Here's a question for you: if a house for sale needs a new roof and the sellers commit to having that done, is it realistic for them to expect buyers to pay more for the house? How much more - the entire cost of the roof? Half?
This recently came up for me & my buyers, and I can somewhat see both sides of the question. Certainly there is real value in knowing that a brand new roof is in place and new buyers won't have to budget for a major expense like that for a good long time.
But it also seems entirely reasonable to expect there to be a functional roof on the place - even lenders tend to frown if the roof isn't going to make it through the next winter without leaks.
So what do you think? Should the sellers expect to now get a higher price for the house since they will need to spend more money for a roof, or should they just chalk it up to normal and necessary maintenance (even though of a costlier variety than needing new caulk around the tub!)? And you appraisers on Active Rain - how do you view it? Do you add value for a new roof? How much?
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