It is no secret that the housing market in Fort Collins and surrounding areas is booming. Real estate in the Front Range is selling at premium prices. If you own a home or property in Fort Collins, Loveland, or the surrounding communities, and you are looking to sell, you are in an opportune place. However, you still might have a bit of prep work in front of you. For instance, you might be wondering whether or not your roof will need to be repaired or replaced before you sell.We’re here to help answer that question.
With a thriving housing market, it is unlikely that you would need to have your roof replaced purely for cosmetic reasons, or to improve the curb appeal. But if there is hail damage to your roof, or leaks causing water damage to your home, these issues will need to be addressed before the sale of your home.
To save yourself some time and headache, it is best to call a local, reputable roofing contractor to come out and inspect your roof. They will be able to spot any damage, whether it’s obvious or more hidden. They will look for issues such as:
- missing or torn shingles
- hail dents in shingles or metal work
- curling or cracked shingles caused by harsh sun exposure
- exposed underlayment or decking
Putting money into a roof that you plan to sell may not sound ideal, but here are a couple of things to keep in mind:
You May Qualify For Insurance Compensation
If there is hail damage, an experienced contractor will be able to determine whether that damage may qualify for insurance compensation, and walk you through the hail claim process. Even if the damage is from a storm within the past twelve months, you may still be able to submit a claim. (See more on that, here)
You Will Likely See A High Return On Investment
With houses often selling for thousands above asking price, the cost of a new roof should be viewed as an investment.The return on investment for a full roof replacement averages above 50% (Remodeling Magazine). Not only that, but having a brand new roof on your house is a great selling point, as buyers will feel at ease knowing they won’t have to worry about the roof for years to come. Finding a buyer in this market is not a problem, but there is always room for encouraging higher, more competitive offers that will give you a higher return on your investment.
Another thing to keep in mind is that with a brand new roof on your house, the closing process will go smoother. The housing market in Fort Collins is a fast one. Houses go on the market and sell within days, but contracts also fall through all of the time. With a brand new roof on your house, you lessen the likelihood of running into issues during the closing process.
If you are in the beginning stages of placing your home or property on the market, save yourself some time and call in a reputable, local contractor today. By having them perform a thorough inspection on your roof, you’ll know exactly what needs to be done before you sell, and how to make your selling and closing process a simple one!