Things to look for in a roof
Before you decide to close on the sale of a new home, it’s important you have the home inspected and have a realistic asking price based on your findings.
One thing that may be overlooked when you first walk through the home is taking a look at the home’s roof. As you walk around the property and view it from the outside, peak up at the roof and look for signs of wear and tear.
For homes that look like the roof is not in tip-top shape, you should have the roof inspected, along with the home, prior to putting an offer in on the home.
Things to look for
How old is the home and when was the last roof installed? If it’s been over 20-years, you’re nearing the end of the roof’s lifespan, so you’ll need to pay for the updated roof installation. Instead, try to add a clause into your offer letter that causes the current homeowners to drop their price to accommodate your investment, or they purchase the new roof, and have it replaced prior to the sale of the home.
Check to see if the home has ventilation or not because without ventilation your home is susceptible to retaining moisture which can cause further erosion and letting heat and cool air seep outside. None of these are good on your home’s foundation or your pocketbook.
Do you see mold build up on the rain spouts or on the sides of the roof? If so, this is a sign that there’s an underlined problem that will need to be addressed right away. Any issue means more money you’ll have to pay out of pocket for.
In the event that the home has a metal roof, you’re less likely to see any mold accumulation but it is possible. Be sure to check if the roof is metal or if it’s shingled. Shingling and metal roof costs are much different and can mean a great deal on the overall amount you put into the home before receiving the keys.