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Post by SweetieBugs on Jul 24, 2023 15:18:10 GMT
I'm in a difficult situation. I need to downsize (due to the house being too difficult to maintain after DH's passing) but am still emotionally attached to the house and neighborhood and want another 2 to 3 years. The problem is the roof needs to be replaced. It's original wood shake, 32 years old and in rough shape. My DH was patching as needed every few years. The real problem is the gutters. They have rusted and leak out of the corners and they overflow and make a complete racket in the rain from pretty much every room in the home. I don't think I can handle another rainy season without new gutters.
The kicker, a roof replacement will cost around 8-10% of the home's current value. It's outrageously expensive because my area has a restriction on roofing material and my roof has to be reinforced to withstand the weight of cement tiles. I have the money to pay for the roof, but it obviously cuts into how much money I'll have after selling this house and buying a new one. I really need to take a portion of the house proceeds and earmark for retirement as I'm 58 so I will only be able to spent a portion on a new home and would like to keep a similar quality and feel to my new home and neighborhood (can't see being able to buy here because all the homes are expensive).
Any realtors know if I would need to replace the roof to sell (wondering if homebuyer's banks would require that)? If it's highly likely I would need to replace to sell as a technicality, this would be an easier decision. My home will be a "fixer" because the flooring needs replacing, it needs interior paint, the exterior trim pieces need repainting, the bathrooms are partially original, etc. It's a hard situation to be in.
Would you do the new roof?
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Post by katlady on Jul 24, 2023 15:21:07 GMT
It sounds like your home can be listed is a “fixer” so I would not fix the roof. I don’t think you would get back what you put into the new roof, based on the other items that also need to be done.
Good luck and hugs! It is a huge task.
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Lurkingpea
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Post by Lurkingpea on Jul 24, 2023 15:21:53 GMT
If you are staying 2-3 years I would absolutely do the roof. The damage that could be done might be catastrophic. If you sell the price would either take into consideration that it needs a roof or you would.likely be asked to kick in a portion via various means. I am assuming you live in an area with a lot of rain. Having a roof last 32 years is pretty fantastic. I wouldn't risk the damage myself.
ETA I am basing my opinion on the fact I think you want to stay 2-3 years in a rainy climate. If you are moving now, then no I would not replace.
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Post by littlemama on Jul 24, 2023 15:24:51 GMT
I doubt that any home inspector is going to pass that roof and gutters, so you are probably going to have to knock the price down by the cost of replacing roof and gutters (and any damaged wood underneath the roofing) or replace the roof and gutters before someone will buy it.
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twinsmomfla99
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Post by twinsmomfla99 on Jul 24, 2023 15:35:42 GMT
If you are staying 2-3 years I would absolutely do the roof. The damage that could be done might be catastrophic. If you sell the price would either take into consideration that it needs a roof or you would.likely be asked to kick in a portion via various means. I am assuming you live in an area with a lot of rain. Having a roof last 32 years is pretty fantastic. I wouldn't risk the damage myself. ETA I am basing my opinion on the fact I think you want to stay 2-3 years in a rainy climate. If you are moving now, then no I would not replace. I agree with all of this! You are going to have to replace it when you sell anyway. If it won’t pass inspection, the lender will make you fix it before closing. It is better to do it on your own time when you can shop around for contractors than to wait until the sale when you might have more limited (and thus more expensive) options.
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lindas
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Post by lindas on Jul 24, 2023 15:42:13 GMT
If you’re staying 2 or 3 years replace the roof. Based on your description it won’t pass a home inspection so potential buyers are going to want it replaced or a sizable reduction in price. They also won’t be able to get homeowners insurance which they need proof of at settlement.
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mimima
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Jun 25, 2014 19:25:50 GMT
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Post by mimima on Jul 24, 2023 15:45:56 GMT
Realtor - yes, the appraisal will call out the roof as required before closing. I'd replace the roof.
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Post by mom on Jul 24, 2023 15:46:20 GMT
Honestly, I would it whether you are moving now or in a few years. It has to be done. If you choose to do it now, you could perhaps give the new buyers a 'credit' and let them get it done. But either way, you are going to have to put out some money at some point. Why drag it out?
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FuzzyMutt
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Post by FuzzyMutt on Jul 24, 2023 16:00:12 GMT
I’ll offer another perspective based on where I live.
If your house is a “fixer” due to all those things (and honestly, interior paint and exterior trim paint are nothing…) but (I think) you said floors and roff and who knows what else may happen in two years, or what you don’t know about yet. You say you love where you live and you won’t be able to buy in a similar area due to cost….
