Roof Replacement or Not
Our home is only 7 1/2 years old located in a rural area of Louisiana on 0.93 acre lot. It was built by Jim Walter Homes, but we bought it as a foreclosure 5 years ago. Our Realtor told us that since the house was practically brand new that we really didn't need an inspector. Being a first time home buyer, my husband and I went along with it. A couple of months ago, we had a severe wind storm that pulled off some of the shingles. We contacted our insurance and a roofer. The roofer told us that the shingles were not installed correctly on our home and that the whole roof would need to be replaced in order to do the roof correctly. The insurance adjuster told us that we didn't have a claim since it was due to poor workmanship.
Our roof has since been repaired but has not been replaced. We are wanting to put our home up for sell around this time next year. Our house is currently worth $159,900 and a new roof would cost over $14,000 for shingles and labor. Since we have an Acadian style home, we could put a metal roof on our home, but I am not sure if it is more expensive for that or if that decreases value. Could we put the home for sale as is with a lower than market price or is it worth it to get the roof totally replaced? Would it hurt us if we chose not to replace the roof? Does it raise the price of the home if it gets replaced? This would our first time selling so I am just curious.