A damaged or unsightly roof is a serious problem when you are trying to sell your home. This is a huge red flag in the eyes of potential buyers, and it may cause them to ask for reductions or concessions because of the high cost of roof replacement.
If your roof has issues, and you know you will be planning to sell your home soon, it may be time to consider whether you want to invest in a new roof or simply try to repair the damage that is there. This article explains how to make an informed decision.
Preparing For a Home Sale: Do I Replace Or Repair My Roof?
Evaluate the True Extent of the Damage
If you are seeing visible damage to your roof, chances are high that there is additional damage that you can’t see. If you have a leak, there are probably many underlying problems contributing to this. Have a roofing professional check the roof, chimneys, pipe towers and flashing to determine if there are any problems that can’t be seen from the ground.
When evaluating the extent of the damage, consider the granular loss on the shingles. If the granular loss is minimal, repair may be the more cost-effective solution. If the shingles are in poor condition, then you need to consider replacement, because no amount of repair is going to solve your problem.
Consider the Expected Lifespan
Even though you’re considering selling and moving, you need to consider the expected lifespan of the roof. If you know you should get at least 10 more years out of your roof, then repair may be the wiser choice. The roof won’t be a deterrent to potential buyers if it has plenty of life in it. On the other hand, if the roof is nearing the end of its lifespan, your buyers will know, making this improvement project a high priority for any seller. In fact, that’s often one of the first questions a buyer will ask when seriously considering a home. Even if you have it repaired, it may still detract from the value of the home, because your buyer will know that a roof replacement is coming in the near future.
Is It Truly Repairable?
Before making your final decision, consider whether or not you can truly repair the roof. Some types of damage aren’t easily repaired, and if you do repair them, the repair can be quite obvious.
For example, if you lost some shingles during a windstorm, you would need to replace those with the exact same shingles, which may not be possible. Even if you have the shingles on hand, they won’t be weathered like the ones that have been on your roof for a few years, leaving you with a visible patch on the roof. This can be a drawback in the eyes of a buyer. In this case, you may wish to replace all of the shingles, or at least the shingles on one side of the roof, rather than just in one small area.
Consider the Return on Investment
Finally, make sure you consider the return on investment of a new roof. A new roof can increase your home’s value significantly. Buyers know that roofs are an investment, and knowing the roof has at least 20 years of good wear left in it will make your home seem more appealing. Yes, a new roof is a sizable investment, but roof replacement has a high return on investment, and if yours needs to be replaced and you don’t do the job, you will simply be “paying” for the roof with reduced value when you do sell.
Are you still uncertain about which choice is right? Talk to a trusted roofing professional for expert guidance. With the insight of a roofing pro, you can know the true state of your roof and whether replacement or repair is the most cost-effective solution as you prepare to sell your home.
Ryan Tollefsen is the founder and team leader of Unity Home Group.