Just as in selling a home, there are numerous things to take into consideration when buying a home. If you find a home you love, it is extremely important to have a home inspection performed by a qualified contractor to determine if it is worth it for you to make such a large investment. Unless it is a brand new home, chances are there will be a list of items suggested by the inspector that need to be addressed before purchasing the home. You can ask the seller to repair things on that list or lower the purchase price of the home to cover the cost of repairs. So what happens when the inspector tells you that the home you are thinking about buying needs a new roof?
Before you decide to move on to another house, keep in mind that you have several options, and that you have some negotiating power in this particular situation. Insurance companies typically won't issue a policy on a home with a roof that is at the end of its lifespan, and most mortgage lenders require homeowner's insurance before approving the loan. That results in the seller only being able to sell the house to someone who can pay cash, and they would have to discount the sales price of the home significantly. It is in the seller's best interest to work out a deal with you to replace the roof, especially because the same issue will come up with anyone else interested in buying the house. Your options at this point are:
Don't let a bad roof cause you to change your mind on a home you are interesting in buying. Ask your realtor to help you figure out the best way to move into a home with a brand new roof that will last for years to come. At Bill White Roofing and Specialty, we will be glad to help you in any way we can.
If you're planning on selling your home, you probably have a mile-long list of things that need to be taken care of in order to get the most money out of the sale. When someone is looking to buy a home, one of the biggest expenses they worry about is whether they are going to have to replace the roof in the near future.
If your roof has a huge gaping hole in it, then you already know you're going to have to replace it before selling your home. Most homeowners, however, are faced with a less obvious decision to replace the roof before selling, and find themselves asking questions like: Will replacing those shingles help me sell my home? Do I really need to repair my roof or can I sell it as is? Do potential buyers really care about the moss on the roof? If you find yourself in this second category and are having trouble making a decision about your roof before putting your home on the market, you definitely need to have a roofing contractor do a thorough inspection to assess the overall condition, scope of repairs needed, and the projected lifespan of the roof if left alone. If the roofing contractor determines that a roof replacement is necessary, then you can consider the following things before making a decision:
Be sure to discuss your options with a professional roofer as well as your realtor. As discussed above, there are numerous factors that will be in play when it comes to selling your home. The best decisions are always educated decisions, and you don't want to spend more money than you have to. If you are in the Birmingham area, give Bill White Roofing and Specialty a call for roof inspections, roof repairs, or roof replacements.