Before putting your beach house on the market, you might be questioning whether it requires a roof replacement. Glenn Phillips, CEO of Beach Homes Realty, provides insights on determining if your beach property is in need of a new roof.
- Your Beach Home Needs a New Roof. If your property needs a new roof, here are some things to consider:
- New Roof Does NOT Increase Value. Buyers assume the house already has a good roof, so pricing isn’t a factor.
- Old Roof Decreases Value. An old roof brings down the home’s value, not vice versa.
- Lenders May Require a New Roof. A home inspection may reveal that the house needs a new roof anyway. This then becomes part of the requirements for you to be able to list the property.
- Your Choice: Spend or Discount. The reality is that you won’t get your money back for a new roof. So, you can either spend the money for a new roof or discount the price appropriately.
Keep these tips in mind when preparing to sell your beach property. While these tips may not particularly apply to condos, they are important when selling homes. Visit beach-homes.com to connect with expert beach agents who are ready to sell your home.