The average homeowner who is planning to sell their home is probably asking themselves, “Should I repair my roof shingles?” It is a reasonable question because every situation is different. You need to determine if replacing a few shingles can be a reasonable factor into a home sale. What about moss? Do buyers really care if the price is right? If the roof is over twenty years in age, can there be a lot of unseen repairs? Will the lender make the seller repair the roof, or can you sell the house as is? There are plenty of challenging questions that need to be resolved. Hopefully, we can offer some information that will help you through the decision making process.
Regular roof repair pays off
Many homeowners find that their rooftop has been in serious disrepair for several years, but it always ranked very low on the list of home improvement projects. If we are completely honest, repairing your roof is never going to be one of the most fun ways to spend your money. Roof repair and maintenance easily becomes one a major negotiating point in a home sale. If sellers do not fix their roof and it needs it, buyers will expect to pay much less. Realistically, there are only a few renovation projects that can earn every dollar back when the home sells. However, you can be sure that prospective buyers will require deep discounts when it comes to roof repair and replacement.
Why spend money on repairs?
There is a scenario in which you might choose to spend money on your roof in order to sell your home faster. It is a proven fact that well maintained homes more commonly sell faster because they have better curb appeal when buyers tour them. Prospective buyers love it when they have no concerns about the upkeep and condition of the home, regardless of its age. If the life span of your roof ever comes into question when you sell, pay for a roofing company to perform a maintenance inspection and then certify the roof for an additional number of years.
What might motivate me to sell as-is?
When you simply cannot afford the repairs, or if you do not have the extra time because of a job transfer or urgency to sell; you might choose to sell your home as-is. Be sure that you understand that it will very likely impact the final sales price. The best thing to do in this case is to gain as much insight into the market price of your home compared to recent and nearby comparable homes that have been sold. Selling as-is and pricing your home to compensate might be a solid tactic that will attract multiple buyers, and a possible bidding war. So, if you price your home at the mid-to-lower range compared to other nearby homes for sale, you may not have to worry about repairs at all.
Should you decide to sell as-is, make sure that the condition of your roof will not block a successful close from traditional lenders. Minor maintenance will rarely factor in, but when a roof is nearing the end of its life span or needs significant repairs, lender will commonly make the roof replacement a condition of approval for the loan.
A reliable local roofing company in Charlotte, NC
If you are considering selling your home and you have questions about the condition of your roof, it is important to call on the best contractors available for your repairs and inspections. Advanced Roofing and Exteriors is a local family owned roofing company. They are licensed, insured and have been serving the residents of Charlotte and the surrounding areas for many years. Advanced Roofing and Exteriors specializes in residential roofing and installation, repair, and inspections. They also offer services for numerous exterior home improvement projects. Call them today and tell them, “I want to repair my roof shingles.”