When purchasing a new home there are several areas that could end up costing or saving homeowners a lot of money, time, and headaches the biggest being the roof. The roof is one area of buying a new home you cannot see on a home showing and is often forgotten about.
Having the roof of a potential new home properly inspected by a local roofing company who understands the materials and conditions that affect roofs should be a top priority. Not only will a roof in poor condition affect the value of a home it will also affect the insurance rates for the home purchase as well.
Why Home Buyers Should Have the Roof Inspected
Does a bad roof inspection affect the home value appraisal? Yes, you bet it does. When purchasing a new home roofs are not normally visible on the walk through and often forgotten about. However, during the home inspection a home’s roof conditions play a big role in the value of the home as well as the upcoming insurance cost once the home has been purchased.
In states like Oklahoma where we have all of the weather elements such as extreme heat, hail, heavy winds, and ice will cause wear and tear on a home’s roof condition and may leave the roof in need of repair or replacement. The appraiser will look at the age and maintenance of the roof, the roofing materials used, the standards in the neighborhood, and any upgrades or improvements that will help with energy efficiency.
How to Negotiate a New Roof When Purchasing a Home
If you have not yet check out our post on 5 Reasons Home Roofs Need to Be Inspected which gives great insight into why home roof inspections need to be done before purchasing a home, and even on an every 7-10 year basis to prevent any major issues such as leaks that could cause mold and rotting from happening. When buying a home one of the most common topics is roof replacement. Negotiating a new roof when buying a new home comes down to having a licensed roofing company do a full inspection to present to the sellers of the home. It is very common for the seller to agree to a roof replacement before selling their home and can be covered by their homeowners insurance once the inspection report has been completed.
At the end of the day roof replacement or repair upon sale of a home comes down to three things: the condition of the roof, market conditions, and the buyers and sellers motivation. Some of the most common signs that a homes roof is damaged are:
- Water marks on the ceiling
- Asphalt granules in the gutters
- Moss spots (green areas)
- Deformed or shagging shingles
Anyone can check for these surface level issues with a quick look over the roof. However, an expert roofer will be able to see signs of damage at a deeper level that one may not know to look for which is why at McCann’s Roofing and Construction we offer a Free On-Site Inspection.
How Does a New Roof Affect Home Value
Homeowner reports have shown that a new roof will increase home values by $15,427 on average that is up to 68% return on investment. If you are using an FHA loan one of the requirements is a roof inspection to insure the roof is in good condition. One may be tempted when purchasing a home to ask for a lower sales price with the intention of replacing the roof themselves, however, this can lead to being denied for homeowners insurance until the roof has been replaced. Or worse the roof ends up costing more than expected or negotiated for in the closing agreements of the home purchase.
Having professionals inspect the roof prior to closing will allow you to avoid this as a possibility. Giving you peace of mind that everything from your mortgage, to insurance, and the safety of your personal items will be safe from damage.
Call McCanns Roofing Today for a Free On-Site New Home Purchase Estimate
Buying a new home is a huge decision, don’t leave it to chance. McCann’s Roofing and Construction located in Edmond, serving Oklahoma for over 20 years knows roofs in Oklahoma and we have your back! Call us today and schedule one of our roofing experts to come out and give a free roof evaluation before buying your next home for peace of mind your possible future home roof has no issues that could cost you in the future.
If you do need a new roof we can help you through the process before you purchase the home so you can sleep well knowing we have you covered!