When it comes to shopping for a new home, one of the biggest worries that people in Texas have is having to make costly repairs like replacing the roof with a roofing company Austin. A rooftop in serious disrepair can cost thousands of dollars to fix and can become an important negotiating issue in the sale of a home. Well-educated home sellers know that buyers will negotiate for a lower price if they don’t fix their roof before they put it on the market. However, even if repairs are made before the sale, there is no guarantee you will earn back every dollar you spent on the repair. Remodeling Magazine recently reported that the return on investment averages 53% for a full roof replacement and 61% for a minor renovation.
Considering these statistics, should you replace your roof with a roofing company Austin before putting your home on the market? The answer to that question depends on your situation. The first step is to hire an inspector to examine the roof. An inspector can give you more information on the condition of the roof and help you make an informed decision. Having our inspector can also help you plan for what a potential buyer’s inspector may advise.
If your inspector says that your roof needs to be replaced, below are a few questions to consider before you decide on whether to replace the roof or not before selling your home.
Do You Owe Money On Your Home?
Whether to replace your roof or keep the current roof depends on how much money you are hoping to profit on the home sale. If you own your home outright, you may not need as much of a profit than a homeowner who stills holds a large amount on their mortgage. If you still have a large mortgage, but still hope to make a profit on the sale of your home, you will want to consider the cost of the roof repair carefully.
How Extensive is The Roof Damage?
After you have an inspector assess the condition of the roof, you will want to bring in an expert roofing company Austin like Bluebonnet Custom Roofing to tell you how much the replacement will cost. Having an idea of how much the replacement will cost will tell you if you can afford to do the repairs before the sale of your home. Do you have enough money in savings, or will you have to take out a home equity loan to pay for the repairs? Taking out a home equity loan is fine, but just remember you will need to satisfy the loan with the profits from the house sale. Also, knowing the cost of a potential replacement will tell you how much you should reduce the price of your home if you decide not to make the repairs.
How is The Housing Market In Your Area?
Carefully consider the local housing market. Are other homes selling quickly, or are they staying on the market for weeks or months? You’ll also want to examine the cost and condition of homes priced in the range of your home.
If there is a lot of inventory in your town, a new roof from a roofing company Austin may help your home stand to potential buyers.
Will Insurance Cover The Cost of The Roof Repair?
Is part of your roof damage due to a weather event or another accident that might be covered by insurance? Call your insurance company and see if you can file a claim to assist in covering the cost of the roof replacement or repair.
If you decide that you can’t afford a total roof replacement, a partial repair might be a good idea. Partial repairs will address any immediate problems and may be an incentive for potential buyers.
Hire an Expert Roofing Company Austin
When you decide that you’d like to hire a professional roofing company Austin TX to replace your roof before you sell it, contact Bluebonnet Custom Roofing. We are one of the most experienced residential roofing contractors in Central Texas, and all of our technicians are expertly trained and dependable.
Hiring a contractor for roofing Austin TX can be confusing, but Bluebonnet Custom Roofing is here to ensure your experience is affordable, high-quality, and transparent.
Do I Need to Have a Roofing Company Austin Replace My Roof Before Selling My House? | Bluebonnet Roofing – Austin, TX