Quote:
Originally Posted by MX rider
We just sold our home that was 15 years old. Roof was still in excellent condition. But we went ahead and put a new roof on anyway because we felt it would be an issue for many buyers. Our realtor agreed. Especially since insurance companies prefer your roof to be less than 15.
Did we recover any of the cost? That's hard to say. I would guess some, maybe 50% or less.
The home we moved to got a new roof in February, so that was a plus in our minds since the home is 17 years old.
|
Most real estate agents are happy for a seller to spend their own money for improvements and/or upgrades. It makes it easier for them to sell the house. But, remember that it is a conflict of interest because the agent benefits at your expense. I actually knew a seller who replaced laminate countertops with granite because their agent told them to do it. The only way I would spend a significant amount on improvements is after I tried and failed to sell the house without the improvements. A new roof is a huge expense to pay on a house that you are trying to get rid of.