[BigHoss18]

My first observation, after reading all three pages of comments, is that “opinions are like arse holes!” Each side of this argument makes valid points, which only the buyer and seller can sort out based on their risk/reward tolerance.

I also recognized that no one mentioned were just into hurricane season! You have a few months of what are supposed to be about 5 measurably powerful hurricanes coming.

Have the roof inspected and get an honest assessment, then make a more informed decision.

Good luck!

[Dilligas]

Originally Posted by J1ceasar

Right now it's crazy just like it was about 20 years ago. Prices are going up 20 or 30% every year due to shortage of Labor and materials. There are some perfectly acceptable Senior communities 30 - 50% less in cost per square foot within 10 mi of The villages. Unless you must play golf every single day I'd recommend you look elsewhere whether the roof is new or old.

Golf is not the ONLY reason for living in The Villages. IMHO - The community and life style here is not the same in the cheaper retirement communities....nor is the resale should you not like it.

[stebooo]

It's a big deal. You need to think about that. New homes will have bonds that are maybe at least twice what a roof cost. If the used home is old enought. I would ask the agent for the name of the ins. Co who has said yes. Mine was just cancelled because they lowered it to 10 years. You can offer less based on new roof.

[stebooo]

Originally Posted by Inspector Mark

I have been a home inspector for 27 years. This question comes up almost daily. There is nothing wrong with buying a house that will soon need a new roof but your offer should reflect that.

I always explain to people the the cost of the house is not the price you are paying. The true cost is the total of the offer price, cost of needed improvements (roof, AC, Furnace, etc), and the cost of desired improvements (paint, carpet, new kitchen, etc).

If you add all of that up and you feel like you got a fair deal, then you found the right house. If you add them up and find you could not resell the house for that price, then start negotiating the sales price down or keep looking.

I know the housing prices are through the roof right now but that does not mean you should take a bath. Rent for a year and you will look like a genius!

It's not the worry of will your house pass inspection in regards to the roof. I have a roof that is absolutely fine it is 16 years old. Our insurance co and others are arbitrarily cancelling policy when a roof exceeds there limit. Now it's 10 years . That is ridiculous. Also there are companies that will ins. But at twice the price it's a mess .people are getting contractors to say they need a new roof. When they don't. Really need to. The ind co. Denies and home owner sues. Add 10k to cost for attorneys and now ins cost is 33% more than it should. Those homeowners smile because they took it to the ins. Co and the rest of us pay high rates because of there deceptive actions

[stebooo]

[QUOTE=l2ridehd;1959750]This is a roofing company scam. Roofs last 25 to 30 years with no issues. Many are warranted for that long. Yes you may have damage from hail or hurricane that can change that. If there is no damage it should last 25 years with no issues. The reason insurance companies are leery of insuring is they know these roofers are out here trying to scam seniors. Why else are they knocking on doors offer free inspections and a replacement at little cost to the home owner. They are ripping off the insurance company and putting an inferior product on your home.

Call any shingle manufacturer. They will guarantee their product for 25 plus years if installed correctly. Some will do 40 years with special shingles.

I suggest you call yourmfg and ask. If Florida do they warranty it. I doubt it very much. If so we need to get desantis on this

[conman5652@aol.com]

Look in pine hills area. All the roofs are being replaced due to bad ice and water shield. If u buy a house and roof is 15 yrs or older deduct 12000.00 to cover tear off and new shingles. They are good for 50years now. Older home were 20 to 30

[Rose Ann Vinci Igoe]

Originally Posted by Misky1951

I've been helping my friends from Boston who are looking to buy a preowned home.

Some of the homes have roofs over 15 yrs old. I asked the agents about insurance. They tell us TV insurance companies will not insure a home with a roof over 15 yrs old. But they tell us not to worry as other companies do.

My friends are concerned about paying top dollar for a home and then worrying about getting insurance or being required to get a roof replacement in a few years

I guess the obvious answer is to find a preowned home with a newer roof.

Does anyone see buying a preowned home with an older roof as an issue?

Also, I would think an honest agent would tell a buyer about this. None of the agents mentioned this until I questioned it.

