House sale prices are on the rise in Ohio, which is good for you, as it means the market is still high and competition is fair.
The number of homes selling are also on the rise, but the number of new homes on the market are rising even faster.
You’ll want to be more than competitive to sell your Northeast Ohio home.
Beyond competition, however, you need to assure your buyers that their home will stand up to the four seasons of Northeast Ohio, ranging from warm to downright freezing.
The roof should be in good condition, well-maintained at the very least, and completely new if possible.
Neither buyers nor sellers play when it comes to considering or marketing a home with a new roof. The newer your roof is, the more confident your sellers are, and the more interested your buyers will be.
Here are 5 great benefits they get with a new roof.
Key Takeaways
- Northeast Ohio weather is no joke. An aging roof is a strong turn off for potential buyers.
- New roofs and roofing warranties increase buyer confidence in their own security for the next few years.
- Newer roofs mean higher appraisal values and better sales pitches.
- A new roof practically pays for itself through the higher and faster sale.
- Curb appeal will never not be important to your NEO homeowner.
Why Replacing Your Roof Before Selling in Northeast Ohio Pays Off
Selling your home in Northeast Ohio means making smart decisions that attract buyers and add value to your property. One of the most impactful upgrades you can make? Replacing your roof.
Here are five reasons why a new roof should be high on your presale checklist.
Reason #1. Northeast Ohio Home Buyers Get the Roof They Need
Arguably, the most important renovation or review you should do when thinking of selling your home in Northeast Ohio concerns your roof.
It is the first thing that buyers see when they step out of their cars and the first concern they will have when talking to the seller.
The freezing winters and humid summers of Ohio are hard on any type of roof.
Signs of aging, or even signs of recent repair, signal to buyers that the roof is not quite weather-proof, or will need even more repairs very soon.
At the same time, the look and feel of a home matters.
Colonial-style neighborhoods look better with rustic roofing and neutral colors. Cape Cod-style housing has a little more color, but sticks to a theme.
You will want to stay in theme, not too avant-garde, and let the new homeowners make roofing color decisions down the road.
In short, the importance of a new roof is not to be underestimated. Make it your first presale consideration, and if necessary, your biggest investment.
Reason #2. Buyers Know They Get Higher Savings with a New Roof in NEO
If your home is within or near top neighborhoods to live in such as Shaker Heights or Orange Village, you will need your home to stand out from the others.
Prices have gone up 8.5% in the last year, indicating persistent market demand. However, at the same time, it is taking a little longer for homes to sell than before.
Considering roof replacement is a large issue, especially when it comes to your return on investment. On average, the cost of roof replacement in NEO is anywhere between $8,000 to $40,000.
Asphalt shingles are on the low end, while metal roofing and cedar shakes are a little bit on the higher end, depending on the work you need done.
Most importantly, appraisers will provide you with a home value that takes your investment into account.
Reason #3. Potential Northeast Ohio Homeowners Avoid All the Pitfalls of an Aging Roof
With a 27% chance of rain for 8 months out of the year, with freezing temperatures for 2 and high humidity for another 2, any home-seeker would hesitate to buy a home that might leak on them, weaken the entire house’s structural integrity, or cost them heavily in energy bills.
They don’t want to think about roofing for at least the next 5 years.
With temperatures changing as much as 60 degrees throughout the year, even finding a good window for roof repairs is a challenge. Summer would make the most sense, but the heat and humidity would not make it any easier.
A roof must survive all seasons without requiring repair or draining income due to energy costs.
What are the risks of not replacing your aging roof before listing it for sale?
- An aging roof shows the signs of its age. Shingles may be warping, cracking, dented, or completely gone. Repaired sections are usually mildly discolored or just don’t perfectly match the rest of the roof.
- Changing temperatures and weather expand and contract the house and roof, leading to risk of mold and leaks. Leaks in particular can threaten the structural integrity of your home.
- A bad first impression can lead to a lost sale right out the gate. The longer your home takes to sell, the higher your sunk costs will be in fees, maintenance, and additional assessments you need over time.
Reason #4. Buyers Get a Presentable Home at First Sight in NEO
In-demand neighborhoods such as Blue Ash and Pepper Pike are always seeing buyers on the lookout for a village where they can spend the next few, or many, years of their lives.
In other words, standing out is a non-negotiable if your home is on the market.
You may go for smaller upgrades to the windows and doors, or to the siding and landscaping, but the crowning glory of a home will always be its roof.
Whether you’re going for classic and affordable asphalt, or more contemporary metal roofing, or long-term classic options such as clay or slate, your upgrade should make a significant difference.
For buyers, the same logic applies.
Homeowners want a presentable home as soon as possible upon moving in.
It really can be as simple as giving the next resident something to be proud of in the neighborhood, or when inviting people over. However, it goes a little deeper than that.
Reason #5. Homeowners Want Updated Roofing Warranties That Protect their Northeast Ohio Home Investment
Even as you consider investing in roof replacement, remember that homeowners are also considering their new home as a personal investment.
Like any investment in a high-value, high-cost item or property, buyers need assurances that they will get their money’s worth for as long as they can possibly expect it.
Roof replacements often come with warranties, mostly on materials, sometimes even on maintenance and workmanship. A recent or updated warranty assures your buyers that they are not losing out when they invest in your home, especially when it comes to navigating home insurance.
What kinds of warranties can your buyers expect?
- Asphalt Shingles: Usually have 10- to 20-year warranties.
- Metal Roofing: Often have 30- to 50-year warranties.
- Composite or Synthetic Slate: Often have up to 50-year warranties.
Homeowners want their investment protected for, at the very least, 10 years.
Classic farmhouse or Provence-style homes, in particular, tend to have specific requirements for look and feel. Buyers would prefer not to have those requirements on their minds for a few years.
Royalty Roofing is a Northeast Ohio Contractor Ready to Assess and Replace Your Roof
At Royalty Roofing, we review your home needs, listen to your goals for the house sale, and give a professional opinion and estimate when it comes to roof replacement.
We also know a little about what moves the market. We can recommend the best materials according to your needs, the neighborhood requirements, and the most trusted innovations in home security and energy efficiency.
Contact us today at (330) 919-7754 if you have any questions about going for repairs or replacement when it comes to selling a house.