When you need to relocate for a new job or simply have outgrown your current home, you may be wondering what upgrades you need to make to get top dollar when you list your home. Is upgrading your roof worth it? What happens when you don’t fix this part of your home before a sale? Here is the basic run down of how your roof’s condition can affect your home’s sale.
Tl;Dr: It can make or break your bottom line in traditional sales.
If your roof is in need of repairs or is at the end of its life, selling your home without replacing it is like rolling the dice. You may get lucky with an investor who is willing to compromise, but this still will involve you settling for a lower price. Overall, if you want to get top dollar for your sale, you need a good roof. If you try to sell a home with a bad or old roof, the buyer will most likely make an offer and ask you for a credit so they can get the roof fixed — on your dime. Therefore, to proceed with the standard homebuying process, it’s time to invest in your roof.
Why? Blame Home Inspections and Insurance.
In traditional home sales, you can get the highest asking price. However, to achieve this, your home must pass a home inspection. Since lenders require that homes meet certain safety and habitability requirements and purchase home insurance, a bad roof can cause the home to be disqualified from insurance coverage. There’s no getting around it — a bad roof can get you out of the game quickly unless you’re willing to pay up.
Is there any loophole to this?
Technically, you can get a cash buyer who doesn’t need to qualify for a loan and can avoid many fees by offering the lump sum for your home. If you can’t afford to fix your roof and need to move on quickly to the next thing, breaking free from your home with some profit can work to your advantage. However, cash buyers do have the upper hand in this transaction. Since these are mostly investors or corporations, they usually offer a lower price that leave you with less profit compared to a traditional sale.
The decision is yours.
When it comes to fixing your roof and selling the traditional way or going through an investor/cash buyer, there are advantages and drawbacks to each situation. However, it’s always better to have a house with a better roof because you have more leverage over how much your house can get in terms of its full market value. When you have more options, you always win as the seller. In this seller’s market, make the most of your home by being open to all types of offers — cash or traditional methods!
Professional Roofing Contractors in Centreville VA and Nearby Areas
Noble Roofing is an industry leader the in roof replacement and new roofing installation business. Our commitment to continuous learning and expertise sets us apart from the rest. Our workers use every single job as an opportunity to bring their knowledge and expertise to the table, brandishing skills that few others in the industry can deliver.
We’ve been the top choice with NoVa property owners since 1994; we’re known for our customer-driven services and our use of the most updated technologies in roofing replacement and repair. Millions of homeowners each year put their trust in us because of our reputation to use only the best materials to craft unique roofing solutions suited to your individual needs and preferences.
Trust Your Roof Replacement to Noble Roofing
Whether you’re looking for better form or function, or simply feel that a new roof is in order, trust Noble Roofing, the preferred choice for roof replacement in Centreville VA and surrounding cities. Give us a call at (703) 404-0505 to speak with our roofing experts. You can also request a free estimate through our online request form today.
Recently experience a bad Storm Damage? Sometimes a Roof Repair is all you need!