One factor that impacts your home’s ability to find a new buyer is its roof. Here are several ways that a damaged roof can affect your home’s overall value.
Your home is a huge investment. In fact, for most people, it’s one of the biggest investments they’ll ever make. That’s why you work hard to take care of it.
One of the most important aspects of keeping your home in top condition is making sure that the roof is in good shape. After all, if you’re roof is damaged, your home will leak and will look tacky.
This article takes a look at 5 ways that damaged roofs can impact the value of your home. Keep reading to discover insight into the need for room repairs.
Decreases Curb Appeal
One of the primary reasons to replace or repair a damaged roof is for purely aesthetic concerns. After all, you want your home to look as good as possible.
Whether you intend to stay in your current home for years to come or plan to sell as soon as possible, the overall appearance of your home is important.
In fact, it’s hard to overstate the importance of maximizing curb appeal when the time comes to place your home on the market. You only get one opportunity to make a first impression. Thus you need to really wow potential buyers when they arrive.
Never forget that roofs in need of repair are often ugly, and can easily leave a bad visual impression.
Creates Home Inspection Issues
Another way a damaged roof can negatively impact the value of your home is when the inspector does a walkthrough. A good home inspector notices everything that needs to be fixed, and any damage they notice on the roof will definitely go at the top of their list.
Reduces Energy Efficiency
Owning an energy-efficient home is more important now than ever before. After all, people look for every way possible to save money while being environmentally friendly.
A damaged roof will let rain, heat and cold weather into your home, causing your HVAC system to work harder and be less efficient. Keep in mind that saving money on your monthly energy bill can be a huge selling point when discussing your home with potential buyers.
An Old Roof is Unlikely to Be Under Warranty
A new roof also means you’ll have a new warranty. This is extremely important to buyers. The warranty will transfer to the new owner, so the buyers will still repeat the benefits of the manufacturer’s warranty long after you’ve moved on.
Reduces Total Resale Value
Believe it or not, a new roof adds an average of $12,000 onto the resale value of a home. When you do the math, you’ll likely discover that this added value actually enables you to recoup the majority of the cost of the new roof.
The Reasons Why Damaged Roofs Lower the Value of Your Home
Selling a home isn’t always easy. That’s my replacing damaged roofs is so important for maximizing the value of your house so that you can make every dollar possible when you’re ready to put in on the market.
Please feel free to contact us for pricing information.