People looking to sell their home are often faced with the choice of selling their home as-is or investing money in fixing the place up in the hope that this will lead to a higher sale price. When considering selling, the expense of a new roof must be weighed against the increased value of the home, as well as many other factors.
Factors to Consider
The first thing sellers should consider is the return on investment. A seller ideally wants to get as much money back on the cost of a new roof when they sell the home. According to Remodeling Magazine , the return on investment is usually between 63 percent and 72 percent. Time is also a factor. In a hot real estate market, buyers will skip over homes that lack curb appeal. A new roof looks great and will attract people to take a deeper look at the home. A new roof will also help avoid the house sitting on the market for months while other more attractive properties sell. Plus, a buyer (or their lender) might insist on repairs being made before the sale or use it as a reason to knock down the asking price.
Not every roof needs to be completely replaced. In many cases, a roof repair will do the trick. It may not boost the curb appeal the same way a new roof does, but it will take care of any problems that a buyer would find during a home inspection, and it is a less expensive option for you. Roof repair can be a good middle ground when the roof is overall in good shape but some spots need fixing.
Before you sell your home, take the time to consider the benefits of replacing or even repairing your roof. To make an informed decision, call ANC Roofing Inc., your neighborhood roofing company in Winter Garden and Orlando. We can provide you with a free estimate for a new roof or repairs to your existing roof so you can know exactly what it will cost to get your place ready to go on the market. Visit our gallery to view some of our best work and contact us today.