Buying an Old House? Look Twice at the Roof

When home buyers’ imaginations are captured by a house built in the 19th or 20th centuries, they should be aware of certain problems. While it’s true that older houses were built to last, it is also true that components of an older house need replacing every 20 years or so.

Inspection is part of the purchase journey. The roof generally isn’t included in the initial inspection, though. Buyers will need to eyeball the roof first. Missing shingles, curly shingles, and shingles green with growth mean the roof should be replaced.

What To Look For

Test the vents and fans in kitchens and bathrooms. Not being vented to the outside is a problem. In the attic, look for insufficient venting. Buyers will require continuous venting along with the ridge and soffits.

Check in the attic for insulation and water damage. Bring a good light with you in order to see infinitesimal cracks.

Check the shingles. Older shingles were not made with today’s fiberglass. Even fiberglass shingles crack and rot, so look at them closely.

Look for loose shingle granules. These will fall into the gutters. They are a sure sign the shingles are wearing out and need replacement. Look at the seams around the roof peak and chimneys or vents. If the flashing is warped or curling away from the seam, then a new roof is needed.

Common Roof Problems

Go into the attic. If light comes in, so does moisture. If buyers see leaks or water damage, then a new roof is necessary.

Additionally, if something sags, then the next storm could possibly cause a collapse. Structural problems are no laughing matter; get it fixed immediately.

And when you’re up and looking at your roof, take some time to check out the state of the gutters. You want to make sure they are in good shape, as according to Leaf Gutter Guards they can prevent costly home damages, such as damaging foundations, mold, stagnant water, and attract mosquitos.

How To Pay For A New Roof

The prospect of a new roof is daunting, both for seller and buyer. A 203(k) home mortgage can help pay for repairs. This is a combination home improvement/home purchase loan. It is guaranteed by the FHA, which makes lenders less worried about repayment.

This loan is for the house that is almost just right. The house needs repairs without which it would be a danger to buyers. A 203(k) home mortgage can help pay for repairs as well as the purchase price, which will return the house to the community in good standing.

Buyers will need living quarters while repairs are ongoing. This loan can be modified to rent something until the house is livable.

What to Look for in a New Roof

When you need to repair or replace your roof, you will have a variety of options when it comes to roof materials and general design. You can choose from traditional shingles, metal, and slate, among others. Certain roof designs and elements can also go a long way toward upgrading the exterior look of your home.

For example, hipped or gabled roofs are typically the style of a craftsman-inspired home. Research your roofing options so you choose a style that best compliments your home design and needs.