[jrref]

Originally Posted by oldtimes

We recently purchased a patio villa. The owner had to put a new roof on it or we would not have been able to insure or finance it. We had other offers fall through for this reason.

Did they put on a new cheap or quality roof? Was the warrenty transferrable to you, the new owners? If so, did you do the paperwork for the transfer?

[oldtimes]

Originally Posted by jrref

Did they put on a new cheap or quality roof? Was the warrenty transferrable to you, the new owners? If so, did you do the paperwork for the transfer?

We approved the roofer, the warranty was transferable, we have the paper work. Actually, we did have an offer on another house where they would not let us approve the roofer so that deal fell through.

[Ruger2506]

Originally Posted by Mike Moore

I'm about to sell a 20-year-old Patio Villa that has not had its roof or AC replaced although both are functional. My goal is to get as much out of the house as possible.

Should I (1) Sell the house at a low price in recognition that the buyer will need to replace both? or, (2) go through the hassle and time to spend $20-25k to replace both before listing it?

Or, put another way, will the demand for (1) be so low that I shouldn't waste my time?

Asking here instead of a Realtor as I'm considering FSBO.

Thanks! Mike

This must be a FL thing. I do get people can't insure an older roof cause the corrupt insurance companies play that game. I've bought and sold many houses. Both buying and selling as long as the house (including roof and mechanicals) passed inspection it didn't matter how old they were.

The last two houses I sold, the realtor was pushing for replacing the windows in one house and the roof on another. I declined. I got asking for both houses in a reasonable amount of time. Remember, the realtor wants you to make their job as easy as possible on your dime.

I mean honestly if the market required me to replace anything (roof or A/C or whatever) it's going to be the cheapest bare minimum POS I can find to meet the minimum requirements.

[Ruger2506]

Originally Posted by jimhoward

If the roof is 20 years old and the AC is 20 years old, how is the rest of the house. Is there 20 year old carpet and 20-year old appliances, and a 20 year-old bathroom? How is the water heater? It might just be a gut-remodel anyway. If it were me I wouldn't try to fix everything, I would price it attractively.

My favorite to buy. Sweat equity is worth a lot of cash. Buy low, put in the work. Reap the rewards.

[Velvet]

Yes, most of the value of the house is in its location etc. usually. But insurance is important especially with our hurricanes.

[asianthree]

How many PVs are on the market built less than 10 years ago for the same $$$$ you want? If the answer is less than 20 you should sell, more than 300 not a chance. Truthfully I wouldn’t Reno a PV, I would buy newer

[CarlR33]

Originally Posted by retiredguy123

If it's not broken, don't fix it. Lower the price. Of course any real estate agent will want you to spend money. It's your money, not their's.

Also, people from up north may not have roof age on their radar as much as actual villagers and you will not get a full return on your investment anyhow.

[Pessemist]

We bought in 2021’. I wouldn’t even look at a house with a roof older than 5 years. The AC unit was 18 years old at the time of our purchase but still going strong.

My friend bought his home a year ago and his AC just tied up and needs replacing.

Due to age of our unit (now22 years) I’m thinking of preemptively replacing it in the fall.

I can’t imagine what we would do if ours crashed in this heat! Their AC guy has replacement wait of 1 month out.

[Ruger2506]

Originally Posted by Pessemist

We bought in 2021’. I wouldn’t even look at a house with a roof older than 5 years. The AC unit was 18 years old at the time of our purchase but still going strong.

My friend bought his home a year ago and his AC just tied up and needs replacing.

Due to age of our unit (now22 years) I’m thinking of preemptively replacing it in the fall.

I can’t imagine what we would do if ours crashed in this heat! Their AC guy has replacement wait of 1 month out.

You'd improvise and adapt. You'd buy a portable unit, shut bedroom doors to non essential rooms and just plug away.

[Velvet]

Originally Posted by Pessemist

We bought in 2021’. I wouldn’t even look at a house with a roof older than 5 years. The AC unit was 18 years old at the time of our purchase but still going strong.

My friend bought his home a year ago and his AC just tied up and needs replacing.

Due to age of our unit (now22 years) I’m thinking of preemptively replacing it in the fall.

I can’t imagine what we would do if ours crashed in this heat! Their AC guy has replacement wait of 1 month out.

Time to visit relatives/friends preferably up north. Take a vacation, etc. Don’t take chances with your health - if it should happen.

[Velvet]

Originally Posted by CarlR33

Also, people from up north may not have roof age on their radar as much as actual villagers and you will not get a full return on your investment anyhow.

True, my northern home has a 25 year old roof and still going strong. It never occurred to me to ask about my TV home’s roof. And it was a TV insurance agent who arranged my insurance so I still was unaware of the importance of the roof.

[ElDiabloJoe]

Originally Posted by Pessemist

...

Due to age of our unit (now22 years) I’m thinking of preemptively replacing it in the fall.

I can’t imagine what we would do if ours crashed in this heat! Their AC guy has replacement wait of 1 month out.

If you're going to do it in the near future, do it in 2025 before the $2000 tax credit expires. Or so an HVAC guy told me last month.

[retiredguy123]

So, you are living happily in a house with an old roof and HVAC system and, because a real estate agent pushes you to upgrade, you spend tens of thousands of dollars so they can more easily sell your house, you fall for it? No way. I would tell that agent to take a hike.

I actually knew one seller who replaced perfectly good laminate countertops with granite because their sales agent told them to do it.

[jrref]

Originally Posted by ElDiabloJoe

If you're going to do it in the near future, do it in 2025 before the $2000 tax credit expires. Or so an HVAC guy told me last month.

Right, that up to $2,000 federal tax credit only applies to the higher efficiency systems such as heat pumps and ends in 2025.

[Aces4]

Originally Posted by retiredguy123

So, you are living happily in a house with an old roof and HVAC system and, because a real estate agent pushes you to upgrade, you spend tens of thousands of dollars so they can more easily sell your house, you fall for it? No way. I would tell that agent to take a hike.

I actually knew one seller who replaced perfectly good laminate countertops with granite because their sales agent told them to do it.

The OP didn't state he is currently living in the house, no realtor is pushing him for anything and he wants to do a FSBO. Geez..

I would never, for all the homes we bought and sold, stick a buyer with the worst roofing product I could find to save some nickels. If you've maintained the PV property with terminite/bug contracts, it's clean and in a nice neighborhood with an adequate new roof and have it reasonably priced, it will sell. If it smells, it will be with you for a long time. We would only buy an older patio villa north of 466A for upgrading or investment purposes.