When you’re thinking about selling your home, one key thing to consider is your roof. It is a very noticeable aspect of your property, and its condition can significantly impact how potential buyers perceive your home and its value. If your roof is looking a bit tired, re-roofing before putting your home on the market could be one of the smartest investments you make. But you may be wondering if it is even worth it - how much value does a new roof add?
Check out these pros and cons and see if re-roofing is a smart move before selling.
Curb Appeal
Curb appeal can make or break a home sale. The roof is one of the first things buyers notice when they pull up to your property, and a worn-out roof can overshadow attractive features of your home. On the other hand, a new roof, whether it’s a sleek metal roof, classic asphalt shingles, or another quality material, can instantly boost your home’s appeal to buyers. A fresh, well-maintained roof makes your home stand out, both in online listings and during in-person showings.
Home Value
While re-roofing your home is certainly an investment, it is one that can pay off when it comes time to sell. Homes with new roofs often have higher market values because buyers see them as a major asset. By upgrading your roof before listing your home, you’re not only enhancing its appeal but also boosting its value, which can justify a higher asking price. So exactly how much value does a new roof add to the asking price? This can fluctuate depending on the market you are selling in. Due to Oregon’s extended rainy periods, a quality roof has a higher return on investment. For the west coast in 2024, a roofing replacement with asphalt shingles had an average cost recoup of 80.3%. This means that you may not get 100% of your roof investment back when it comes time to sell. But your overall home value should reflect a new roof investment in asking price and other benefits.
Energy Efficiency
Today’s buyers are more energy-conscious than ever, and they’re looking for homes that help them save on energy costs. Re-roofing with energy-efficient materials can make your home more attractive by lowering utility bills and keeping the interior comfortable year-round for the new homeowners. Whether it’s through better insulation or reflective roofing materials, an energy-efficient roof is a great selling point that can set your home apart from others on the market.
Reduce Buyer Concerns
Let’s face it—a roof in poor condition is a major red flag for buyers. The thought of dealing with leaks, water damage, or expensive repairs can turn off potential buyers or lead them to lower their offers. By re-roofing, you’re removing these concerns and giving buyers confidence that your home is a solid investment. A new roof shows that the home has been well-cared for, which can reassure buyers and make your property more desirable.
Improve the Inspection Process
Home inspections are a critical part of the selling process, and the roof is one area inspectors focus on. A roof in bad shape can lead to negative inspection results, which might cause buyers to ask for repairs, negotiate the price down, or even back out of the deal. Re-roofing before listing your home can help ensure that your roof passes inspection with flying colors, preventing last-minute complications and helping the sale go through smoothly.
Offering Long-Term Peace of Mind
One of the benefits of installing a new roof before selling is the warranty that often comes with it. Many new roofing systems include extended warranties that can be transferred to the new owner, offering them peace of mind for years to come. For a shingle roof, this could be 20-30 years, and for a metal roof it could be 50 years! This is a great feature to highlight in your listing, as it reassures buyers that they’re making a smart investment.
Key Takeaways
Re-roofing your home before selling is a strategic decision. The value added to your home may be direct, as increasing home value when it comes time to sell. The other benefits include enhancing curb appeal, reducing buyer concerns, and making your home more marketable for a quicker sale. If you’re considering selling your home, don’t overlook the impact of a well-timed roof upgrade before it goes on the market. It could be the key to a faster sale at a better price, ensuring your home catches the eye of potential buyers and stands out in a competitive market.