Is it possible your house is a tear down rather than a fixer? We are looking for two very specific homes for ourselves, and in both locations we have the realtors looking, tear down is the most likely course of events. The locations are hard to find new/modern/low maintenance materials and finishes (what my guy and most buyers for the areas want.)
Either way, I feel for you! This is a hell of a spot to be in. If you (honestly) don’t think your home will be a tear down, or a serious fixer upper, I have to agree with pp’s… fix the roof. Good luck!!
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Post by cmpeter on Jul 24, 2023 16:17:31 GMT
I would replace the roof now. You would have to reduce the price when you sell or give the buyers a credit to replace the roof. Dealing with that headache could also deter potential buyers. You also run the risk of more damage due to leaks in the next couple years.
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snyder
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Apr 26, 2017 6:14:47 GMT
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Post by snyder on Jul 24, 2023 16:18:05 GMT
Also, if you can find a contractor that will do both the roof and gutters together, it might trim a little off the total cost rather than using individual companies.
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Post by papersilly on Jul 24, 2023 16:57:33 GMT
if the market is strong and it's a seller's market, i would not do any huge home repairs. there will be plenty enough buyers who will buy the house as-is. however, if it's something vital like the roof, electrical, or plumbing, i would do what is necessary to get it to the point of sale.
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Post by stampnscrap1128 on Jul 24, 2023 17:05:38 GMT
Is it possible the roof has damage from a recent storm and you can use homeowners insurance?
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Post by Lexica on Jul 24, 2023 17:53:05 GMT
I would not fix the roof. You will have to declare the gutter issue since you are aware of it (or maybe that is just a California requirement. I had to list anything that I was aware of in the house and in the neighborhood, which was weird). The buyer will have their inspector look over the home and will probably list roof replacement if it is that bad. Or if they feel it will hold for another five or ten years without leaking, they will note that too. Then the buyer will try to negotiate a reduction in price or a credit to have things fixed that need it.
I had the wood shingle roof that was ruled out after I had been there for a number of years. Then I got lucky. We had a really bad storm and my roof was quite damaged in it. Since we couldn’t just fix it with the same wood shingles, insurance paid for replacing it with those asphalt tiles instead. I got a 40 year roof for free.
I know what you mean about being attached to your home, but it being too much for you to take care of. That is why I sold my place after living in it for 44 years. I think I did a great job of taking care of the house myself for all but 4 of those years when I was married, but my health deteriorated to where I needed to downsize. I bought a smaller single story place, but it is rough going, unpacking and trying to set aside all of the stuff that I do it need any longer. My advice is get rid of stuff before you move. I got rid of some, but certainly not enough.
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Post by rst on Jul 24, 2023 22:29:24 GMT
I think @fuzzymutt has a very good point. In our area, a house as you describe would potentially be a tear down and the money spent on replacing the roof would be a waste. Hard as it is, talk with a good realtor about realistic expectations for your home. If it doesn't make financial sense to stay for another 2 or 3 years, you can save yourself a lot of grief and possibly some money by selling sooner rather than later. It doesn't hurt to get more information. You can always revert to your plan to stay put for a while, but make decisions from a place of fuller information. I mean, every pea here has useful input, but none of us know your specific location and house and market. So talk to someone, or even a couple of different realtors, who really know your market.
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Post by rst on Jul 24, 2023 22:34:58 GMT
I think @fuzzymutt has a very good point. In our area, a house as you describe would potentially be a tear down and the money spent on replacing the roof would be a waste. Hard as it is, talk with a good realtor about realistic expectations for your home. If it doesn't make financial sense to stay for another 2 or 3 years, you can save yourself a lot of grief and possibly some money by selling sooner rather than later. It doesn't hurt to get more information. You can always revert to your plan to stay put for a while, but make decisions from a place of fuller information. I mean, every pea here has useful input, but none of us know your specific location and house and market. So talk to someone, or even a couple of different realtors, who really know your market.
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Post by crazy4scraps on Jul 25, 2023 2:30:03 GMT
Fix the roof *for you* if you’re going to stay another 2-3 years anyway. I know way too many people who put off home upgrades for various reasons only to have to do them anyway in order to sell later on. You might as well do it now while you can still enjoy it yourself before you put it up for sale.
