If you have a minor problem that’s focused on one area, a roof repair may be the way to go. This could save you a lot of money in roof replacement costs while still ensuring that your roof is in good working order. If you use a reliable roofing company, you should get a guarantee with the work, which you can pass along to the new homeowner, easing any worries that they may have.
The real problem comes when you have extensive damage. Should you repair your roof? Replace it? Leave it? What if you can’t get your money back?
According to the 2022 Cost vs. Value Report, a roof replacement has a 59.6% return on investment. This has been steadily declining since previous years. This means that you’re likely to spend more money on replacing a roof than you’ll make back on an increased selling price for your home.
A new roof can increase your home value, but you likely won’t see a 100% return on investment.
If you decide to leave your roof as is, it will likely factor into the selling price and negotiations. Some people may be willing to take on the project, and they just want the costs reflected in the selling price. Other people will want to change the negotiation so that you need to repair or replace the roof before closing. And some people may just walk away from the hassle of it.