Are you debating whether or not to fix your roof before selling your home? Or perhaps you are unsure about buying a home with a damaged roof?
In this blog, we will look at damaged roofs from the perspectives of both a buyer and a seller in Monterey, Santa Cruz, and San Benito counties. Continue reading to clear the air!
The fact of the matter is that a damaged roof will lower your home’s value.
Because of the condition of your roof, your buyer will negotiate regardless of the price you quote. In other words, you may not get the price you expect.
Your roof may even give buyers an unfavorable impression of you and your home. They may see you as a careless seller who is only interested in turning a profit.
They may even think that your home’s other components are damaged—this could cost you many interested parties.
Third, you may not be able to sell your home right away. If you decide to replace your roof in line with your buyer’s demands, your deal may not be closed anytime soon, as roofing projects can take a while. In fact, depending on the weather, complexity, and accessibility to your home, it could take up to three weeks for your old roof to be stripped down and replaced with a new one.
Roofs impact people’s purchasing decisions, meaning your new roof will attract prospects in droves.
You will also be more likely to get the desired and deserved price for your house.
Furthermore, a new roof will help your property sell faster; nothing will stop buyers from purchasing a property with a recently installed roof.
A new roof will also give your home a new lease on life. It will increase your home’s curb appeal, making it the envy of the neighborhood.
A damaged roof should concern you if you are an intelligent buyer. Such roofs are rife with issues, both expected and accidental. Minor issues from the past may quickly escalate into something major, or you may even encounter a new problem every day following your purchase—and we all know how expensive roof repairs can be!
Second, if you plan to finance the house, the damaged roof can be a cause of concern. Most lenders see damaged roofs negatively and may deny loan applications outright. Otherwise, they may require roof replacement before lending the money.
On the plus side, you will be able to negotiate a lower price for the house. If you like the neighborhood and other aspects of the house, there is no reason why you should not consider it. Additionally, if the roof is damaged and you have sufficient funds, you can install a roof of your own choice.
Ideally, roof damage should be confirmed by a comprehensive evaluation from experts who work directly in the field. Unfortunately, home inspectors may not have the skills, time nor inclination to do a thorough assessment and may recommend fixes that don’t address true structural deficiencies to warrant roof replacement or repairs.
That’s why it’s important to talk to the roofing specialists at Premo Roofing to get an accurate report of the extent of the damage. As trained professionals with years of experience, we pride ourselves on providing all the details needed to help home sellers and buyers make informed decisions. If you live anywhere in Monterey, Salinas, Carmel, Santa Cruz, or Watsonville, you can count on Premo Roofing’s roofing solutions. Call us at (831) 443-3605 or contact us online for a free estimate.