When you’re selling your home, you want to bring in top dollar. There are several areas that can be improved in your house to increase the price of your house sale. Exterior repairs, upgrades to appliances, and interior finishes and fixes can all help encourage buyers to meet or surpass your asking price. Large repairs or replacements that are subjected to personal style and taste, like flooring and painting, are best left to the buyer. What about parts of the house like roofing that will be noted in the buyer’s inspection report? Here’s our advice on whether to replace your roof before you sell your house.
Buyer Concerns
Whether you list as a for-sale-by-owner or with a real estate agent, you always want to put your best foot forward. Specifications of your property that will need to be included are the material and the age of the roof. The care of the roof and roof age are usually the two biggest factors that are indicative of how soon the roof may need to be repaired or replaced. The large expense, extra work preventing the house from being move-in ready, and the need to find and hire a contractor could all deter potential buyers. By replacing the roof before the house is even listed, the benefits of a new roof could be promoted instead.
Once the offer for the property is accepted by the seller, the inspection process begins. The buyer will hire an independent house inspection company to determine any repairs that would be needed. If any repairs are needed for the roof that were not initially disclosed during the selling process, this may cause your buyer to cancel the sale.
Warranty Information
If you perform a repair on your house in any area, we recommend finding out from the company performing the work if the warranty is transferable to a new owner. Most companies allow this, but you will want to make sure it’s in your service agreement before committing. You should also make sure your contractor is licensed and insured so your homeowner’s insurance is not compromised if any issues arise.
Cost Allowance versus Replacement Price
When you’re considering a repair or replacement in your house, make sure the contractor provides a written quote. Even if you don’t have the work performed and decide to give an allowance to the buyer for the work that needs to be done, you can use the information to determine a fair value for the cost allowance. You may find that the buyer asks for a higher allowance than the actual cost may be for the work.
Lake Orion Roofing Will Increase Your Home’s Appeal
If you are planning on selling your home, we recommend a professional roof inspection to determine any issues that may arise during the inspection process that the potential buyer will have conducted. This inspection will give you information to offer those viewing your home as well as allow you to circumvent anything that will prevent the closing of the sale of your home.
At Lake Orion Roofing, we can help you with your roof replacement from start to finish to make sure you have the best materials and quality work for a competitive price. Whether you’ve started the home selling process or just need a free quote, contact us today to get started on your roof replacement.
