Whether you’re looking to remodel your home and improve its overall value, or you’re in the middle of a flip project and you’re wanting to maximize the return on your investment, you may have several questions regarding one of the most important features of every home: the roof overhead. Your roof plays an extremely important part in your day to day life: it protects you from the sun, shields you from the elements, and keeps your home sealed, safe, and comfortable. However, roofs will only last so long, and a damaged roof could mean damage to your home.
But when you’re looking for a quick way to increase your home’s value or flip a home and then sell it for a sizeable profit, the roof over your head can be an expensive roadblock and one which you may be tempted to ignore. After all, if a roof looks like it’s in good shape, why should you have to be worried about it? As it turns out, there are several good reasons, and one of the most important of which is how old a roof is and what condition it’s in.
Nobody Wants a Faulty Roof
If you’re looking to buy a new home, you’re likely looking for one of two scenarios: a move-in ready home, or a fixer-upper. A move-in ready home is one which is in good condition and free from any major defects or issues which may require serious repairs or replacement within the next several years. A fixer-upper may be one which needs a significant amount of work before it’s a viable place to live.
The overwhelming majority of homebuyers are looking for the first option: a move-in ready home. These are homes which are generally stress-free, and give homeowners the peace of mind of knowing they won’t have to do anything other than minor repairs or services for a while. After all, when you’ve just undertaken the massive expense of moving, the last thing you want to do is spend even more to fix a big issue like a blown water heater or a damaged roof.
Those who want the opposite know they’re getting into a project almost right away, but that also comes with advantages, notably a significant reduction in price. House flippers love these projects because they can often buy properties for cheap with little to no competition from other buyers, then conduct renovations and repairs which improve the property’s value and allow them to sell the home for a significant profit. However, flippers then have to turn around and sell the home again after the fact, and that means they’re going to need to appeal to the buyers who want a move-in ready home, and a faulty roof can be a massive sticking point for these buyers.
A New Roof Adds Appeal
When a potential buyer is looking at purchasing a new home, one of the first questions they’re going to ask of the seller will likely have to do with the roof. When was it last replaced? Have you needed any serious repairs? Have there been any recent signs of damage? If you don’t have these answers, they’ll almost always come out when your potential buyers have the home professionally inspected. And at that point an aging or damaged roof will almost always throw a significant wrench into the deal. You’ll either be forced to sell for lower to compensate for the cost of a roof replacement, or you may lose the deal entirely.
However, replacing your roof before listing your home for sale gives you a unique advantage: you’ll get to advertise that the roof is brand new. A brand-new roof is a like a bright light to a moth on a dark night—homebuyers who are interested will flock to your property to check it out because of the peace of mind that a new roof offers. More interested buyers likely means a better final sale price, and thus a better return on your investment.
So whether you’re remodeling your home and want to add some value in order to make a sale, or you’re flipping a fixer-upper and want to maximize the sale price, investing in a new roof could prove to be the boost you need to get the price you want. It may even surprise you just how much the investment in a new roof could boost your final sale value.
At Lyons Roofing, we offer major repairs and full roof replacements for remodel and renovation projects! Give us a call at (520) 447-2522 today and let us help you get the perfect new roof for your home.