What is a Roof Certification for Real Estate Transactions?
Real estate roof certification is sometimes required by a mortgage company or buyer during a real estate transaction. A home inspector or home appraiser may have raised concerns about a roof, and the lender or buyer wants assurance that the roof will not be a problem for the new homeowner. Real estate roof certification provides assurance that there are no major issues, such as active leaks or defects with the roofing system, and also provides an estimated remaining useful life of the roof system.
Not all roofs will get a roof certification. A roof certification inspection starts with a history of the roof, followed by physical inspection, ending with any repairs if needed. There are many factors that go into approving a roof for a 5 year roof certification—including the age of the roof, repair history, and more. The roofing contractor, who is asked to certify a roof they did not install, is looking at future liability. There are usually repairs needed to get a roof up to a certifiable level. This can be considered an additional cost to the roof certification.
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