The roof should have a remaining physical life of at least two years.
Roof allowance for end of life roof.
Not much but let s see how we got here.
It is certainly possible that a tile roof could last 40 years.
Depending on the materials a roof could last longer than the average around 25 30 years.
If the roof has less than two years remaining life then the appraiser must call for re roofing or repair.
As for the roof allowance being a credit one of my main points was the financing issue.
13 9 years white roof.
A roofer we trust told us we will probably get another 2 to 4 years out of it at most.
A professional home inspector paid by the buyer will check everything from the base of the foundation to the tip of the chimney additionally looking for wood destroying insects mold asbestos and the presence of radon gas.
If i spend 800 on repairs now will i regret that in two years when they take the entire roof off and throw it in the trash.
For a roof that is nearing the end of its life you might need to ask yourself this discerning question.
These can wreak havoc on your roof so tend to them quickly.
Clean these areas frequently to avoid roof rot and other damage.
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20 years start with the expected roof life and the white roof system has the lead right out of the gate.
Asphalt shingles composite shingles metal roofs and other materials all have different life spans.
Yes this is an expense to the seller but essentially they are just having the buyer finance it into their loan by not reducing the price.
Home inspection home repairs seller credits seller credits for closing costs seller credits to closing costs this entry was posted on monday march 2nd 2020 at 8 49 am and is filed under underwriting rules you can follow any responses to this entry through the rss 2 0 feed.
Unknown rot or weak.
Expected roof life asphalt roof.
So if a home inspect tells a potential buyer next spring the roof has 1 or 3 years left what would the buyer expect if anything.
Unless the appraiser can assure there is reasonable life left on the roof it will need to be replaced before closing.
Following the end of attorney review a buyer will schedule a physical inspection of the house.
The appraiser must clearly state whether the subject is to be repaired or re roofed.
Fluctuating temperatures in the winter can lead to partial melt and refreezing which creates ice dams.
After storms tree branches and other debris can build up on your roof.
The cost of a roof to be credited.
The truth is it really should ve been at more like 27 years.
And weatherization plays a large part in determining how often roofs need to be replaced.
My personal home has a tile roof and it went 32 years before needing to be replaced.
