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R.Townley Roofing |
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R. Townley Roofing wants to be your roofing contractor! |
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Roofing Issues for Buyers and Sellers |
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Seller Considerations
1. Replacement cost—options might include recover, conversion from shake to comp, ect.
2. Cost to repair roof to certify for 2 years.
3. Weigh the benefits of the aesthetic value of reroofing. Will it help sell the home? Must I be concerned with covenants or homeowner’s association? Should I convert to composition instead? Should the material be Architectural vs. 3 tab.
4. Will the cert satisfy a buyer in this price range?
5. What would I want if I were buying this house?
6. If repair costs exceed 15-20% of the roof cost, perhaps that money would be better spent on a new roof—give the buyer the option to reroof with material of their choice, and contribute cost of repairs accordingly.
7. If I reroof the house before sale, perhaps I limit buyers ability to upgrade…
8. Perhaps I should include the cost of a new roof in the purchase price and negotiate later.
9. Sometimes it’s better to wait on repairing a roof to get a certification. For example, repairs on a shake roof might result in a patchwork of shakes which are different color shades. It will take time for these to weather. If repairs are done before the home goes on the market, a) It might detract from the overall look of the home, and b) it might serve as a red flag that the roof is or has been an issue. |
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Negotiating Roof Issues
Let’s face it, no one wants to have to replace a roof in order to sell a home. It almost doesn’t seem fair from the seller’s perspective since they will get no use of it. So it is most often that a seller deals with this issue reluctantly. Here are some considerations to keep in mind: |