Buying a new home is a BIG investment and can sometimes be an overwhelming task. There are many things to watch out for when buying a new home and many times you end up with a long to-do list after the purchase. But there are several key upgrades that can benefit the buyer and the seller. A new roof falls pretty high on the list.
For a seller, new residential roofing on the house you’re trying to sell can increase your return on investment up to 75% though a higher initial asking cost. Though not as high of a ROI as new siding or windows, the new roof will increase curb appeal and reduce the amount of “problems” that show up during the inspection. Some older roofs may even be required to be replaced before a home can sell. Many insurance companies will no longer insure the older T-lock roofs and that can make it impossible to sell the home.
For a buyer, a shiney, new roof definitely adds value to a home. Once the inspection comes back, seeing notes like heavy wear and tear or hail-damage can be definite deterrents. If the inspection comes back with those indicators don’t be afraid to ask for the seller to replace the roof. You may have to make some concessions, such as in closing costs, but a new roof will bring value and protection for years to come.
Colorado is experiencing a very hot housing market right now that will continuing into the foreseeable future. Keep the roof in mind when buying or selling a home and reach out to Schroeder Roofing, your local Northern Colorado roofer, for fast and exceptional service during the process.