When the average person puts their home on the market, selling the house as quickly as possible is often their main priority. However, even if you want to sell quickly, it doesn't mean you should not take the time to make necessary repairs to your home, especially when it comes to the roof.
The average first-time buyer is a bit of an apprehensive buyer. They've done their homework, and they've been warned over and over about the hidden costs of homeownership. With that being said, the idea of purchasing a home that has severe roof damage seems too scary and raises red flags about the extra cost. As a result, you could miss out on an entire block of potential buyers. Remember, the smaller your pool of potential buyers, the longer it can take you to sell your home.
Depending on the level of damage to the roof, your home might not even make it through the approval process, as it will likely fail the inspection. During the inspection, the technician doesn't just inspect the condition of the roof but also inspects its lifespan. If the lifespan of the roof is maxed out or if it's very near to the end, the bank can deny the purchase. If you're not sure of the condition of your roof, at the very least, you should have a technician come out and inspect the roof.
There is one massive difference between a home with a failing roof and a home with a roof in good condition — value. The worse the shape of the roof, the less valuable the home will be because of the costs that come with repairing or replacing a roof. If your home is in otherwise good condition and the roof is the only area of damage, repairing the roof is a great way to increase the value of the property so that you can earn more from the sale.
A dangerous thing about roof problems is that damage is rarely just on the surface. For example, when a roof leaks, there is the potential for insulation damage, subflooring damage on the lower levels, and even drywall damage. Upon a roof inspection, you might discover that you have far more extensive damage than you might have anticipated. Rather than be in the process of moving out of your home only to find that you can't put it on the market yet, it's best to inspect the roof and have all the repairs performed before putting it on the market to avoid any last-minute shock.
Is your roof in need of repairs? Go ahead and make the necessary repairs now. Not only will the selling process be easier for you, but the value of your home will be much higher than selling your home as-is. Contact a local roofing company for help.