Originally Posted by Papa_lecki (Post 2378030)

Did your realtor put in the description on realtor.com “new roof”?

You can search it - you’ll get something back, according to here, it’s about 56%. I would guess 40 to 50% of the value will be returned.
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#10 Roofing Replacement (Asphalt Shingles)
Average return at resale: 56.9%

Roof replacement is an inevitable long-term cost of homeownership, particularly if you own an older home with a neglected roof. Replacing a roof with 30 squares of fiberglass asphalt tiles costs an average of $30,680, and you can make an average of $17,461 back at resale.

Fiberglass asphalt shingles are usually less durable than materials like slate or metal, but they are more affordable and one of the most popular types of roofing material you’ll find on homes. The shingles come in a variety of colors, allowing you to pick a tone that boosts curb appeal and best matches your home’s exterior. Other considerations are the wind rating and impact resistance of the shingles, especially if you live in an area that often sees high winds and hail.

Originally Posted by Snakster66 (Post 2378034)

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.

Originally Posted by retiredguy123 (Post 2378306)

I agree. Replacing your roof is the most expensive maintenance/upgrade you can make. Doing this just to sell a house is a financial mistake. For the same amount of money, you could replace the HVAC system, water heater, washer and dryer, and every appliance in your kitchen. Or, you could do a complete kitchen renovation. Or, you could replace all the flooring. Any of these things would make it easier to sell your house because that is what most buyers look at.

Originally Posted by ithos (Post 2378326)

I don't think older appliances are going to prevent someone from obtaining home insurance. A roof near EOL definitely will make it much more difficult. Unless you find buyers who are woefully uninformed about the new policies, it will be a big factor.

Why would anyone buy a house where there is a concern about obtaining insurance? Only if you gave them an incredible deal.

The AC is a good point. If you replace it with a 410A condenser, then you will have at least 15 years before they have to worry about a new one. There are already approved alternatives for 410A refrigerant which is being phased out. After 2025 it will be much more difficult to find 410A condensers which means you may have to replace the inside unit too. That costs almost as much as a roof.

Originally Posted by EatthMama (Post 2378249)

You will have a tough time selling a house with a 15yr old roof. What I have done with clients in the past is state in thr MLS listing that the roof will be replaced with a signed contract. Then I have the roofer agree to replace the roof and get paid net 30 so it comes out at closing. This way nothing comes out of your pocket and the new owners are thrilled with an insurable roof.
Since most people make a nice profit off their homes in TV, the extra for the roof seems nominal.
Happy to help you if you aren’t already working with an agent and your house is south of 466.

Originally Posted by CFrance (Post 2378331)

What does "net 30" mean?

Originally Posted by CFrance (Post 2378331)

What does "net 30" mean?

Originally Posted by Two Bills (Post 2378338)

I would hazard, that seller has $30k deducted from after sale figure, to renew the roof.
Sounds like the agent has a pet roofer on the books, putting a little more icing on her already costly cake.
Sure as heck, in a position where a new roof was last resort, and imperative for a sale, I would find my own cheapest roofer.

Originally Posted by retiredguy123 (Post 2378342)

I agree with everything, except the "30" refers to days, not dollars.

Originally Posted by CFrance (Post 2378331)

What does "net 30" mean?

Originally Posted by EatthMama (Post 2378249)

You will have a tough time selling a house with a 15yr old roof. What I have done with clients in the past is state in thr MLS listing that the roof will be replaced with a signed contract. Then I have the roofer agree to replace the roof and get paid net 30 so it comes out at closing. This way nothing comes out of your pocket and the new owners are thrilled with an insurable roof.
Since most people make a nice profit off their homes in TV, the extra for the roof seems nominal.
Happy to help you if you aren’t already working with an agent and your house is south of 466.

Originally Posted by Two Bills (Post 2378038)

If I were a prospective buyer, and looked at, or was considering a property with a 15yo. roof in TV, I would definitely make any offer reflect replacement cost, whatever the asking price was.
Take it, or leave it.
Not in same category as some snagging or cosmetic upgrades regarding property condition.
JMTC.

Originally Posted by Velvet (Post 2378062)

Wow! You and I really differ. My first consideration when buying a house, was the location of the home, near to what, and it’s elevation. Those things I cannot change. Roof is easy to change.

Originally Posted by Snakster66 (Post 2378034)

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.