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Post by 16joy on Jul 25, 2023 2:34:12 GMT
Is it possible to replace with with traditional shingles or tin if they are less expensive than cedar shakes? I’d be worried about possible damage to the trusses in your roof if you delay too long
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Post by hennybutton on Jul 25, 2023 3:10:03 GMT
You should replace the roof now for two reasons:
1. You are planning on staying 2-3 more years. If you get a really hard rain, it could cause damage inside your house from leaks if you don't fix it.
2. You're going to be paying for it one way or another when you sell. You'll either have a reduced selling price or you'll have to replace it then. Why not reap the benefits of a new roof now? Plus prices are likely to be higher 2-3 years from now.
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Post by SweetieBugs on Jul 26, 2023 14:56:05 GMT
If you are staying 2-3 years I would absolutely do the roof. The damage that could be done might be catastrophic. If you sell the price would either take into consideration that it needs a roof or you would.likely be asked to kick in a portion via various means. I am assuming you live in an area with a lot of rain. Having a roof last 32 years is pretty fantastic. I wouldn't risk the damage myself. ETA I am basing my opinion on the fact I think you want to stay 2-3 years in a rainy climate. If you are moving now, then no I would not replace. It's not so much a rainy climate but we had a massively wet winter last year and rain often goes throughout the night so it is very hard to sleep.
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Post by SweetieBugs on Jul 26, 2023 15:03:30 GMT
I’ll offer another perspective based on where I live. If your house is a “fixer” due to all those things (and honestly, interior paint and exterior trim paint are nothing…) but (I think) you said floors and roff and who knows what else may happen in two years, or what you don’t know about yet. You say you love where you live and you won’t be able to buy in a similar area due to cost…. Is it possible your house is a tear down rather than a fixer? We are looking for two very specific homes for ourselves, and in both locations we have the realtors looking, tear down is the most likely course of events. The locations are hard to find new/modern/low maintenance materials and finishes (what my guy and most buyers for the areas want.) Either way, I feel for you! This is a hell of a spot to be in. If you (honestly) don’t think your home will be a tear down, or a serious fixer upper, I have to agree with pp’s… fix the roof. Good luck!! Thank you. It's definitely not a "tear down". Needs a new roof, flooring, paint and a few bathroom updates. The kitchen was completely redone in 2019 and we've put $40,000 into new windows (only half the house, however) over the past 6 years. So, at the moment, everything is functional and "livable" but the gamble is if the roof will last. My gut instinct is telling me to move forward with the new roof now. I just know that is a costly decision for me, especially if (and most likely) home values decline over the next few years. I'm just no where near emotionally or physically ready to move (still working on going through DH's belongings and I have massive craft supplies as well as 80+ photo albums and 25+ scrapbooks).
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Post by SweetieBugs on Jul 26, 2023 15:08:02 GMT
Is it normal/okay to contact a realtor to ask questions but not be ready to sell your home or commit to them as a realtor when you do? I'd like to get perspective on the roof replacement but it feels strange to call someone to just ask this question.
cadoodlebug, I thing you mentioned your husband is/was in real estate. Not sure if that was commercial or home. Do you have any thoughts on if I would be able to sell the house if I don't replace the roof (current wood shake and no know leaks but visibly rough looking)?
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mimima
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Jun 25, 2014 19:25:50 GMT
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Post by mimima on Jul 26, 2023 15:11:52 GMT
Is it normal/okay to contact a realtor to ask questions but not be ready to sell your home or commit to them as a realtor when you do? I'd like to get perspective on the roof replacement but it feels strange to call someone to just ask this question.
cadoodlebug, I thing you mentioned your husband is/was in real estate. Not sure if that was commercial or home. Do you have any thoughts on if I would be able to sell the house if I don't replace the roof (current wood shake and no know leaks but visibly rough looking)? As a Realtor, yes. Completely normal and something that I am happy to do. Again, you need to replace the roof for an appraisal, plus to prevent further damage.
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Post by scraplette on Jul 26, 2023 15:14:10 GMT
Do you have storms with the rain? I’d have my insurance company make an inspection before doing anything.
A 32 year old roof here (north Texas) would be an anomaly and would likely have damage covered by homeowners. They might not cover all costs but every bit helps. The insurance inspectors usually have decent contractors to recommend.
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Post by cadoodlebug on Jul 26, 2023 15:41:48 GMT
Is it normal/okay to contact a realtor to ask questions but not be ready to sell your home or commit to them as a realtor when you do? I'd like to get perspective on the roof replacement but it feels strange to call someone to just ask this question.
cadoodlebug, I thing you mentioned your husband is/was in real estate. Not sure if that was commercial or home. Do you have any thoughts on if I would be able to sell the house if I don't replace the roof (current wood shake and no know leaks but visibly rough looking)? To answer your first question, DH worked with some sellers for up to or over a year before they listed. He worked with them through all the repairs they should make including recommending good contractors to do the work. He helped move furniture, recommended stagers, even laid dining room tile on one house so it could close escrow. I would find an agent that you might like to work with so you can see what they offer before they get the listing. I'll ask DH his opinions on the roof replacement and get back to you.
