As we also repair roofs, we have no reason to hide what repair really costs. Here are the numbers first. All are construction costs, and vary with floor area, roof shape and scaffolding conditions.
- Spot repair (sealing the way in, patching flashing, etc.)from a few hundred thousand yen
- Re-roofing (tiles, snow measures)¥2–4.5 million
- Seismic reinforcement (walls, hardware, foundation)¥2.5–7 million
Switching from tiles to a lighter roofing when you re-roof gives more margin against the weight of snow and helps in earthquakes at the same time. Roof work needs scaffolding, so doing the outer walls and gutters at the same time gets more for the money. Our order when repairing a house is roof, structure, insulation, plumbing, interior. Finish the interior before the roof and the leak stains the ceiling you have just finished.
So, should you repair before selling? As a rule, we advise against it. Three reasons.
1. The repair cost does not necessarily go onto the sale priceSpend ¥3 million re-roofing and the buyer does not pay ¥3 million more. What the buyer looks at is not how new the roof is but whether they can live in the house, and the going rate around it. With a new roof but an old ceiling and tatami, it is still seen as a house that needs renovating.
2. Stopping the leak does not remove the duty to discloseSeal the way in for a few hundred thousand yen, and the fact that the roof framing got wet and discoloured remains. Selling through an agent, you disclose it. "Repaired" and "undamaged" are different things, and buyers look at that.
3. The time for the work and the time to sell both add upRoof work needs time for design, quoting and construction. Then you list the house and wait for a buyer. All the while, property tax and management costs continue (upkeep of a vacant house is roughly ¥150,000–400,000 a year).
Our purchase is those three turned around. The seller's cost is zero, and there is no brokerage fee. Handover in as little as two weeks from the site survey. No clearing out, and liability for defects after handover is waived. In return, our price is lower than a brokered sale would fetch, because we, as buyer, take on the repair cost, the risk of not selling and the clearing out. We do not hide that.
For some people, repairing before selling is the right route. Those whose family may go on living in the house, or who want to sell through an agent even if it takes time. Then we help as the contractor doing the work. The overall costs are in renovation costs. Whichever route, the first step is the same: find out what the house fetches sold as it is. Only with that number can you work out whether ¥3 million of work pays.