Zillow Advice: Pricing - Adding a new roof, suburban Chicagoland area http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ Zillow Advice | Zillow Real Estate A new roof doesn't give a ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ <p>A new roof doesn't give a very good return because it is a maintenance item that buyers expect to be in good condition.&nbsp; (A bad roof will stop all sales).<br/><br/>But, to get a clue on the value added, after you've claimed your home on Zillow, you can tinker with the "Owner's estimate" to get some ball park numbers.</p> Fri, 18 Feb 2011 20:17:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-18T20:17:00Z My roof was also 24 years ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ My roof was also 24 years and I did not see any hail damage.<br/>Only the trained hail roof specialist that circles the little marks and who pays the bills by convincing the insurance adjuster that the company owes the homeowner a new roof may be able to find the little nicks from the hail.<br/>You have nothing to lose. Sun, 20 Feb 2011 16:50:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-20T16:50:00Z I'm the home owner &amp; ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ I'm the home owner &amp; wanted to respond.<br/><br/>Thank you for your responses.&nbsp; I have had a professional home inspection.&nbsp; I don't have leakage, damage or mold. My roof is not in disrepair, it is 24 years old and it's time&nbsp; to replace it.<br/><br/>I did use the Zillow home repair calculator which was very helpful.&nbsp; Sun, 20 Feb 2011 02:16:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-20T02:16:00Z Perhaps a hail storm went ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ Perhaps a hail storm went through in the last year, like it did in my neighborhood? About 10 of us are enjoying our almost free roofs, which is an incredible return on investment. Call a roofing company that specializes in hail claims and have a free inspection done. Its worth a try. Sat, 19 Feb 2011 19:02:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-19T19:02:00Z Roofs that were maintained ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ <br/>Roofs that were maintained properly and missing shingles replaced immediately after every storm can actually last for a long time with no or a very little damage.<br/><br/>Regardless of the age of your home, the fact that you are entertaining the thought that the roof should be replaced tells me it&nbsp;is not&nbsp;in&nbsp;the best condition - the home inspection would reveal that.<br/><br/>It means that even if you receive an offer and ratify the contract, buyer can void the contract based on the home inspection or request money to replace the roof - big money if mold is found. I suggest that you do check the attic for mold because it can create problems for you if found.&nbsp;&nbsp;<br/>&nbsp; Fri, 18 Feb 2011 23:48:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-18T23:48:00Z A new roof will make your ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ A new roof will make your house more attractive to buyers, because its a "big ticket" item&nbsp;that will be one less worry for a new buyer.&nbsp;An older roof will be used against you in negotiations. As for a return on the investment if your trying to sell? I would say you wont get much of it back. Your better off pricing it right, and know that the roof is going to need replacing. Fri, 18 Feb 2011 21:40:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-18T21:40:00Z A new roof will not increase ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ A new roof will not increase the value of your property, but it may help in getting an offer. Most buyers do not want to do any work and even if they are willing to they usually do not have the $$$ for a down payment and $$$ to do much work. Fri, 18 Feb 2011 21:05:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-18T21:05:00Z Is your home over 10 years ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ Is your home over 10 years old?&nbsp; Do you know the roof is in poor shape? <br/>If yes, you shoud replace, and I agree with wetdawgs that using the valuation program in Zillow is a good place to get an answer to your question.&nbsp; I also agree with Ryan that a good roof is a must for a sale, but will not necessarily raise the value, but secure a reasonable value for your home.<br/><br/> Fri, 18 Feb 2011 20:49:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-18T20:49:00Z Good afternoon seller,A roof ... http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ Good afternoon seller,<br/>A roof in good condition is a necessary item. &nbsp;The value can best be explained as:<br/>Bad roof equals about 1.5 to 2 times the price of the roof deducted from the current perceived value of the home. &nbsp;If you don't replace it, the buyer will ask for replacement or a credit that will likely be more than what you could have it done for provided that you shop effectively for the job.<br/><br/>So, the new roof doesn't necessarily make your home more valuable, it just makes it&nbsp;sell-able&nbsp;for what the real market value is.<br/><br/>If you need some good contractors to quote the job, let us know. &nbsp;We have weeded through herd and have some good ones to recommend.<br/><br/>Best,<br/><br/>Ryan Gossett<br/>[contact info removed by moderator] Fri, 18 Feb 2011 20:21:00 GMT http://www.zillow.com/advice-thread/Adding-a-new-roof-suburban-Chicagoland-area/387476/ 2011-02-18T20:21:00Z