There are many expenses a homeowner can anticipate, but perhaps the most dreaded is the replacement of your roof. If you’re not sure about the condition of your roof or you know it’s not in good shape, you may be wondering whether you should have it repaired or replaced before you sell your home. What makes the most financial sense?
Getting It Inspected
The first thing you may want to do is have your roof inspected. Choose a local roofing company with a good reputation, and give them a call. Get a professional inspection along with an estimate, then you can decide whether to move forward with the repair or to negotiate the selling price with the buyer with the understanding that a roof repair is in the home’s new future. Keep in mind that once the inspection is complete, you will need to disclose the results to a potential buyer.
Making the Decision
Once you’re aware of the condition of your roof, trying to decide whether to repair and sell or negotiate a lower price can be difficult. You will definitely sell your home faster if the roof is up to par. Buyers don’t have to be concerned about fixing a roof, and it can make them sign on the dotted line faster. However, you may choose to not repair the roof if you don’t have the funds available currently to do so or if you’re looking to sell as quickly as you can without having to repair the roof. Look at the current market and nearby sales activity to help with your decision. If the market is hot enough that you’re going to end up with multiple offers, it’s very possible to wait it out. If homes just aren’t selling in your area, though, the roof is going to detract from your home, and it may make it tougher to sell.
If you’re unsure as to whether you should repair the roof or not, give us a call before we help you list your home. We’ll discuss your roof and any other potential problems.