Selling a home can be very stressful, especially if you’ve let certain parts of your home fall into disrepair. It’s pretty common for homeowners to spend quite a bit of money just to get their home ready to put on the market. In the end, you hope you can get back more than what you put into fixing it up. When it comes to fixing up your home to get it ready to sell, some projects are more cost effective than others. It turns out that a new roof is what will get you the biggest return on your investment. Here’s why.
New roof equals curb appeal
It’s no secret that selling a home has a lot to do with curb appeal. You want prospective buyers’ first impression to be a good one. A lot of studies have been done to understand the psychology of home buying. It just so happens that prospective buyers will be more inclined to find things they dislike inside the home if they don’t like the home’s exterior. In fact, some buyers might not even make it inside the home at all if the outside is an eyesore. On the other hand, buyers can overlook some things like an outdated kitchen if the home’s exterior is pleasant to look at. It goes without question that the state of your roof is right up there with your home’s siding andlandscaping when it comes to the curb appeal of your home.
More bang for your buck
A new roof doesn’t just make your home look better, it will add to the value of your home more than just about any other home improvement project you can invest in. According to Remodeling Magazine’s 2015 “Cost vs. Value Report,” replacing a roof that has fallen into disrepair with a new one has a great cost to value ratio. It’s one of the only home improvement projects that can actually help you turn a profit.
Despite these findings, many sellers funnel their remodeling budget into projects like an updated kitchen. While it can certainly add to the value of a home, homeowners still lose money as often as not when they do sell. Plus there’s the chance that prospective buyers won’t like the look of the new kitchen and would have preferred to remodel it themselves. A new roof, on the other hand, tends to be appealing to just about everyone regardless of style. If you’re getting ready to put your house on the market and your roof has seen better days, get in contact with a roofing contractor who will sit down with you and discuss options and pricing.
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