If you are considering putting your house on the market but have an outdated roof that is actively leaking, roof replacement is essential to prevent further damage and make your home sellable. However, your roof may have only minor damage, in which 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 may help you decide.
First Things First
When you are beginning the process of selling your home, the first thing you should do is contact a local inspector, who 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. If there’s damage to your roof that may have been due to storms or other causes that could be covered by your homeowner’s insurance, it might be worth looking into.
Scope Out the Homes Around You
When it comes time to price your home, take a look around your neighborhood at other 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. If houses are going fast and it’s likely that you’ll receive several offers, prospective buyers may be more willing to overlook a less-than-perfect roof. On the other hand, if the market is stagnant and houses are selling slowly, a new roof will likely get you more (and higher) offers.
Is a Roof Replacement Worth the Investment?
According to 2017 projections from Remodeling magazine, on average you’ll get a 68.8% return on your investment for a mid-range roof replacement. An attractive new roof will appeal to potential buyers, and if you want to make enough off the sale of your home to pay off the mortgage and still have some profit left over, this may be your best option.
The expert roofers at Muth & Company Roofing have the knowledge to help you make an informed decision, so contact us today at (614) 682-3060 to schedule your free consultation!