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Branch Rickey, the great Brooklyn Dodgers General Manager, was best known for integrating baseball by taking the first step of signing Jackie Robinson. Rickey also had a philosophy that it was always better to trade an older player a year too early than a year too late. This also applies to your home.
The underlayment starts to go on homes usually between the 20-25 year mark. If you live in a subdivision like we do (more important if the homes are built at the same time), it’s best to sell your home before the first shot is fired. That means at the 16 to 18 year mark. Insurance costs on roofs are also going up at the 10-15 year mark so people may become cognizant of it even earlier. If your home was built between 2002-2006, that means you. Homes in Mirabella, Mirasol, The Isles, Abacoa, Frenchman’s Reserve, Evergrene, and more are all coming up. There was a massive building boom 23-25 years ago so roofers are going to be crazy busy in a few years with roof replacements. The reason you want to sell early is because Buyers are emotional. They buy kitchens and baths and pools. Roofs are meh! But, they are expensive. The extra net profit of selling early is the cost of the roof and that’s $25,000 + pocket money for you, depending on the size of the house. But once the first few shots of roof replacements are fired, your opportunity is over. As with pregnancies, there is something in the water and everyone starts to replace at the same time. So here are a few tips for once you hit that roof mark on changing the façade of you home.
Jeff Lichtenstein is owner and broker of Echo Fine Properties, a luxury real estate brokerage selling real estate in Jupiter and homes in Palm Beach Gardens, Florida. He has 20 years of real estate experience, has closed over a 1,000 transactions, and manages over 50 agents in a non-traditional model of real estate that mimics a traditional business model. Some publications he has been quoted in.
Feel free to ask him a question directly at [email protected]
Posted in Jeff's Journal, Real Estate Tips, Staging, design, and open houses on August 14, 2021 at 8:58 am.
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Echo Fine Properties, winner of Best Brokerage of the Palm Beaches in 2020, 2021 and 2022, is located in Palm Beach Gardens, Florida. We are a family-owned local brokerage that prides itself on having the finest full time luxury real estate agents who know the area backward and forward. Each agent is hand selected to join us for their knowledge of the area including golf club communities, gated communities, equestrian and ranch estates, condominiums, and waterfront and boating estates. Echo is unique in real estate in that our company pays for all marketing, advertising, and all support which is handled in-house. WE PAY, which lets the agent concentrate on our customers. Unlike other firms, agents never have to compromise the marketing budget. Our Home ECHOnomics Guarantee offers an unheard of 57-promises. This website consists of 5 separate MLS feeds, giving 100% accuracy ranging from Miami to Fort Lauderdale to Palm Beach to Martin County.
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