Purchasing a new home is a major investment with several considerations, including buying a house that needs a new roof. However, unlike repainting or replacing a few fixtures, buying a house that needs a new roof comes with a hefty price tag.
With that in mind, it’s important to have a roof inspection before buying a house. But is it worth buying a house with an old roof?
How Old Should a Roof Be When Buying a House?
The question of “how old should a roof be when buying a house” hinges on several factors. You might find that when buying a house that needs a new roof, the reason isn’t always due to the age of the external structure.
For example, a 25-year-old slate roof is still a relatively practical and sound roofing option, while a 25-year-old asphalt shingle roof may require replacement in the next five to ten years. The latter makes it more probable you’re buying a house that needs a new roof.
Because of this, you need to consider the average lifespan of roofing materials when buying a house that needs a new roof:
- Asphalt shingles: 15 to 30 years
- Cedar shingles: 40 to 50 years
- Ceramic tiles: 50 years
- Metal roofs: 50 to 100 years
- Slate shingles: 75 to 200 years
Without regular maintenance and care, the roof’s longevity is impacted, making it less likely to last.
The Pros and Cons of Buying a House That Needs a New Roof
We’ve looked at how old should a roof be when buying a house. But what about the benefits and disadvantages of buying a house with an old roof? Depending on the situation, the advantages of buying a house that needs a new roof may outweigh the negative aspects of an old roofing system.
A New Roof Can Last Between 25 and 50 Years or More
Depending on the roofing materials you choose, replacing the roof in your new home can ensure it will last between 25 and 50 years or more. So, if you use high-quality materials, it might make buying a house that needs a new roof more cost-effective in the long term since the replacement might be the only one you ever need.
Increase Curb Appeal
Buying a house that needs a new roof is an opportunity to increase curb appeal, as the property will look more appealing. An attractive exterior may be required for some HOAs or if you plan to sell the home later.
Improve Resale Value
Homeowners can be torn between putting money and resources into buying a house that needs a new roof if there’s no clear return on investment. Thankfully, a new roofing system is a safe bet to improve resale value, making it a worthwhile investment.
Provide Energy Savings
If you are considering buying a house that needs a new roof, you might find potential for energy savings down the line. With better venting, fewer drafts, and vapor barriers, you will spend less on heating or cooling the house when the roof works effectively.
Can Be Costly
Of course, buying a house that needs a new roof isn’t cheap. After all, buying a house that needs a new roof could cost thousands of dollars, depending on the materials. Not every prospective buyer will have the additional funds to replace a roof right after buying a new home.
Home May Need More Repairs
When buying a house that needs a new roof, the property may require additional repairs. For example, leaking roofs might also lead to water damage in the attic or walls, mold or mildew growth, or structural problems.
You May Not Qualify for a Mortgage
One major drawback to buying a house that needs a new roof is the possibility of not being eligible for a mortgage. Therefore, check if your mortgage company is okay with roof replacements before signing any papers.
Buying a House With an Old Roof
If you’re buying a house with an old roof, it’s a good idea to have a professional examine the property. It’s one thing to fall in love with an older home, but it needs to be livable and safe for you.
Not only will a roof inspection before buying a house reassure you, but it can also be a price-negotiating tool if you end up buying a house that needs a new roof.
You Have Options
If you’ve had a roof inspection before buying a house and discovered the property needs a complete roof replacement, you have several options.
Negotiate With the Seller to Install a New Roofing System
Sometimes a seller will be motivated to move. If it comes down to buying a house that needs a new roof, they may install a new roofing system before the sale is finalized so there is a better chance of purchase.
Ask for the Roofing Replacement Cost Discounted From the Sale of the House
Not all sellers will have the time or funds to replace an aging roof before they sell. If you know you’re buying a house that needs a new roof, some homeowners may discount the total replacement cost off the final sale.
Absorb the Cost Yourself With the Purchase
If you’re committed to buying a house that needs a new roof and are not having any luck with negotiations, you may have to absorb the cost of a new roofing system with the purchase. Of course, not everyone can take this added cost financially, but it can be an option.
Walk Away From the Deal
If buying a house that needs a new roof is not financially acceptable and the seller will not budge on their end, you may have to walk away and look for another home with a better roofing system.
We’re Ready to Be Your Expert Roofing Specialist
We’ve considered questions like, “how old should a roof be when buying a house” and looked at the importance of a roof inspection before buying a house that needs a new roof. Before you make any final decisions on buying a house that needs a new roof, having a professional roofing contractor examine the roof can take the stress out of the purchasing process.
Perfect Exteriors is your expert roofing specialist in Minnesota. We can provide a comprehensive roofing inspection to help you make the best choice for your next home in the Twin Cities area.
Contact our team of exterior contractors today. We’re proud to serve the Twin Cities area, and are ready to make your goals a reality.