Replacing your roof is a big, expensive job. Pricing, on average, runs between $5,000 and $10,000. Is this really a project you should undertake right before you put your home on the market?
What Are Buyers Looking for?
While replacing your roof might not be the most exciting way to use your renovation budget, if you neglect this improvement, buyers may quickly pass by your listing without a second glance. On the other hand, if you’re able to advertise that your home has a brand new roof backed by a multi-decade warranty, you may end up with a bidding war.
For the most part, buyers are usually looking for a home with all the major work done, and that includes a roof.
What Condition Is Your Roof In?
How badly does your roof need to be replaced? It may not be necessary if your warranty and the materials have enough life left in them for repairs to make sense.
You also should think about this project as an investment. If you don’t have much cash on hand and still owe a significant amount on your mortgage, repairs may be more economical. On the other hand, if you own the home outright, a replacement might be worthwhile.
Get an Estimate
To help you make the decision, get in touch with a qualified roofing contractor and schedule an assessment. While you can see the general condition of your roof from ground level, you need a professional to climb on the roof and inspect the wear and tear up close.
Once you know how much your roof replacement will cost, you’ll be able to see how it fits into your short- and long-term budget.
When Should You Forego a Replacement?
Replacing your roof is usually a smart move, but in some cases, making repairs is a good idea too. If you sell your home as-is, you might not get the sale price you want, but if you make sure your home has a solid, new roof, you could end up with multiple offers and that could help drive up your profits. Assess the real estate market as well as your roof before you make a final decision.
Cost vs. Value Report
Remember, a replacement might be expensive, but you will recoup a vast majority of the cost. According to Remodeling magazine’s 2016 Cost vs. Value report, a mid-range roof replacement offered a 71.7 percent return on investment.
You can trust the Roof Doctor to offer meaningful, accurate advice when you’re considering replacing your roof — call today to make an appointment for a free estimate.