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does your roof leak?
have you had any bad storms that would have caused damage--even if the roof is older?
(it is not original but was installed years before you bought the home---is that correct?)
If your roof will pass inspection then you are not helping yourself by taking out loan to get it replaced IMO
where does your insurance stand on this?
does your roof leak?
have you had any bad storms that would have caused damage--even if the roof is older?
(it is not original but was installed years before you bought the home---is that correct?)
If your roof will pass inspection then you are not helping yourself by taking out loan to get it replaced IMO
where does your insurance stand on this?
No, the roof doesn't leak. I was looking at it again yesterday and it doesn't look bad. If you look closely you will see some of the shingles beginning to curl and the color has faded. But we've never had problems with leaking. We've just been told it's time to think about replacing the next 1-2 years but since we hope to sell next summer, we're wondering if we should get it done sooner. We never talked to our insurance company because it's just general wear and tear. (Home owner's insurance doesn't cover general wear and tear, correct?)
Gutters are obvious, so go ahead and replace, and get several bids, so you know the best price to pay for the roofing, and keep those prices, and do not fix, as the buyer could ask for, and then by knowing the prices,you could negotiate for the allowance. How knows, could possibly not be an issue, and even ask for less than your estimate.
I would put on a new roof, and new gutters. When a house looks like its well maintained its going to get more possible buyers, then one that needs repairs. If the person buying the home doesn't have the money to put on a new roof, just because you lower sell price it doesn't help. It does lower payments but they still need a new roof. I personally wouldn't even consider a home that I had to replace the roof on, when moving to a new home I want things to be done, home cared for if not, I would rather buy one that is. My opinion only. I have owned 6 homes so far.
If you are in a buyers' market, then replace it before putting on the market. Have it done by a local reputable company who will offer a good workmanship warranty. We did ours ($10K) in Denver in 2010. With 63 showings and 26 open houses you can guess what the market was. Buyers want everything to be simple. First time buyers, especially, are terrified of anything unusual.
If you are in sellers' market, then go the escrow route. Let the buyer do it. Our kids did this last year in Denver post inspection when they put an offer on a house in a very hot sellers' market.
OP, whether gutters or roof, many of these companies offer some kind of financing that is secured against the home (without closing cost). Some may even have 6 months payment free. The smaller and more competitive companies less likely to offer this. Ask when you get bids. Actually, ask everyone you know who they recommend.
Pretty sure the OP is not going to see your post. This thread is from 2008, so I'm pretty sure the issue was resolved. The OP has not posted anything here since 2013. They have left the building.
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