If you’re selling your home, you want it to make a great first impression. That means great curb appeal. You’ll likely trim back hedges, weed the garden and maybe even paint your front door. But just how far should you go with exterior renovations? You may be wondering if it is a good idea to replace your roof when selling your home. Here are things to consider.
A Roof Replacement is a Big Investment
The cost of a roof replacement varies greatly depending on the size of the roof, the materials you choose and the slope of your roof. According to Remodeling’s 2020 Cost Vs. Value Report, it will cost about $21,254 for a roof replacement with the following parameters:
- Total tear off of your old roofing system
- 30 squares of architectural shingles with at least a 25-year warranty
- New underlayment either synthetic or felt rated at 30#
- Aluminum flashing including skylights and other roof protrusions
- Capped ridge vent treatment
For that investment, they found that you’d see a 94% return on that investment on average.
Right now, we’re in a seller’s market. Few homes are available for sale and a buyer may be more willing to buy a home they know likely needs a new roof in the near future. However, if you look around your neighborhood and other homes in your home’s price range nearby and the rest all have newer roofs, it may be worth shelling out the money up front so you can truly compete with those homes. Another consideration is if the home will appraise for the price your hoping to get for it with an old roof. And, if it does appraise for your asking price, will the home inspector find issues that will cause your buyer to back out? These are both realistic reasons to replace your roof before you sell. Lastly, if you need to sell your home quickly, a new roof will entice more buyers than one that needs replacing.
We Can Help
Cooley Roofing has decades of experience replacing roofs on homes throughout the greater Winston-Salem area. We can help you choose a roof that will compliment your home’s exterior and improve its curb appeal. Call us today for a free roof replacement quote at (336) 766-6488 or fill out our contact form.