Should You Repair Your Roof Before Selling? (3 Things To Consider)

Selling your home requires usually some repairs before listing it on the market. After all, you only get one chance to make a first impression. Homeowners often ask us, “Should you repair your roof before selling?” This is a great question and one that requires more elaboration.

Here are 3 things to consider:

1. How Motivated You Are to Sell

If you’re selling a home because you’re moving into another one, chances are you don’t want two mortgages. As such, you should get the house as “sell ready” as possible. Major repairs such as foundation, roofing, electrical, and plumbing need to be evaluated and mitigated as soon as possible.

On the other hand, if there is no urgency to sell (or need to move) you can afford to delay repairs. You can wait until a strong prospective buyers makes an offer and you are in negotiations. This route gives you an extended timeline and allows you to cover the minimum repair requirements.

2. The Pulse of the Market

If you live in Omaha, you’ll realize how quickly homes are flying off the market. Many homes are selling above asking price and only last a few hours/days on the market. As such, homebuyers can overlook minor roof repairs if there is minimal damage. However, a roof is a “major” component of a house. The current homeowner should definitely repair a roof when it poses a huge financial risk to any homebuyers.

Contact a reputable roofing contractor to help you determine the state of your roof. Mutual Roofing can help you decide if it’s necessary to repair before listing.

3. Loan Contingencies of Potential Buyers

Nothing is worse than having closing day delayed. A mortgage company can overlook minor repairs, but it’s the major ones (cough*roof*cough) that they don’t. Mortgage lenders are invested in the home, so that’s why there are stipulations on the loan if there are major issues with the roof.

Learn more about why mortgage companies might be involved in your roof repair.

By making sure that your roof is in sell-ready condition will consequently ensure there is one less block on closing day.

So Here’s the Deal

Making minor repairs will never hurt when trying to sell your home. On the other hand, substantial damage may require an entire replacement. There is, however, a huge gray area as to what is necessary and what is optional.

Mutual Roofing can help you determine if you should you repair your roof before selling. Contact us at (402) 889-3381 for a FREE inspection or contact us through our website.