If you’re thinking of putting your home on the market, you’ve probably looked around the house and found things that need to be fixed. Some projects simply have a better ROI than others. While bathroom remodels, new landscaping, or a fresh coat of paint can change a prospective buyer’s entire impression of the property, some upgrades may go completely unnoticed. But one thing they’ll definitely take note of is a leaking or dilapidated roof. Your residential roofing contractors can advise you as to whether you might need roof replacement soon, while your realtor can help you to determine whether making that investment will pay off in the end. But before you make a final decision on roof replacement, you should do the following three things.
- Get an inspection
A home inspection can identify whether your house has unseen issues or find out the full extend of issues you already know exist. The inspector will look at your home’s foundation, electricity, plumbing, and roof. If the inspector does find any roofing issues, you may end up needing to call your local roofing contractors if you decide to replace it prior to selling.
- Obtain several estimates
Next, you’ll want to secure a few different estimates from a few different roofing contractors. The cost of replacing a roof can vary: you might pay $5,000 or $30,000, depending on the size and materials you choose. You should not go with a contractor that gives you an estimate that sounds too good to be true, but you also don’t want to spend too much on a home you don’t plan to stay in. A middle-of-the-road cost is usually a safe bet. Just make sure to do your research on your roofing contractors first.
- Consider the ROI
Consider the cost of repairing or replacing the roof and weigh that against how much you can potentially recoup when you sell. In some cases, it may be well worth it to spend the money on the roof so you can get a better overall sales price. For others, it may be more beneficial to simply lower the sales price of the home and leave it as it is. If you do decide to replace your roof, you’ll need to weigh the benefits of choosing one material over another. Asphalt shingles may be cheaper, but the lifespan of a roof installed with those materials won’t be as long as a metal roof. Plus, metal roofing can reduce cooling energy costs by 40% in the summer, which could be an asset for eco-friendly home buyers.
If you’re planning on selling your home in the near future, be sure to consult with a home inspector, roofing contractor, and a real estate agent to determine the potential costs and returns of repairing or replacing your roof. In general though, you should never wait too long to pursue roof maintenance. Otherwise, you risk paying more than necessary or sacrificing the energy efficiency of your home.