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When you are ready to sell your home, you may consider making improvements that will help increase your home’s value. It is important to keep in mind that very few home renovations pay off. Major renovations often fail to earn more than half the return of investment in the final selling price of the home, though they can help sell your home. A roof replacement can improve the value and increase the curb appeal in your home sale, but depending on the situation, it may or may not be worth it or even feasible. Before deciding whether to replace, repair, or to sell as-is, it’s best to first determine what kind of repair your roof needs.
Roofs are made up of various elements, including the roof deck, shingles, gutters, flashing, sealants, ventilation, and sometimes chimneys and skylights. Any of these components can become faulty: shingles can deteriorate or fall off; holes can develop through the roof deck and underlayment, causing leaks and pest problems; sealants around vents or chimneys can crack and expose holes— and the list goes on. But not all roofing problems call for a full replacement. The following are common problems with roofing and the potential solution to fixing them:
If you have a few missing shingles, it’s possible to get a sectional replacement of those shingles.
Clogged gutters can be cleaned, but broken and bent up gutters likely need to be replaced.
Multiple holes in the roof deck or vast areas of deteriorated shingles often cause leaks and call for a full replacement.
Moss or mildew growth on your shingles can often be cleared up with a simple roof cleaning.
Unsealed areas could be recocked or refilled in a sectional repair, though numerous sealing problems might require a full roof replacement.
According to Home Advisor, the annual average for each type of roofing repair is as follows:
|Full Roof Replacement
If you are looking at a sectional repair, a cleaning, or even a gutter replacement, it’s most likely worth it to make the repair. If you are dealing with a bigger roofing issue and your full roof needs to be replaced, the home improvement investment is much higher and you may be less likely to make a return on your investment.
A new roof is a big investment. Because roofs are an essential and visible part of any house, a roof replacement can increase the resale value of your home while also improving curb appeal and attracting more buyers. With a roof in poor condition, a buyer may use this flaw as leverage to negotiate a lower sale price, so by replacing a shoddy roof with one in tip-top shape, you do yourself a favor by eliminating a point of negotiation, allowing for a more straightforward home sale process.
On the reverse side, even though a new roof has the advantage of removing negotiating point for the buyer, spending money on a roof replacement before a home sale does not always result in a 100% return on investment. As a seller, you can expect to lose about 50% of what you invest when replacing the roof. By that same token, most buyers are interested in purchasing a home in move-in condition, so a roof replacement will likely open the pool of interested buyers. Overall, the main advantage of replacing a roof is that you can likely sell your home faster by opening up the pool of interested buyers, and those buyers will have less complaints to leverage a negotiation, but be prepared to invest a significant chunk of money up front that isn’t guaranteed to result in a high return at the time of sale.
If the roof of your home is in poor condition and you’re considering selling it as-is, it’s important to know what to expect. As mentioned previously, buyers will expect to pay less for a house with a faulty roof, giving them something to leverage in the price negotiation process. On top of that, buyers will often negotiate the price not only for the cost of the roof repair, but also for added costs to make up for the inconvenience of having to repair the roof themselves. Getting a price estimate on the cost of the roof replacement will help you determine what offers are in the range of acceptability if you decide not to replace a faulty roof before selling your house.
There is currently a high demand for homes in Atlanta, so it may be quite possible to sell your house for a good price without repairing the roof and without having to lose money on a roof replacement that inevitably won’t result in a 100% return on investment. Usually, less buyers are interested in homes that are not in move-in condition, so selling a house with a roof in poor condition will likely be lengthy process.
You may also not have the time or money to make the roof replacement (or repair for that matter). Because roof replacements require a lot of upfront costs and time, and because they don’t provide a very high return on investment, replacing a roof for a home sale may not be worth the hassle. Selling a house as-is may be the, easiest, most straightforward way to sell your home that as a roof in poor condition.
As is the case with many home sellers, you may not be able to repair or replace the roof before selling your house, but you nonetheless need to make the sale sooner than later. If you are in this position, we have great news for you: Arbor View Properties buys houses fast, regardless of their condition. We will make you a fair offer, usually within 24 hours of viewing your property, as we are happy to buy most any home as is—shoddy roof, rusty pipes, broken fixtures and all.
To learn more about Arbor View Properties and our process for buying homes in as-is condition, visit our service page for Selling a House with Too Many Repairs, or contact us today at 770-810-5715.
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