Homeowners who are looking to sell their properties often feel compelled to fix major roof damage not only out of safety concerns but also as a way to boost property resale value. However, this is easier said than done because a roof repair job can often be a complicated and costly undertaking. This statement from Redfin listing agent Chad Dierickx sums it up best:
A rooftop in serious disrepair can be costly to fix and ranks pretty low on the list of “fun things to spend your money on” for any homeowner. Because a major rooftop repair can cost thousands of dollars, it easily becomes a negotiating point in a home sale. Savvy sellers know that if they don’t fix their roof (and it needs it), buyers will expect to pay less…
“But if you choose to sell as-is, it might impact the final sales price.” Dierickx continues. “Well-maintained homes have the potential to sell faster because they show better when people tour them in-person, and that’s one less concern for the buyer to take into account…” In essence, you may need to spend some money first to drive up property price. In any case, re-roofing in Menlo Park, Sunny Vale, or anywhere else in California must be taken seriously since it affects more than just a property’s real estate value.
According to DisasterSafety.org, even a few missing shingles are enough to significantly weaken a roofing system and make it more vulnerable to strong winds and heavy rainfall. Additionally, a badly damaged roof may allow water to seep indoors, which will inevitably cause the ceiling to collapse. In such instances, one will need to call in a reliable local roofing contractor from Menlo Park – such as Shelton Roofing, for instance – to carry out emergency leak repairs.
The decision to undertake extensive roof repairs ultimately rests in the property owner’s hands. In this regard, Dierickx cites figures from Remodeling Magazine which confirm that the return on investment for roof repairs range from about 50 to 60 percent. Whether or not this is a significant monetary gain is largely subjective, but at any rate, re-roofing and repair expenses are a small price to pay if it means being able to protect lives and prevent even more expensive home repairs in the future.
(From Should You Repair Your Roof or Sell As-Is?, Redfin, June 24, 2013)