Get all your news in one place.
100's of premium titles.
One app.
Start reading
Everybody Loves Your Money
Everybody Loves Your Money
Business
Evan Morgan

Your Roof Needs $15,000 of Work — Repair It or Start Thinking About Moving?

Man Working On Roof
A $15,000 roofing estimate may look like a reason to move, but selling can introduce commissions, concessions, moving expenses, and a roof-related price reduction. Homeowners should compare the total costs of staying and selling before making the decision. (Pexels).

A $15,000 roofing estimate can make even a homeowner who loves their house wonder whether it is time to leave. Before calling a real estate agent, however, remember that moving carries costs of its own, and a damaged roof does not disappear financially just because you list the property.

The smarter roof repair decision depends on the roof’s age, the type of damage, your insurance coverage, your home equity, and how long you expect to stay. In some cases, spending $15,000 protects an asset worth hundreds of thousands of dollars; in others, it may be one expensive warning that the house no longer fits your budget. The key is comparing the full cost of staying with the full cost of leaving.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.