As you know when purchasing a home, you have an inspection done... ck the roof, appliances, floors, etc. so you know what you have. All homes that are in this age, are going to be replacing everything. Its the way it is. Now this is why you ask questions, what has been updated... etc. As for roof, l5 - 18 yrs your covered, but just know no matter how good the roof still is , the insurance company's want a new roof. Its your main protection. The sale of the homes, with roof, appliances, rugs, etc that are older than 10 yrs should reflect a lower price. Also, Bond... plenty of homes that have already had the BOND PAID OFF for pre owned.... then again alot of people are replacing appliances, roofs, just for selling purposes.... so let the sale's agent know... you want new roof, appliances, no bond.... all part of buying a home...

[vinnyfla]

Why don't they call insurance companies first and ask them,
I never of that .
Before.

[rjm1cc]

assume the roof will have to be replaced, if not now in a couple of years so factor that in the price you pay.

[Topspinmo]

Originally Posted by BigHoss18

My first observation, after reading all three pages of comments, is that “opinions are like arse holes!” Each side of this argument makes valid points, which only the buyer and seller can sort out based on their risk/reward tolerance.

I also recognized that no one mentioned were just into hurricane season! You have a few months of what are supposed to be about 5 measurably powerful hurricanes coming.

Have the roof inspected and get an honest assessment, then make a more informed decision.




Good luck!

Ok….so why would hurricane matter? It going blow new roof off also.

[Topspinmo]

Originally Posted by Rose Ann Vinci Igoe

As you know when purchasing a home, you have an inspection done... ck the roof, appliances, floors, etc. so you know what you have. All homes that are in this age, are going to be replacing everything. Its the way it is. Now this is why you ask questions, what has been updated... etc. As for roof, l5 - 18 yrs your covered, but just know no matter how good the roof still is , the insurance company's want a new roof. Its your main protection. The sale of the homes, with roof, appliances, rugs, etc that are older than 10 yrs should reflect a lower price. Also, Bond... plenty of homes that have already had the BOND PAID OFF for pre owned.... then again alot of people are replacing appliances, roofs, just for selling purposes.... so let the sale's agent know... you want new roof, appliances, no bond.... all part of buying a home...

So basically saying make sure the owner spends 50 to 100K so it’s new house at old house prices. They sale news houses way down yonder. Never going fine house under those demands. O, you forgot new paint inside and out, new concrete sidewalks and driveway, and new landscaping. Hard enough to find house in area you prefer now let’s make it impossible.

[Topspinmo]

Agree, but seems like most expect new old house at old house prices. It they want everything new just buy new house.

[CoachKandSportsguy]

Don't buy now, unless you have to. The prices are very high, and will definately come down in time, a year or so. . . Timing is everything in life, so now is bad timing, and no, prices won't keep going up at this rate for years in a row.

determine the max amount you can afford comfortably, and look in that price range, factoring in $20 K for a new roof if needed either in a future expense, or in a price reduction or a combination of the two.

But right now, not worth playing against blackrock

[nn0wheremann]

Five years ago I bought a house with a 13 YO roof. Five years and one hurricane later it is a 15 YO roof. I had to do some minimal repairs, costing me less than $15 and an hour of my time. I expect to replace the roof in another four or five years. These houses were built with 25 year shingles. If the house you want to buy was built before 2003 you will need a more thorough inspection to get insurance, to verify the trusses are anchored and the windows meet the Miami-Dade wind mitigation standard. That standard became code in 2003, as I recall. If there is a mortgage, you need insurance to close the sale, and you need a good roof to get insurance. Farmers, purchased through their agent in Orlando, gave me a good price. Seems they are anxious to mitigate their exposure to western wildfires by selling policies in Florida.

[Boomer]

For the record, for interested buyers, there are a number of houses in the LSL section of TV — between 466 and 466A that had roofs replaced after a bad run of shingles.

A lot of the homes that got the new roofs — free — are in Hemingway and Hadley. Those two villages are the areas I know about for sure because it’s my neck-of-the-woods and we got a new roof in 2014 on a 2007 build, when the shingles fiasco was finally settling. Other villages might have been in that timing, too, but I don’t know.

That area of TV is very convenient to pools, golf courses, restaurants, and shopping and you might find some very nice upgrades.

It is possible that if an agent is new to selling in TV, the new(er) roof thing might not be known. But the roof that was replaced for us now has 7 years on it and many in the area were replaced before that.

I am throwing this info in here because it’s a little something to know about that might buy a little time for a buyer who can find one of these houses.

Boomer