When you’re looking to buy a house for your growing family, you want to find a home you’ll fall in love with completely. As you’ve been searching the real estate market for a good deal, you find an older home that seems to best fit your family’s needs. It’s in the perfect neighborhood with a great local school system, convenient to stores, and offers room to grow. Plus, the price is right for your budget.
Of course, as years pass, homes gain character. But, they also will need necessary repairs. Still, you and your significant other have decided a few repairs here and there are acceptable. However, before buying an older home, you’ll want to invest in home inspection.
After your inspector gives you the report, the house is in overall excellent condition. But, being far from new, there are some concerns. The inspection revealed some noticeable damage on the home’s roof. There’s a possibility from the state of some of the roofing shingles that further repair may be required. So, looking further into the roofing must be considered, as you are looking to seriously negotiate the cost of buying this house.
Fortunately, the looming possibility of an expensive new roof doesn’t have to be a deal-breaker. If your home inspector has concerns about the home’s roofing system, you’ll want to look into roof infrared inspection. At the same time, you may want the infrared specialists to look at other potential problem areas of the home.
With the information you can gather from an infrared inspection, you can find out issues that are not readily visible. Even an experienced roofing contractor can’t necessarily see underlying damage that could lead to the entire replacement of the roof. If you find that the damage is on the surface, and only shingles and underlayment need replacing, the inspection can offer peace of mind in buying the house.
But, if your infrared inspector finds extensive damage that requires massive repairs, then it could be a deal breaker. That’s because you may not even be able to get the required property insurance to cover certain types of home buying funding, such as an FHA loan.
Keep in mind when buying a house, if you realistically need to replace the roof, you could be spending an additional $10,000 to $30,000 on roof repairs, according to Forbes. Of course, on the flip side, if you are fine with a fixer upper, you may be able to get the seller to agree to a lower sales price. Still, don’t fall in love with a house until you know it’s the smartest purchase you can make for your family.