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Roof Repair Before Selling?

Price Roofing • Mar 31, 2020

Should I Repair my Roof Before Putting my House on the Market?

Man scrapping shingles off of a roof

What if there’s a massive hole in your home’s roof or small leak that is causing some water damage and mold? You need to get it repaired - that’s an absolute no-brainer. However, a homeowner who’s looking to list his house up for sale may not see it that way. What matters to them is whether the replacement is worth doing and whether it will have any positive effect on the price. They are unsure of whether buyers care at all about such problems and wind up doing nothing.

While the decision varies from case to case, here are some factors you need to consider if you still haven’t made up your mind about roofing repairs Naples FL.

Why You Should Get It Done?

Fixing a damaged rooftop is a costly affair that homeowners aren’t likely to be excited about. Since major rooftop repairs can easily cost your thousands, a damaged rooftop will work against you if you’re planning to sell it soon. 

A savvy seller knows that not fixing the rooftop can result in buyers bargaining for a lower price. However, there aren’t many renovations that will turn the tide in your favor when it’s time to sell. A recent report from Remodeling Magazine stated that the average ROI for full-scale rooftop replacements hovered around 53.4% whereas minor repairs fared better at 61.7%.

What Should You Consider?

The best thing to do is to understand your position by evaluating the overall condition of your house, sales in your neighborhood, and the general market. Just like all major home systems (appliances, plumbing, electrical, etc.), it is important to be aware of all faults in your house before you list it up for sale. 

Ask a local service provider to evaluate your house before you list it up for sale, which can help you find out issues that may be relevant for lenders and potential buyers. If there are major issues with your rooftop – whether minor or major – you have to evaluate other factors as well.

What the Extent of the Damage?

In case the inspection reveals problems with your roof, ask an expert to evaluate it and come up with the estimated expenses for repairing it. The costs may vary from provider to provider, which is why you should consult 2-3 roofing experts before making a decision. By learning more about the costs, you’ll be able to figure out your next step and determine the amount you should mark your sales price down by. You can also use this expense while negotiating with the buyer over the final sales price.
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Should I Spend Money to Repair My Roof?

A rooftop repair is highly important if you want to sell the house faster. A well-maintained house has a greater likelihood of being sold faster because people are more pleased with them when they visit the house in person. If buyers question you about the status and quality of your home’s roof, you can pay a roofing expert to conduct a maintenance checkup and certify it for another 3-5 years. This certification will help erase any doubts in the buyer’s mind regarding the quality of the roof.

When is it Better to Not Repair it at All?

If you’re unable to afford the expenses or don’t have the time to handle the roofing repairs Naples FL, you can sell it as-is. However, keep in mind that doing so will bring down the sale price. The only way to counter this disadvantage is if it’s a seller’s market. Analyze current market conditions and house sales in your neighborhood. Buyers may be prepared to overlook roof maintenance issues if it’s a seller market. You’ll be able to sell without taking a hit.

Additionally, pricing the house lower to sell it in an as-is condition can work out favorably since you’ll be able to attract more buyers to your house. In case it escalates into a bidding war, potential buyers may carry out inspections before issuing an offer. They may also waive their inspection rights altogether, which ensures that the buyer won’t renegotiate later on. By pricing the house lower than other houses in the neighborhood, you’ll be able to eliminate the worry about repairs.

Does Selling it As-Is Affect Loan Approval Chances?

If you decide to sell the house without making the repairs, ensure your buyer’s chances of obtaining a home loan is not affected due to this. While minor maintenance issues are not typically considered, a roof that requires major repairs could throttle the buyer’s loan application. The lender is likely to mandate the completion of repairs as a prerequisite for approval. In such cases, the seller is responsible for the repairs, which have to be completed before the deal is closed. While a motivated buyer may meet you halfway on the expenses, don’t rely on it.

Conclusion

In case your home’s roof is nearing its end or requires significant repairs, you need to replace the roof before the sale is completed. An experienced roofing repairs Naples FL expert can help you make the right decision after a thorough evaluation of your roof.  

If you don’t want to repair it, be prepared to take a hit to the sales price. It all depends on how urgently you need to sell the house and the prevailing market conditions, repair expenses, and comparable sales in the neighborhood.

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Unfortunately, as Shakespeare so rightly put it, “If to do were easy as to know what where good to do,” the world would be a very different place. Sure, you know how important it is to clean and perform regular maintenance work on your roof but that doesn’t make the task any more appealing. The best roofers in Naples, FL allow you to have these jobs done and done well without your having to do them yourself. They can clean out your gutters, keeping them fresh and debris- and odor-free. In addition, they can give your whole roof a once-over, cleaning it from end to end. Not only is this vital from an aesthetic standpoint but it is also critical for ensuring that your roof remains free of the kind of grout or mold buildups that can build up over time and cause problems for your roof’s tiling and structural integrity. Installing Insulation One of the most important aspects of any roof is the insulation that helps keep it dry and free of leaks. That said, even the best roofing insulation can break down over time. That’s why you’ll want to turn to roofing experts in Naples for all your roof insulation needs. They will inspect your roof, ascertain the weak points in your insulation, and repair or replace them in short order. Installing a New Roof Having a new roof installed can be a great way of adding value to your property and ensuring the security of your home for years to come. When you choose to get a new roof with Naples’s best roofing team, you’ll be able to work with a team of roofers and consultants. They will show you the latest shingles and roofing styles on the market, empowering you to make the best choice for your property’s short- and long-term prosperity. Once you’ve made your choice, it’s time to get your new roof installed. Of course, for as important as having a solid roof over your head may be, you hardly want it to come at the cost of incessant hammering and sawing for weeks on end. What’s more, you certainly don’t want to have to delay construction because you’re not at home or have it keeping you and the neighbors awake early or late in the day. That’s why the best roofing experts in Naples not only offer the quickest turnaround times of any team in the area but likewise accommodate flexible booking, allowing you to have your roof installed your way and around your busy schedule. Commercial Roofing If you own a business, your roof requires special attention, though you likely don’t have the time to spare to see to it yourself. That’s why the best roofers in the Naples area are able to perform installations, repairs, and general maintenance for all your commercial roofing needs. What’s more, they understand that time is money and so will work around your company’s schedule to get the job done while remaining as quick and unobtrusive as possible. Affordable Rates No one should ever feel as though he or she can’t afford a safe, attractive roof. That’s why the best roofers Naples, FL has can boast affordable rates for all services for commercial as well as domestic services. Experience on Your Side When it comes to something as important as getting your roofing needs addressed, you always want to make sure that you’re working with a roofing contractor that you can trust. That’s why the top roofing experts for maintenance, installations, and repairs for commercial as well as domestic clients area are proud to be able to point to decades of dedicated service and satisfied clients. So who should you hire for your roofing needs? A team that can address them all the right way with the best comprehensive roofing services in the Naples area.

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