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Money Matters
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Old 01-22-2013, 07:38 AM   #1
Mark M
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Install a new roof if planning to move ???

Question.

1988 construction, duplex 3br 1.5bath home w 2 car garage. Original roof, 25 years old. No leaks or probelms...just age.

New roof quote $6100.

The rest of the property has been well kept, new appliances, new flooring, recent decor, recent water heater, annually inspected heating/cooling system works well, property shows well.

Would you have the roof installed if you were planning to move in the next 12 to 18 months? Or would you bank the money towards down payment on the new home and discount the current property when pressed by potential buyers?
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Old 01-22-2013, 07:51 AM   #2
cityjohn
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Originally Posted by Mark M View Post
Original roof, 25 years old. No leaks or probelms...just age.
I'd let that sleeping dog lie. I don't think it's one of those things where waiting could make it any worse.

It's like replacing tires on a car you're selling. Buyers can see the condition for themselves and decide what kind they want and where they'll buy them.
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Old 01-22-2013, 11:53 AM   #3
SLVR JDM
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I wouldn't waste the money if the rest of the property is kept well. You won't get a dime back. The buyer will know it is an expense to be dealt with and can make an offer accordingly. It may help it sell a little faster if that is the only downside of the house, but you won't get any higher price for it.
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Old 02-22-2013, 07:04 AM   #4
Vin Vega
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I know this is a month old thread, but I'd just re-shingle it. Should cost much less to have new shingles installed over the existing, and you will still be able to list the house as having a new roof.
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Old 08-01-2013, 02:09 PM   #5
dynamictype
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In the same bind, realtors suggested a fence from their contractor. I was like no way am I paying that much for a chain link fence. Lowes came in lower with a 6 ft privacy fence. Since I could not fly in I asked the realtor to help Lowes with the actual property lines, she said her responsibility was sales and market not fence installation, lol. So I said well include the fence in the purchase price versus me paying for it and the price stays the same.
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