Talk of The Villages Florida - View Single Post - Buying a preowned home with an old roof
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Old 06-14-2021, 11:55 AM
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kathyspear kathyspear is offline
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Your friends will not find insurance for that home unless the roof is replaced.

We had an issue with our current home and the one we sold when we bought this one. Both had to be replaced. With the home we sold we split the cost with the buyers. With this home we paid for the roof. Our insurance company (Allstate) gave us 30 days after closing to get the new roof put on. Had we not done that our insurance would have been cancelled.

We paid ~ 16-17k for each house but they are larger homes (2650 and 2900, I think). Depending on the size home your friends are looking at, the cost could be considerably less. My advice, FWIW, is that they should find the home they love and do what they need to do as far as the roof and insurance go.

kathy