Roof Replacement – Buying or Selling a Home
A roof replacement is one of few things that is good for both the buyer and seller in a home transfer.
There are certain things you can do to help increase the value of your home when selling. Some of the more important things buyers look for when inspecting potential new homes are the condition of the pipes or plumbing, the condition of the home electrical, and the condition of the roof. Of the three noted, the roof is usually the timeliest to fix.
Replacing the roof on a home you are selling will usually increase the value by about 7-10%. The cost of the roof is usually around 3-5% of the home value. That means you stand to make money by replacing the roof on the home prior to selling.
Buyers get the peace-of-mind that comes with having a new roof, as well as a material and workmanship warranty. The home is usually our biggest investment we make in life. The roof over that home does nothing more than protect that investment.
Warranties are usually transferable one time. Being able to provide a buyer with a warranty on the roof at the time of sale is worth quite a bit. The average lifespan for a roof in Colorado is 7 years. This is usually due to hail, wind, and sunshine exposure. If you are buying a home, you should always make sure the roof on the home is not at the end of that lifespan. The last thing you will want to do is replace an old roof on your new home.
As a home buyer, it is always a good idea to push to have the roof replaced before purchasing a home. For obvious reasons, buyers will want to make sure the roof is new and in great condition. Having a warranty on the material installed, as well as the workmanship done, by those installing the roof is invaluable.