Property values being held back by roof condition.
Yes, the condition of your roof affects the value of your home.
There is an on-going debate every homeowner goes through when it’s time to sell. What can I do to increase the value of my property? You may be tempted to hire a landscaper, or give the place a quick lick of paint, but what about the roof? Sure, it protects everything underneath, but is it worth the investment?
The answer is a resounding ‘yes’.
Christina Penrose is the Managing Director of RE/MAX Profile Real Estate, and has been selling homes in Bardon and Greater Brisbane for over 20 years.
“The condition of a roof is critical to a purchaser as it protects their largest asset,” she says. “They will invariably allow more than the actual cost [of replacing the roof] when they are doing negotiations.”
There are many reasons for this. The thickness of your roof is a scant few millimetres, and leaking roof cracks often go unnoticed. Buyers are factoring in the risk of potential hazards in the investment they’re about to make, and the fear of water-damaged roof rafters is a bitter pill to swallow.
Even if your roof just looks old, it’s a major liability, as it will often create doubt in a buyer’s mind beyond the value of the repair.
It’s in your best interest to get a quote for your roof.
So what advice does expert real estate agent Christina Penrose say if you’re on the fence?
‘If a seller didn’t want to replace a roof, it would be in their best interest to have a quote,’ she advises, as it’s useful information to have on hand. A new roof, or a roof restoration, might cost less than you think.
Renewing your roof can increase the perceived value of your home by thousands of dollars. Some of the larger and more reputable roofing companies like Allied Home Improvements also offer competitive payment plans and roofing deals with ‘No Interest Ever’. This would make a good pre-sale investment even more affordable.
Even more so when it comes to asbestos.
“If the roof is made of Asbestos, that can put off a lot of purchasers who don’t understand there are professionals that can safely handle the removal as required,” reports Christina. This can put off scores of potential buyers and “ultimately may affect the sale price”.
Asbestos was very common in pre-1990 Australian homes and wasn’t outright banned until 2003. While used mostly for roof sheeting and guttering, Asbestos can also be found in your roof’s ridge capping or under the eaves. Undisturbed, you’re unlikely to be at risk, but breathe in airborne Asbestos and you’re taking your life in your hands. This is why companies that remove asbestos must hold an asbestos removal licence and do special training to legally remove an asbestos roof.
There are multiple ways to add value to your home.
Allied Home Improvement can offer you two ways to add value to your home.
- A clean and paint of Dulux’s durable roof membrane that seals and protects your roof.
- A full structural inspection and rebuild with long-lasting and hard-wearing Colorbond steel.
For a free roof quote and monthly repayment estimate, contact Allied Home Improvements now!