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Post by SweetieBugs on Jul 26, 2023 15:51:39 GMT
Is it normal/okay to contact a realtor to ask questions but not be ready to sell your home or commit to them as a realtor when you do? I'd like to get perspective on the roof replacement but it feels strange to call someone to just ask this question.
cadoodlebug, I thing you mentioned your husband is/was in real estate. Not sure if that was commercial or home. Do you have any thoughts on if I would be able to sell the house if I don't replace the roof (current wood shake and no know leaks but visibly rough looking)? To answer your first question, DH worked with some sellers for up to or over a year before they listed. He worked with them through all the repairs they should make including recommending good contractors to do the work. He helped move furniture, recommended stagers, even laid dining room tile on one house so it could close escrow. I would find an agent that you might like to work with so you can see what they offer before they get the listing. I'll ask DH his opinions on the roof replacement and get back to you. Thank you so much. Your DH sounds like he was an amazing agent and a great asset to all his clients!!
I'm about 6 miles north of you. If you have any realtor recommendations for the area, I'd love to at least have some names. I'm thinking of a lady from Coldwell Banker to contact first (she may have been our realtor when we bought this house in 2008, but I'm not positive--trying to find some paperwork that would have her name).
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Post by cadoodlebug on Jul 26, 2023 17:45:03 GMT
Thank you so much. Your DH sounds like he was an amazing agent and a great asset to all his clients!! I'm about 6 miles north of you. If you have any realtor recommendations for the area, I'd love to at least have some names. I'm thinking of a lady from Coldwell Banker to contact first (she may have been our realtor when we bought this house in 2008, but I'm not positive--trying to find some paperwork that would have her name). DH recommends replacing the roof. First, so you get enjoyment out of it in the next 2-3 years. Second, to limit any further damage.
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Post by destined2bmom on Jul 27, 2023 1:09:33 GMT
I am not a realtor; but I agree to replace the roof and gutters. The last thing that you want in your house is black mold. I know someone who didn’t know that they had a leak from their second floor air conditioner and the water leaked throughout the walls in several rooms. There is mold everywhere and the whole house has to be redone. You do not want to have to deal with it.
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Post by chaosisapony on Jul 27, 2023 2:41:41 GMT
I'd definitely get the roof done. If you plan to stay for any length of time and don't fix the roof you could run into some major damage before you are ready to sell. If the roof is in that bad of shape it can definitely limit your buyers.
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FuzzyMutt
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Mar 17, 2017 13:55:57 GMT
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Post by FuzzyMutt on Jul 27, 2023 3:34:31 GMT
I’ll offer another perspective based on where I live. If your house is a “fixer” due to all those things (and honestly, interior paint and exterior trim paint are nothing…) but (I think) you said floors and roff and who knows what else may happen in two years, or what you don’t know about yet. You say you love where you live and you won’t be able to buy in a similar area due to cost…. Is it possible your house is a tear down rather than a fixer? We are looking for two very specific homes for ourselves, and in both locations we have the realtors looking, tear down is the most likely course of events. The locations are hard to find new/modern/low maintenance materials and finishes (what my guy and most buyers for the areas want.) Either way, I feel for you! This is a hell of a spot to be in. If you (honestly) don’t think your home will be a tear down, or a serious fixer upper, I have to agree with pp’s… fix the roof. Good luck!! Thank you. It's definitely not a "tear down". Needs a new roof, flooring, paint and a few bathroom updates. The kitchen was completely redone in 2019 and we've put $40,000 into new windows (only half the house, however) over the past 6 years. So, at the moment, everything is functional and "livable" but the gamble is if the roof will last. My gut instinct is telling me to move forward with the new roof now. I just know that is a costly decision for me, especially if (and most likely) home values decline over the next few years. I'm just no where near emotionally or physically ready to move (still working on going through DH's belongings and I have massive craft supplies as well as 80+ photo albums and 25+ scrapbooks).I can't even begin to imaging what you are going through! Knowing your home isn't a tear down is great, especially if you are attached! Regardless the specifics, knowing the direction of your home sale is so important, even if it isn't in the near future. It sounds like roof replacement will be your course of action.
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