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Roof Repair Roofing

Selling Your Home with a Damaged Roof: To Repair or Not to Repair?

Buying a home is one of the largest purchases most people make in their lifetime. Because of the magnitude of this purchase, both the seller and the buyer want to get the best deal possible. Many times this transaction ends in a back and forth negotiation between the two parties over repairs and closing costs.

This process is complicated enough, and it becomes more so if you add a roof that needs repair. Smart buyers expect to pay less if the roof needs significant repairs. However, will repairing your roof benefit you? Some reports show the average return on investment from roof replacement varies from 53% to 61%.

As a seller, you may wonder to what extent you should fix up your home. Unless you build, most homes have some type of damage to them. So, where do you draw the line between repairing your roof and selling as is?

Here are some questions to help you determine whether you should repair your roof or not.

What does your roofing contractor recommend?

Before you decide if you should repair your roof, you should first get it inspected. You should know how your property measures up to the nearby homes on the market and understand the extent of damage to your roof. This assessment will help ensure you advertise a clear picture of your property’s worth and avoid issues with potential buyers.

If the roofing contractor finds minor damages, you don’t need to worry about repairs. However, if your roof has major issues, you may need to ask yourself a few more questions.

How will roof damages affect your home price?

If you own your home, you may not have to worry about making a significant profit from selling it. On the other hand, if your home isn’t paid off, you may need to sell for as much as you can in order to break even. To sell your home for the maximum price, you will need to repair roof damages.

Your home value will increase significantly when you resolve roof repairs. Remember that whatever profit you make from selling your home determines the balance on your outstanding mortgage loan. Therefore, if you don’t have your home paid off consider repairing your roof. Keep in mind, if your home doesn’t sell for a while, you will still have to pay interest rates, which may mean lowering your profit.

Replacing your roof may also attract more buyers and help you leverage your price during the negotiation period. If you don’t repair the roof, your home may stay on the market longer than necessary.

Will the damage effect the buyer’s loan approval?

If the buyer decides to finance the cost through a lender, make sure selling as-is won’t block them from getting approved. Some lenders require that you finish major repairs before they approve loans. In these cases, the cost of repairs normally falls to the seller.

How will you pay for repairs?

If a severe weather storm damaged your roof, your insurance may cover the cost of repairs. You should contact your insurance provider to find what damages your policy covers. You can save quite a bit of money with this financial solution. Ask your roof contractor for guidance and information regarding insurances and cost of repairs.

You may also want to give the buyer the chance to fix the repairs. They may prefer to find their own contractor and have you credit them some of the bill. This option works great for buyers who want to ensure quality work.

If you want to sell a home that needs repair, call a roof contractor you can trust to help you through the process.

Categories
Blog Roofing

What You Need to Know to Hire a Great Roofing Company

All it takes is one good storm to make you realize you need a roofer. Perhaps you’ve lost some shingles or tiles. Maybe you’ve discovered a leak. Or perhaps you’ve realized that your roof is past due for an overhaul. Whatever the reason, calling a roofer is an overwhelming task.

Most people only call a roofing company a handful of times in their lives. So each time they call, it’s like calling for the first time all over again. There are so many questions to ask and plans to make.

However, finding a roofing company is simply an exercise in careful common sense. Here are a few things you should consider before hiring a roofing company.

What to Ask Before You Hire

Roof work can costs thousands of dollars, and the quality of your roof is vital to the health of your home. So it’s important to ask some basic questions before you hire anyone.

Questions that Protect Yourself

In the state of California, your contractor must have a license. It’s easy to check; you just need their name, license number, or company name. Ask for the company’s card to search online later. This protects you if something goes wrong.

Ask about insurance and workers’ compensation. A quality company will provide both. This protects you because you won’t have to shell out money if someone is injured on the job. Your homeowners insurance will not usually cover such costs, so skipping this question could be especially expensive.

Finally, ask each company if they have a brick and mortar location. This protects you because they have a local reputation to maintain, so they aren’t going to cut and run. Likewise, ask if they ever use subcontractors; if so, ask to see their information as well.

Questions that Protect Your Home

A good roofer will offer you many references. You should ask for about ten, but you don’t need to see or talk to all ten. Instead, pick two or three at random.

Call the references and discuss their experiences with the roofer. Was the roofing company punctual? Did they communicate changes such as timelines or materials? You may also want to drive by and see a few roofs the company has worked on.

The best roofers trust their work and the work of their employees. Because they trust their work, they’ll offer warranties. Ask to see the warranty in full, not just a short blurb. Since many issues with roofs occur after about one year, the warranty should cover at least one year, if not longer.

It’s important to note that a roofing company’s warranty will cover only workmanship, not materials. The manufacturer of the tiles, waterproof membranes, flashing, etc., will offer a separate warranty on those items.

Questions to Plan Your Project

Before hiring, you’ll want to hash out some plans with your chosen company. You should know where the waste container will sit and who will provide it, as well as any policies about recycling and fees.

You’ll also want to discuss protecting your gutters and landscaping, and any backup plans should the workers damage anything. Their insurance should cover damages, but make sure to get a plan in writing. Their insurance should cover damages, but make sure to get a plan in writing.

After You Hire

Once you’ve decided on a company, get everything in writing before they begin. Make sure you have a person you can contact if you have any questions during the build. Finally, don’t sign off the job as complete until the workers remove all waste and materials.

Now that you know what to look for, call your All Climate roofing and get started on your new roof.