There are many considerations to make before you sell your commercial property, including the status of your roof maintenance. Your roofing system is a valuable part of your commercial building, and buyers will definitely have questions about the condition of the roof before they make an offer.
Here are a few tips on how to prepare your roof before putting your building up for sale:
1. Estimate your roof’s lifespan.
A roof’s lifespan is the one figure that potential building buyers are most interested in. Buyers will want to know if they are buying a building with a relatively new roof or one that will need to be replaced soon after purchase. If you’ve been keeping up with regular commercial maintenance, you should have a general idea of how many more years your roof has left. If your roof is relatively new and in good condition, that can be a major selling point for the building.
2. Research your roof’s material.
Different types of roofing materials have different lifespans, maintenance needs, and purposes. Potential buyers will want to know what type of roof the building has and what that might mean for their business. Doing some research before putting a building up for sale can help you prepare for any buyer questions and identify possible selling points. For example, a buyer may be interested in a metal roof for its longevity or they may prefer a flat, light-colored roof for energy efficiency. Find your roof material’s advantages and make sure to market them.
3. Get your maintenance records in order.
Buyers will also want to know that they are making an investment in a well-maintained building. Maintenance is absolutely critical to care for the roof and reduce the need for emergency commercial roof repairs. Having your maintenance records available for buyers to review could give them more confidence in their purchase. If you don’t have well-kept records but have worked with one company for roof maintenance, they may have a log of the visits and fixes your roof has had so far.
4. Touch base with your roofing contractor.
No one knows your roof better than your trusted roofing partner. Your roofing contractor may also be able to perform a pre-sale inspection to let you know what repairs or maintenance you should implement before the building goes up for sale. If you’ve kept up with a regular maintenance program, then the ability to pass off a trusted contractor to the new buyer may also give your building a competitive advantage in the market.
If you’d like to proactively invest in roof maintenance before selling your commercial building, call Maxwell Roofing & Sheet Metal today. Our team of experts is ready to help answer your roofing questions as you prepare your commercial building for sale.