If you are getting ready to sell your home, a new roof may be worth considering. The housing market is currently highly competitive and a seller’s market. You can increase the value of your home and increase the likelihood of getting better offers by installing a new roof. The 2019 remodeling impact report, published by the National Association of the Remodeling Industry (NARI), noted that new roofs can provide up to a 109% return on investment. It also stated that 39% of realtors suggest that sellers replace their roof before trying to sell and 33% said that a newly installed roof helped close a sale.

Even if installing a new roof does not give you a one-for-one return on investment, it may help with the marketing and quick sale of your house. Many times new owners are not able to complete a major renovation after spending money on the down payment and closing costs of their newly purchased home. Many new homebuyers are looking for a “turn key” home that they can walk right into without having to perform any work themselves.

When comparing two houses in the same price range, a potential home buyer is more likely to make a generous offer on a home that has the most recent updates and repairs, as it will save them money in the long run. If a house clearly needs a new roof, buyers will mentally add that expense onto the listing price.

If your roof has incurred damage or is failing, you will need to replace the roof before selling, or include a roofing allowance in the sale. Many states legally require a seller to disclose any damage or structural issues in the home to a potential buyer. If this is not the case, many mortgage lenders or buyers require.a home inspection prior to closing and the issue will quickly be found. This could end a sale quickly, wasting your time and delaying the actual sale of your home.

Deciding how much to invest in a new roof if you are preparing to sell your home is a conversation you should have with your realtor. They will be able to tell you the market value of your home with and without a new roof. They may also be able to assist in deciding on which materials make the most sense for your budget. Many times installing a typical asphalt shingle roof is sufficient for your potential buyer. Houses in some neighborhoods, price ranges or markets may require the current homeowner to invest more money in architectural shingles, cedar shake, metal roofing or a combination of roofing materials for a higher-end look.

NARI’s research also shows that 75% of homeowners report feeling “a major sense of accomplishment” after installing a new roof and 49% say they have an increased sense of enjoyment when they are at home. This is an investment for your own happiness and comfort even if you aren’t trying to sell your home.

Interested in installing a new roof on your home? Contact Texan Roofing Pros today and let us give you a FREE roof estimate! We proudly serve the San Antonio, Austin and Rio Grande Valley areas.