Talk of The Villages Florida - View Single Post - New roof and resale value
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Old 10-12-2024, 10:04 AM
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Quote:
Originally Posted by Snakster66 View Post
Not sure who you are talking to, but I just bought in the last month. I was deep in the market for 6 months. Age of roof was one of the first considerations in EVERY house I looked at. A new(er) roof was a huge advantage in my (a buyer) eyes.

To the OP. As a buyer I didn't look at a new roof as something that increased the value of a house. I looked at an old roof as something that decreased the value of a house, I factored in a roof replacement cost in MY valuation of a potential purchase and adjusted target price accordingly. When I shopped for insurance on the house I bought, THEY were certainly interested in the age of the roof.

Absolutely! Buying a house with a roof more than 8 years old is just buying someone else's trouble. There are enough homes on the market where you can exclude those and not have to worry about replacing or having insurance issues.