Replacing your roofing before selling a house is almost never a good idea. There are many home improvements you can make that will boost your home’s value. However, only some of them are reasonable investments before selling the property. That’s because big projects are too expensive and take too long to pay off.
However, there are situations where a roof replacement is not only a smart choice but a necessary one. Therefore, by doing this before you put your property on the market can give you an advantage.
The difference between these situations lies in the current state of your roof.
Simply put, you first need to understand just how necessary the replacement is at this moment. From there on it should be easy.
If your roofing holds quite well and doesn’t pose any immediate concerns, you shouldn’t replace it. You might not even bother with minor repairs if you need to sell the house faster and you are willing to take a little bit less money for it.
On the other hand, if the roof is leaking, repairs are a must. You should get calculations and assessment of your house’s value with and without a new roof to decide whether this investment is worth it.
However, making necessary repairs is unavoidable because many lenders won’t give the buyer a loan if the house has some structural issues. And the financial burden of making those necessary repairs falls to the seller.
And the last factor to consider, your neighborhood’s housing market. Is it very active? How fast do you need to sell your home? If you live in a popular area and need to get money for the house fast, you should sell it “as-is”. This way, you’ll have to take a smaller sum for the property. But it will be in your pocket much faster.
However, if you aren’t in a rush, you can do all the calculations to understand whether adding a new roof will be worth the money spent.