Moreover, many buyers will not buy a home that needs a new roof.They will worry the work involved will cost more than what they anticipated.
I've spent a lot of time and money doing exterior remodeling of my home, plus a sizeable remodel of the master bath. We have fairly new appliances, but the counters and cabinets probably need replacing. Answer: This is one of those questions where the answer depends on variables such as condition of competing inventory, whether it's a hot, cold or neutral real estate market and the likelihood of return on investment.
However, the rest of my 22-year-old home needs attention inside. In my experience, many sellers put way too much money into fixing up their homes for sale.
A buyer for this type of home might offer $75,000, or even less.
In this scenario, a seller would be smarter to pay for a new roof and sell the home for $100,000.
If an upgrade won't return the investment, such an improvement might not be warranted.