Repairing the roof on your home before selling may save you thousands of dollars.
When putting your house on the market with an outdated roof, roof replacement is essential to make your home sellable. However, your roof may have only minor damage. In that case, you can save money by repairing the roof and still get a good price for your home. If you’re not sure which is the best option for your situation, these tips from the expert roofing contractors at Muth & Company Roofing may help you decide.
First Things First When Deciding On Repairing The Roof
When beginning the process of selling your home, the first thing you should do is contact a local inspector. An inspector will give you a heads up on any repairs that may be needed. At this point, you can call in the local roofers at Muth & Company to get some estimates on how much repairs or replacement will cost. Storm damage to your roof that could be covered by your homeowner’s insurance are worth looking into.
Scope Out the Homes Around You
When it comes time to price your home, take a look around your neighborhood homes that are on the market. Look at those in a similar price range as yours, and take note of the condition of their roofs. When houses are going fast, it’s likely that you’ll receive several offers. Prospective buyers may be more willing to overlook a less-than-perfect roof. When the market is stagnant with houses selling slowly, a new roof will likely get you more (and higher) offers.
Is a Roof Replacement Worth the Investment?
According to 2020 projections from Remodeling, on average you’ll get a 65.9% return on your investment for a mid-range roof replacement. An attractive new roof will appeal to potential buyers. If you want to make enough off the sale of your home to pay off the mortgage and still have some profit, this may be your best option.
The local expert roofers at Muth & Company Roofing have the knowledge to help you make an informed decision, so contact us today at (614) 882-0900 to schedule your free consultation!