Should You Replace Your Roof Before Selling Your Home?
Spring is a great time to finally get to all of those home improvement projects you've been putting off. But this is also a season when many Americans start thinking about moving to a new home altogether. And if you plan on listing your home this spring or summer, you'll certainly need to tackle certain repairs before you sell in order to get top dollar for your property.
But while some of those repairs are completely necessary, others might not be so clear-cut. While repairs or replacement might allow your home to sell for a higher price, it's possible that what you make from the sale might not completely justify what you've put into the home. In other words, your return on investment (ROI) might not be worth it.
If you've lived in your home for well over a decade and haven't done any work on your roof during that time, you may not realize how your home's exterior has deteriorated. Although asphalt shingles can provide a home with decent protection for at least 12 to 15 years, it may very well be that your home will require professional roof repairs or even a new roof before too long. But should you call a roofing company before you list your home on the real estate market?
The Value of a New Roof
According Remodeling Magazine's 2020 Cost Vs. Value report, asphalt roofing replacement currently offers a 65.9% return on investment. While there are home improvement projects that offer a higher ROI (like garage door replacement, siding replacement, and minor kitchen remodels), this is actually a pretty impressive number.
That's not to say that you should contact a roofing company about replacement just for the heck of it. You may not need to replace your roof or may only require minor repairs. If your roof is in relatively good shape and there are several years of wear left, you probably don't need to prioritize roof replacement before listing your home on the real estate market.
However, roof restoration can be a real selling point. If your roof is approaching the 20-year mark and has visible signs of damage, failing to contact Paramount Roofing & Siding homeowners trust could be a detriment to your sale. Prospective buyers may be scared off if it's clear a home is in need of extensive roof repairs or replacement. And because this may not be something buyers find out until after they've obtained a professional inspection, this could cause a pending sale to fall through.
Moreover, if you're planning ahead for a future move but know you're realistically stay put for the next few years, it may benefit you to replace your roof now. That way, you can enjoy the quality roofing Madison Wisconsin contractors install while you prepare for what's on the horizon. If you can tell a would-be buyer that the roof was replaced or repaired only a few years ago, that will often provide them some peace of mind and eliminate barriers to a successful sale.
Ultimately, the choice to repair or replace before a home sale is a very personal one. It's often recommended that you secure your own home inspection and talk to your real estate agent before you decide. Since spring is also an ideal time to have your roof inspected, you might want to contact the professionals at Paramount Roofing and Siding