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Should I Replace my Roof Before I Sell my House?

.If you replace your roof before you sell, it may be one of the best returns for your money. If you are wondering where to put your renovation dollars, here are some thoughts about new roofs. For example, replacing a roof translates to a higher resale value than an ensuite bathroom. 

Preparing your home for resale is always challenging, but purchasing a house is also a significant matter for most people.

If potential buyers like your house’s general look, they can likely imagine their version of future dream renovations. On the other hand, if they look up at your worn roof and see a large expanse of work on their already-busy plates, they may move on to another house.

 

It may be better to give a home buyer new core structures, a roof, a furnace, and new windows, all future money-saving improvements than offer your perception of their dream kitchen.

 

Not having to negotiate a loan or line of credit for a potential new roof is a definite asset for a buyer.

The truth is that people do not look forward to immediate renovations when buying a house.

If you choose to replace your home’s roof, the future cost savings from the newfound energy efficiency should be pointed out during the sale. If your house shows the promise of money saved for a buyer, they add it to the Advantages side of their checklist. 

 

What is the psychology behind a roof? Well, it’s perceived as a big thing translating to big money in a buyer’s eye.

By its physical nature, a roof is perceived as a big thing.

There is always a wish list of future wants in a buyer’s head, and that list has more to do with emotional niceties than the required replacements of a house’s basic structure. If a new roof is already in place, it allows the buyers to dream of their future wants without the guilt of feeling they must first replace the core components of the house.

The more your home allows potential buyers to get closer to the rewards of their dreams, the more they will be emotionally drawn to your home.

 

Houses with colourful roofs

 

 

 

 

 

 

 

 

If I’m going to replace my roof before I sell, what kind of roof should I add?

Neutral, neutral, neutral. If you are selling your home, consider this is not the time to think out of the box, design-wise. The roofing business is letting other aspects of a home shine. Giving it its best protection while displaying an understated attractiveness is a perfect selling stance.

Many people, for instance, have an aversion to a true brown roof. Try to appeal to the largest group of today’s design-savvy buyers. Resist your love of red roofs when deciding to sell your home.

 

Which types of defects must be disclosed to your potential buyers? Must you tell them about the leaky roof?

The Canadian Truth about Property Disclosure Statements discusses two different kinds of defects.

1) a Patent Defect is visually obvious, like a hole in the wall from a got-out-of-hand indoor hockey game.

2) a Latent Defect that is not visible but is a potential problem for buyers:

Latent Defects in a house for sale should be disclosed. A foundation concern, serious water in the basement, or a roof leak that has not been repaired are contenders.

Call Forest City Roofing at (519) 659 6937 for help if you are considering selling your home.

March 18, 2021

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