- Jan 31, 2002
- Professional Status
- Certified Residential Appraiser
A recent hail storm severely damaged the roofs of the majority of homes in the SE part of my town. Now we are beginning to see these repaired homes come up for sale or be re-financed. My current assignment is for a re-finance on a home that will have its roof repaired in March of 2003. The owner and bank wants an "As Is " appraisal. I'm wondering what the consensus of opinion is on how to make adjustments in the appraisal for a hail damaged roof. Many of these roofs have no visable signs of roof damage and take professionals doing inspections. If the appraiser or future buyer were not given any disclosure, as I was here, detection from a ground level exterior inspection of a two story home would be impossible.