House buyers often look for a home with the best possible condition at a low price. When they see or hear of roof damage, they most likely move on and continue their search. The question is, should roof issues scare you off, or an opportunity for you to negotiate and save money?
Before making your final decision, answer these questions and consider these factors:
1. How Serious Is the Damage?
Determine the extent of the damage. If a storm or hurricane has blown them off, you can have the shingles replaced. Take note, though, that some roof damage can be more severe than they appear. You may end up paying more if other issues occur, such as insulation, ceiling drywall, or even structural replacement.
During the inspection, look for professionals near you and ask for a quote. If you’re willing to shoulder the expenses and need roofing help in Indianapolis, make sure the contractors you’re dealing with are experienced and always ask for hidden charges. To find reputable contractors, ask for recommendations from the people you know, or search online.
2. How Will You Pay for the House?
If you plan on using a Federal Housing Administration (FHA) loan to finance the house, the down payment is lower and doesn’t need high credit scores, unlike other conventional loans. But the house should be in its livable and insurable condition to be approved. Also, you should have secured property insurance before closing.
To get property insurance, the insurance company requires a four-point inspection, such as the plumbing, electrical system, HVAC, and roof’s condition and life span. They can’t often insure it if the roof has a life expectancy of three years.
3. Old Roof
Nothing should stop you from buying it if it’s just an old roof. A roof may last depending on the materials and weather in the area. Clay or concrete roofs can last up to 100 years; slate and copper roofs can last up to over 50 years, while woods can have a life expectancy of 25 years.
The installation also plays a vital role in a roof’s lifespan. Shoddy installation can mean roof replacement after several years. During the inspection, ask the seller how old the roof is and check the gutters to ensure the drainage systems are in good condition.
If the roof has minor damage because of storms or other natural disasters, you may negotiate the price of the house and pay for the repairs. You may reach out to Trojan Roofing for roof repair Indianapolis, IN area if you’re nearby.
The Final Decision
First, gather essential details about the house. Know or ask the homeowner how old the roof is. If you can, ask for any documentation to prove. Inspect the roof and attic yourself, then get a second opinion from a professional roofing company, such as Trojan Roofing. Trojan Roofing does storm damage roofing repairs and services in Indianapolis.
Ask what repairs are needed and an estimated cost. After knowing the overall condition of the roof, make an offer. Consider the total cost of the repairs or replacement, if necessary, on top of the house’s price. Ask the seller to shoulder the repairs or replacement or take care of it, but negotiate the total cost of the house.
If the seller is not open to negotiation on roof repairs and price point, it’s time to walk away if you see the following roof conditions:
- Water stains on interior walls that are due to excessive water damage.
- Sagging roof due to structural damage
- Moisture in the attic space, which could result in poor ventilation issues.
The ultimate decision is still up to you. You can proceed with the purchase if you love the house, its location, weather conditions, etc., and the only issue is the roof.