There is a lot that goes into purchasing a home, and important details such as the condition of a roof can get overlooked if the buyer is not careful. This review discusses what you should know about purchasing a home that needs a roof replacement to ensure that you notice unresolved issues with the home’s roof before closing and that you do not spend more than is necessary on the replacement.
Roof Replacement May Be Required Before Your Mortgage
A home insurance policy is required for mortgages, and lenders are not likely to release the funds for the home until a homeowner insurance policy is obtained. Home insurance providers typically will not cover a home that needs a roof replacement or place conditions upon the policy.
Therefore, if a home inspector or roofing professional determines that a roof is not in ideal condition and that it needs replacement, then it can significantly delay the closing on a home.
A Roof Inspection Is Encouraged Before Buying A House
The seller is often obligated to cover the cost of a roof replacement that is necessary. Otherwise, you (the buyer) may not want to proceed with the home closing. However, if issues are detected after the closing process, then you may be responsible for the cost of the roof replacement.
Therefore, before purchasing a home, it is important to verify and ensure the roof is in optimal condition. A home inspector typically only examines the roof from the ground, and a roof inspection from a roofing professional is often a more reliable way to confirm the roof’s condition.
The Cost Of A Roof Replacement Can Be Negotiated With The Seller
Once the home is sold, the homeowner is most often responsible for any issues that were not detected and addressed during the home closing process. If the need for a roof replacement is detected before closing, then the cost of a roof replacement can often be negotiated.
The buyer may be able to negotiate a reduced cost to budget for the roof replacement or to have the roof replaced before signing. If the seller is in charge of replacing the roof, then the buyer should ensure it is replaced by a licensed and experienced roofing contractor.
There Are Several Key Indicators That A Roof Replacement Is Necessary
If there are any concerns with the condition of a roof, then it is encouraged to have a professional roof inspection (in addition to the routine home inspection) to ensure the roof is in optimal condition. Several signs that indicate the roof may need replacement include excessive age, signs of damage, and signs of water inside the home.
The Roof Is More Than 30 Years Old
The lifespan of a roof varies depending on the type of roof, the quality of the installation, the area the home is in, and how well the homeowner maintains it. The lifespan can range anywhere from 15 to 40 years. While age is not the only indicator of a condition of the roof, the older the roof is the more likely it is that a replacement is necessary.
In general, roofs that are more than 30 years old are most likely to require replacement. So, if you are considering purchasing a home that is more than 30 years old that still has its original roof, then a roof inspection is recommended.
The Shingles Show Signs Of Damage Or Deterioration
If there are any noticeable signs of damage to the roof, then a roof repair or replacement is necessary. Many signs of damage are noticeable from the ground. As mentioned, home inspectors only inspect the roof from the ground. If there are any concerns with the roof, then it is important to order a professional roof inspection.
The most common types of deterioration and damage include worn-down and warped shingles, singles that are sagging, and signs of moss. There may also be asphalt granules in the gutters and downspouts from the deteriorating roof shingles as well.
There Are Signs Of Water Damage Inside The Home
One of the primary purposes of a roof is to keep water out of your home. If you notice any stains or discoloration on your roof, water damage in the attic, or an obvious leak coming from the roof, then it is important to have the roof properly inspected. If left untreated for an extended amount of time, it can lead to severe concerns such as mold growth inside your home.
Order A Roof Inspection With Adelphia Exteriors
The roofing professionals here at Adelphia Exteriors offer roof inspections. We can also repair and replace your existing roof if necessary as well. Whether you are selling your existing home or purchasing a new one that has water damage and want to ensure the roof is in optimal condition before closing, a roof inspection can help. Contact us online today to get started.