When you get ready to sell your home, you will have to contact a certified home inspector to assess the condition of your house to determine its resale value. The condition of your roof could make or break the sale. In fact, if your roof is in poor condition - the inspector may require you to repair the roof or make some upgrades before you seal the deal with a buyer.
The Construction Group can help you get your roof in top condition before you put the for-sale sign by the curb. We offer comprehensive roofing inspections. Call us today to schedule an assessment.
Will a New Roof Boost Your Home’s Value?
Some factors determine if a new roof will boost your home’s value. For instance:
The Condition of the Roof
If your roof is in desperate need of repairs such as leaks, structural repairs, or upgrades that bring it up to code, a new roof could significantly improve your home’s value. Many real estate experts use the $15k rule: A new roof will add $15,000 to the value of your home. Again, this is contingent on the condition of your current roof.
What the Appraiser Says
Unfortunately, many home sellers are at the mercy of an appraiser who is usually commissioned by the mortgage company. A property's appraisal value is influenced by recent sales of similar properties and by current market trends.
The appraiser must also do a complete visual inspection of the interior and exterior and note any conditions that adversely affect the property's value, such as needed roof repairs. If your roof is in poor condition, it could raise a red flag. The appraiser may not determine your home’s value or allow the sale to proceed until you fix the roof.
On a side note, if the appraiser has to order a roof repair, it could affect how they evaluate the value of your home.
The Resale Value
In the eyes of a real estate agent, there could be a substantial margin between a home’s appraisal value and a home’s resale value. Whereas an appraiser may only be interested in the facts, a real estate agent may see the possibilities.
Let’s say you purchase a new roof for your home. An appraiser may tell you that it will only raise the value of your home by a small increment. A real estate agent, however, may tell you that a new roof is a marketable asset a lot of homeowners will find attractive - especially if the roof improves how your home looks from the curb.
The Type of Roof You Install
Granted, many homeowners will not invest too much in a roof repair. Fewer may see the need in replacing the entire roof. If you decide to scrap your roof and start all over again, you may want to consider your choices.
Most homeowners go with asphalt shingles, metal roofing, tile, or cedar roofing. While each type of material has its own qualities and price range, you’ll need to decide if the investment is worth putting into your home to boost its resale value. Asphalt shingles may not improve the value much. A metal roof, however, could be very appealing to home buyers and raise your resale value significantly.
Dependable Roof Inspection and Replacement
Before you decide to sell your home, you may want to contact The Construction Group. We can send a contractor out to your home to give you an honest assessment. We can also make recommendations on how to optimize your home’s resale value.
To schedule a roof inspection, repair, or replacement, call us today at 651-731-5857, or you can message us on our contact page.