Selling your home is both thrilling and challenging. Amidst the excitement, it’s easy to overlook critical details like the condition of your roof. Yet, your roof is a significant factor in determining your home’s worth on the market. In this blog, we’ll explore why scheduling a residential roof inspection in Edmonton before selling is a savvy move. Uncover the benefits and learn how to avoid common pitfalls for roof inspections before selling to help make informed decisions that will enhance your selling experience.
How much value does a new roof add to your home?
A new roof can substantially boost your home’s resale value, potentially increasing it by $10,000 to $15,000. Once the costs are added up, you could have an impressive return on investment (ROI) of 60 – 68% based on the industry average in Canada. Moreover, opting for energy-efficient roof systems can enhance your home’s appeal by lowering energy bills and adding insulation. Buyers are often attracted to homes with new roofs and are willing to pay a premium for the added assurance and curb appeal.
Would your roof pass the red flag checklist?
- Mold growing on the shingles
- Incorrectly installed flashing
- Missing shingles
- Roof granules in the gutter
- Leaks or stains on your ceiling
If your roof checks the boxes for any of the following, don’t start the process of selling your home before you book a roof inspection!
Do I need a roof inspection before selling?
Have doubts about your roof’s ability to meet a buyer’s expectations? Booking a roof inspection before selling or listing your home should be your first step. Your roof is the primary defence against the elements, safeguarding your home’s interior. Neglecting roof issues can significantly shorten its lifespan and potentially result in costly repairs. While not every home inspector may thoroughly assess the roof, especially in multi-story homes, roof certifications are often required by lenders, underlining the importance of a professional inspection.
As a tip, a roof certification is a document provided to the homeowner or prospective buyer outlining the overall roof condition and lifespan. This certificate is valid for 2-5 years and can also be issued after you have completed the required roof repairs or roof replacement.
What are the advantages of a roof inspection?
- Security for Buyers: Provide prospective buyers with confidence by offering a certified inspection report showcasing your roof’s integrity.
- Quicker Sale Process: Avoid potential negotiations and delays by addressing roof issues upfront, ensuring a smoother transaction.
- Accurate Pricing: Set a realistic selling price based on the actual condition of your roof, preventing overestimation or undervaluation.
- Insurance Coverage: If damage is attributed to unforeseen weather conditions, your insurance may cover repairs, saving you money.
- Enhanced Curb Appeal: A well-maintained roof enhances your home’s visual appeal and overall marketability.
- Negotiation Leverage: Knowledge of your roof’s condition empowers you during negotiations, potentially leading to more favourable terms.
What are the disadvantages of a roof inspection?
- Potential Sale Delays: Addressing roof issues identified during inspection may require time-consuming repairs, potentially delaying the listing and sale of the property.
- Buyer Demands: If significant roof issues are uncovered, buyers may negotiate for lower sale prices or demand repairs as conditions of sale, reducing seller profitability.
- Impact on Market Perception: A roof inspection report revealing extensive damage could negatively impact potential buyers’ perceptions of the property, leading to decreased interest and lower offers.
- Disclosure Obligations: Sellers are legally obligated to disclose any known roof issues to potential buyers, which may affect the negotiation process and overall sale price.
- Limited Return on Investment: Investing in costly roof repairs or replacements may only sometimes yield a significant return on investment, particularly if the market conditions do not justify the expense.
What can you expect from roof inspections before selling your home?
A professional roof inspection comprehensively evaluates your roof’s condition, identifying potential issues and necessary repairs. Roof inspections typically take anywhere from 45 minutes to 2 hours, depending on the size of your home and the roof type, allowing you to have answers on the same day. This proactive approach will enable you to set an accurate selling price, potentially avoiding last-minute negotiations and delays in the sales process. Additionally, having documented proof of your roof’s condition can streamline the sale and provide both sellers and buyers peace of mind.
Book a Roof Inspection with Knights Roofing
At Knights Roofing, we understand a solid roof’s critical role in maximizing your home’s resale value. Our expert inspectors thoroughly assess your roof’s structure, materials, and workmanship, pinpointing any red flags such as leaks, missing shingles, or deteriorating flashing. With our detailed roof certifications, you can confidently present your home to prospective buyers, knowing that your roof is in optimal condition. Don’t let roof repairs become a barrier to selling your home – schedule a roof inspection with Knights Roofing today and unlock your property’s full potential.