Selling a house is a big life moment. Whether you’re moving to accommodate a growing family, changing cities, or countries, for work or looking to downsize for retirement, moving means leaving behind memories made in your current home to forge new ones elsewhere!
When, selling we all want to receive the best possible price for our home and if you’re wondering whether a roof renovation will have a substantial impact on your house’s resale value, the answer is YES! Intelligent home buyers will opt for the well-maintained and structurally sound home with some aesthetic work, over a structurally poor house with great aesthetics. The following are reasons why redoing your roof helps the resale value of your home!
Averts a Major Renovation for the Buyer
Many buyers are looking for homes with that ideal “move-in-ready” status. A roof in poor condition is a major repair that would need immediate attention. This can be a deterrent for many potential homeowners. Those who still show interest will want the resale value to reflect the required roof work and can use this as a point to negotiate the price of the house.
Helps Your Home Stand Out
Renovating a roof in poor condition, enables you to choose roofing materials and colours that complement your home’s exterior and enhance the overall aesthetics of the house. A new roof can also help your home stand out from neighbouring homes, furthering its attraction to potential buyers.
Increases the Value of Your House by Approximately 11.2%
Remodelling Magazine provided this statistic and it’s a great way to get a sense of the potential ROI on a roofing project if you plan on selling your home. Although this data was gathered in the US, the findings are still applicable here in Canada.
Depending on the current condition of your roof, an entire roof replacement may not even be in order. Maybe only certain shingles or your gutters or soffits need to be addressed. Either way, ensuring your roof is in good standing when selling your home, will positively impact your resale value.