If you are planning to put your house on the market, you'll need to be sure that your potential buyer will be able to get approval for a mortgage. Of course, their credit rating, debt-to-income ration, and their income plays a significant part in their ability to get a mortgage approval, but your home's condition also plays a role. One thing that can easily cause a mortgage to get denied is when the condition of the roof is unacceptable to the mortgage lender.
While a home inspector will perform an inspection of the house before closing, he or she may not fully inspect the roof. Here's what you can do to avoid the risk of a buyer being unable to get a mortgage due to a faulty roof.
Get a Roof Inspection
A thorough roof inspection will determine the condition of the roof, if any repairs are necessary, and the lifespan of the existing roof. If the laws in your state say that sellers must disclose previous roof repairs, a roof inspection can determine whether or not previous roof repairs were made, which can be helpful if there were previous owners. An inspection for a roof certification involves more than simply eyeing up the outer layer of the roof and looking for water stains underneath the roofing materials in the attic.
In addition to a typical roof inspection, contractors who perform these special types of roofing inspections often use technology and equipment to help them. One such device is an impulse radar, which works similar to a Doppler radar. It uses electromagnetic waves that reach through the roofing materials to measure varying reflections of the waves.
The device sends imagery to a computer screen, which shows the internal construction of the roof. This allows the contractor to determine how many layers there are, the thickness of each layer, the materials used in each layer, and whether or not there are any spaces or gaps, which could signify damage to the materials.
If the Roof Passes, You'll Get a Roof Certification
If the roof passes the thorough inspection, you will receive a roof certification. It typically only takes several days for the contractor to prepare the certification, which includes a report that details the condition and lifespan of the roof as it is. It's important to note that the lifespan this report lists may determine whether or not a mortgage company will approve a loan. For example, if the lifespan given is only 1-2 years, the mortgage lender may find it unacceptable, so you'll need to carefully weigh your options as to whether or not you should replace the roof if the lifespan is short or risk a potential buyer from being unable to secure a mortgage.
If the Roof Fails, You Should Consider Replacing the Roof
If the roof fails this inspection and your contractor is unable to certify the condition of the roof, you should consider replacing the roof before you put the house on the market. Fortunately, you'll already have a detailed report of the condition of the roof and the costs of replacing it, which includes the materials needed and a time frame for the completion of a new roof replacement. If the contractor who conducted the inspection also replaces roofing, contact him or her to see if they can fit you in their schedule.
If they don't, ask them if they can offer any recommendations to you for roofing contractors in your area. These inspectors have a better understanding than anyone about the quality of workmanship provided by the various contractors who work in your area. You can also visit websites like http://www.durafoaminc.com.