector tells them they have to repair the roof before selling their house. One of the reasons that people are surprised is that roof problems often occur beneath the surface. Even the most evident problems go unnoticed simply due to neglect.
What are typical roofing problems that will not pass inspection?
- Broken shingles that allow water to leak inside the home
- Lose nails that allow deck movement and puncture holes in shingles
- Flashing that allows water to flow under the shingles
- Debris on roof that inhibits water flow
- Damage to roof surface caused by contact with overhanging trees
The only way that your home will pass inspection is if the buyer agrees to take responsibility for the roof repair and all associated problems or costs. The agreement would be included in the sales contract on the closing day.
Evaluating the Real Estate Market
The most common perception that sellers have is that a roof replacement in Florida will help you sell your home faster. However, you need to account for the real estate market in Florida in any given period. Putting a new roof on the house does not guarantee a sale or that you will recoup your costs.
However, a new roof scores high with most investment experts when comparing top home remodeling projects for home resale. For instance, a new roof can boost your home’s value by $12,000 to $15,000. It gives your property more selling power in the market. Furthermore, the average ROI on a replacement roof is nearly 70 percent. This places roof replacement in league with bathroom remodeling, garage door replacement, or window replacement.
Plus, there are other benefits to a roof replacement that you can take advantage of regardless of the market, including:
- A roof replacement improves your home’s curb appeal.
- New roofs have extended warranties – an excellent selling point with buyers.
- A new roof will help you avoid inspection issues, ensuring a hassle-free sale.
- You may get rebates or tax benefits if the roof meets or exceeds ENERGY STAR standards.
Get a Free Roof Estimate from Quality Roofing
Quality Roofing offers premier roofing services for homeowners in Florida. To find out more about our roofing replacement solutions, call us at (850) 204-0443 or fill out the quick form on our contact page.