Deciding whether to replace your roof prior to putting your home on the real estate market comes down to a couple of questions:
- Whether the roof will prevent the sale of the home.
- Whether you’re willing to lower the price of the home to compensate a buyer for the replacement of roofing in Nashville
When to Sell As-Is
If you are uncertain whether your existing roof will cause a hang-up for buyers, have a professional Hendersonville roofer do a thorough inspection and estimate for repairs. A dependable estimate will help you determine if you can afford repairs. If repairs are not needed, a professional opinion may calm buyers’ fears about your roof’s condition.
If you simply can’t afford to pay for needed repairs or you do not want to delay listing your home for sale, be aware that this could result in offers being lower than expected since sellers will want to pay less due to a roof that needs to be fixed. Enlist the help of an experienced local real estate agent to help you price the home to attract buyers. If you’re lucky, selling as-is and pricing competitively to compensate will start a bidding war that ends in your favor.
How to know when to Repair Your Roof
A roof that has reached the end of its life and is in need of thousands of dollars in repairs can have a huge impact on a buyer’s perception of your home. Homes that are well maintenanced tend to sell faster because they show better, and no new homebuyer wants to be faced with immediate expenses – especially a big one. If you are facing a competitive housing market, as the current one in Nashville, repairs could mean the difference between making a quick sale and watching your home sit on the market for months.
If a buyer is utilizing a lender to purchase the home, roof repair is commonly a condition of loan approval. In this case, the cost of the repair will typically be your responsibility and necessary to close.
Get a Professional Opinion
Roofing by Design, Inc. is here to give you the information you need to make an educated decision about whether to repair or replace your roof prior to sale. Call us today at (615) 452-0161 for a FREE estimate!
